Profitable Restaurant in West Rand

West Rand
Price : R 4,000,000
Listing Type : Steakhouse & Grill
Location : West Rand
Ref No. : 2905
Year Established : 1984
No. of employees : 26
Lease Term : June 2023
Turnover : R 764 000 pm
Cost of Sales : R 320 000 pm
Expenses : R 291 000 pm
Net Profit : R 153 000 pm
Stock Value : R 200 000

This profitable restaurant and steakhouse boasts a proud history, from humble beginnings in the 1990’s to a highly successful and multi award winning restaurant today. The restaurant has been operating for the past 34 years as a family business that has been run by the current owners. All their meals are freshly prepared from scratch on the premises by experienced chefs under the supervision of the owners where fresh ingredients of the highest quality are used and no preservatives are added. The restaurant offers the best quality lean, grain-fed beef that is cut and aged on the premises by an experienced team and supervised by the owners.

This restaurant strives to comply with the famous motto of “no compromise on quality, value and service”. The business has a total of 16 permanent employees and 10 casual fully trained and reliable staff members. This business comes with a registered trademark and there is a huge opportunity for franchising and expansion with the possibility of opening many more restaurants in new locations. This business is selling for R4 000 000, and it generates an average monthly turnover of R764 000 with an average monthly net profit of R153 000.

Due Diligence