Business For Sale. Family Restaurants & Steakhouses - Gauteng (gp)

Excellent opportunity. This restaurant was established in 1998 and is still with the present owners.

It is an established part of the community and patronage is derived from all parts of Centurion. Both the owners run the business on busy evening's and a very capable day manager and trained staff act as mangers in the busy evening's.

The veranda and bar area have proved most popular for relaxation and comments from customers would suggest that the steaks sold in this outlet are the best in Centurion while fresh-from-the-sea sea food is also very popular. The Seller uses mobile placards with a humorous messages to advertise which has proved effective and is also a inexpensive way to advertise the business.

The target market is the residents of the immediate local and surrounding areas from which a good client base has been built.

The average monthly turnover over the past few months is R450 000. During 2010 the turnover has continuously increased with combined sales for the months of October, November and December 2010 of R1,505,500-00.

Permanent assets are mainly furniture, stoves and a detailed asset register will be made available to serious Buyers. The lease is for 3 years and expires November 2011. The escalation is 10% on turnover.

The owners are also involved in a property agency thus, after 10 years of managing 2 businesses simultaneously, they've decided to focus on the property market in the future.

The seafood restaurant is the only restaurant in the area with other restaurants in shopping malls on the outskirts of the Centurion.

This established restaurant has built up a loyal customer base over the years. It will provide a substantial income for the owners over the years and has the capacity to extend the advertising to more surrounding areas.