Lucrative Restaurant in MauritiusMauritius
This is a well-established and profitable restaurant located on the beautiful island of Mauritius. The business has a diversified revenue stream and offers a variety of entertainment options including a restaurant, as well as functions, events, and discotheque. The business is well-managed, is very profitable and is considered a leader in its industry in Mauritius. The restaurant has several facilities to cater to its customers’ needs, including a conference room, three large sports screens, a spacious stage for live bands, and ample parking space. The restaurant operates four days a week and employs 10 well-trained staff members that focus on delivering excellent customer service. The business has a strong reputation in the industry, the focus on providing quality service and maintaining a safe environment, they have a loyal customer base, with 70% local customers, 15% expatriates (from South Africa and France), and only around 15% tourists (which shows that this business is self-sustainable and does not fully rely on the tourist trade.
Mauritius is an excellent immigration option for South Africans as it offers many opportunities for foreigners to reside, invest, start a business, or buy an existing business, with a favourable tax rate. Additionally, the area where the business is located is expected to undergo significant development over the next three years. After 14 years of operation, the managing director and majority shareholders has reached the retirement stage and is looking to slow down. This business asking price it R15 660 000, and it generates an average monthly turnover of R1 134 914 with an average monthly net profit of R337 498. Please note that the selling price is subject to the exchange rates at the time of sale.