Fully describe the business's activities?
This well-established, award-winning restaurant is located in an upmarket northern Johannesburg suburb and is renowned for its exceptional food, warm ambience, and loyal customer base. The business has built a strong brand presence over many years, combining authentic cuisine with elegant dining in a vibrant setting. With an experienced management team and well-trained staff in place, the restaurant operates seamlessly and continues to enjoy consistent profitability. Ideal for an investor or owner-operator seeking a reputable, turnkey hospitality business with proven performance and growth potential.
How long has the business been established?
10 years
Give a breakdown between sit-down, takeaways and deliveries
225 seated
70 Bar seated
95% sit-down sales
How does the business operate on a daily basis?
Lunch & Dinner from Tuesday to Saturday. Lunch only on Sunday. Closed on Monday
Trading Hours: 12:00pm till close
Kitchen Hours: 12:00pm to 3pm & 6pm to 9:30pm
How are the clients attracted to the business?
Google add campaigns
Word of Mouth
The restaurant features in magazines from time to time
Is the business VAT Registered?
Will be disclosed during the Due Diligence
Are there up-to-date Management Accounts available?
Will be disclosed during the Due Diligence
What percentage of the business is cash/credit?
100% cash
What are the average stock values on a monthly basis?
The stock values fluctuate between R400,000 - R600,000 per month
What is the total staff complement?
48 staff
Give a breakdown of staff/ functions/ length of service?
Will be disclosed during the Due Diligence
Do any have management potential?
Managers in place
How involved is the Owner in running the business?
The owners oversees the stock orders and do the payments
When does the current lease end?
Will be disclosed during the Due Diligence
Who is the Owner/Landlord?
Will be disclosed during the Due Diligence
Is a copy of the lease available?
Will be disclosed during the Due Diligence
Do you require a licence?
Liquor license
What lease deposit and/or other surety is required?
Will be disclosed during the Due Diligence
What are the main assets of the business?
Kitchen Equipment and furniture
Which assets are on lease/HP and with whom?
Will be disclosed during the Due Diligence
Are copies of agreements available?
Will be disclosed during the Due Diligence
Are they presently insured?
Yes, all is insured
Strengths?
Strong brand reputation with a loyal and affluent customer base built over many years.
Proven profitability and consistent trading performance with stable cash flow.
Experienced management and staff ensuring continuity and high service standards.
High-quality menu and culinary standards recognized for authenticity and creativity.
Prime location in a sought-after northern suburb with strong foot traffic and accessibility.
Fully equipped kitchen and stylish interior, minimising immediate capital outlay for a buyer.
Weaknesses?
Limited scalability within current premises without additional investment or expansion.
High operating costs (ingredients, staff, rent) typical of premium restaurant operations.
Dependence on repeat clientele within a competitive dining market segment.
Opportunities?
Event hosting and private dining can enhance profitability and brand exposure.
Marketing and digital presence upgrades to attract younger and corporate clientele.
Tourism recovery and economic upturn offering higher disposable income and demand for dining out
Threats?
Economic fluctuations and consumer spending pressure can affect discretionary dining.
Increasing competition from both high-end and casual dining operators.
Load-shedding and utility disruptions affecting operating efficiency and costs.
Staff turnover in the hospitality sector can impact consistency and service quality.
What is the reason for the sale?
The owners are focusing on growing the brand nationally and wish to dedicate their time and resources to expanding its footprint across South Africa.
Annual Turnover Amount between R 500 thousand and R 6 million