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Business For Sale. Randburg Diner With A Difference

LISTING DETAILS
Firms For Sale ID:
31992
Vendor reference:
12798
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$2,350,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This unique and extremely popular Diner was first established in 1993 and shortly afterwards, relocated to its current location in Randburg.

This restaurant is where fun is key with a â??no frills approachâ?? and it brags generous portions and keen pricing even through the recent challenging times.

Always on the lookout for new revenue streams, 5 gaming machines were added to the business and these have proved to be hugely profitable not to mention a significant draw card to the business.

The present operation has a 400 seater restaurant with two bars and a gaming room and is set over two floors overlooking pleasant surroundings. The Diner attracts a 23 to 65 year age group and its physical layout allow the operation to comfortably accommodate the quiet diners in one area whilst being able to pander to the wants and needs of the following who are looking for a more â??vibeyâ?? environment.

The operation is managed by two Partners with more than thirty years in the hospitality business.

The centre boasts top national tenants such as Pick & Pay, Woolworths and a massive Virgin Active gym. The secure parking and expansive lawns and common areas make the centre a very popular family destination.

With average monthly pre-tax profits in excess of R150k, this business offers a R.O.I. of 78% and a payback of just 16 months.

For more information, kindly contact the listing Broker.