087 820 4600

Fabulous Profitable Mediterranean Restaurant

R775,000KwaZulu - Natal (KZN)Listing: #14349
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KwaZulu - Natal (KZN)



R775,000

About this business for sale

Fabulous Profitable Mediterranean Restaurant ##This listing represents a superbly appointed, well-established destination restaurant located in the peaceful surroundings of a park-like location in the Upper Highway area. ####This profitable, outlet has a uniquely cosy, rustic ambience about it and the delightful Mediterranean cuisine is very popular with locals and visitors to businesses in the surrounding area as well as its regular, established clientele. ####The venue operated as a tea-garden for a number of years until 2010 when the Seller acquired it and started trading as a fully-fledged, licensed outlet. Since then, the business has grown threefold. ####The focus has been on quality, good value for money food. Consequently, the business is well known for its enjoyable breakfast and lunch menu offering and it can also be booked for special one-off evening occasions by arrangement. ####Owner run and assisted by a team of 4 well-trained, reliable staff, the business trades seven days a week between 08h00 and 16h00. Known temporary staff are recruited as and when necessary.####The business is listed at R775, 000 which includes +/- R35k in stock at cost. With average monthly pre-tax profits of > R36k, the offering constitutes a Return on Investment of 57% and/or a payback of 21-months. ####Assets are all in perfect working order and reckoned to be worth +/- R370k in the good condition they stand. ####All information provided is subject to verification by interested buyers and financial information will be disclosed to serious buyers. ####For more information, kindly contact the listing Broker. ##
LINK South Africa
[email protected]
087 820 4600
082 452 8186

Ian Craig

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Confidentiality Agreement for Business Ref 14349 , Broker Name Ian Craig

Between LINK and * (Interested Party) this must be an individual's name, NOT a company name

In consideration of LINK (being any or all of - and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me, and specifically Listing ID No 14349. I/We hereby agree and undertake as follows:

  1. All "Confidential Information" provided to me by the Seller and the Agent on behalf of the Seller in respect of Listing ID No 14349 shall be treated in the strictest confidence;
  2. No information relative to the Seller or the business will be disclosed to any other persons who do not have a direct interest in the acquisition of the business without the prior consent of the Seller or that of LINK South Africa;
  3. I agree that, in the event of a breach of trust in the above, the Seller can take whatever action they deem necessary to recover any cost of damage caused by such breach.;

*By checking this box, I hereby accept the above terms and conditions of this agreement and agree to receive new business opportunity emails on businesses that match my interests as specified. If at any time I no longer require this service, I understand that I can click the unsubscribe link within the email received.