Top Bistro & Bar style dining filled with proprietary, exceptionally tasty menu coupled with bold, distinct decor that caters to a wonderful alfresco and dinner table experience combining quality drinks and food. This restaurant was renovated last year and opened in November 2024.
Consisting of tapas styled meals and grilled meats, the menu combines a mix of European, South American and African flame grilled flavours. These choices were based on the owner's research into menu gaps in the market.
REASON FOR SALE
The seller specialises in acquiring and reviving restaurant businesses for resale.
PREMISES
The property is a single story building along a busy well known street, with a private alfresco space, indoor seating areas for dining, an indoor bar, alfresco style dining areas to the rear of the restaurant as well as private dining areas.
LEASE
A three year lease is in place with an option to extend for another two years. Already completed six months.
LOCATION
Situated in a bohemian suburb of Johannesburg, a popular hang-out for the cosmopolitan crowd. This bustling street is home to a number of bars, restaurants, cafes, tattoo studios and thrift stores.
SECURITY
Beagle Watch 24/7 with armed response.
Cameras and alarms.
INSTALLED SOFTWARE SYSTEMS
PayPoint for point of sale transactions.
• Takeover contract. Fee: R5 000/month.
Stockmed
• Scans and weighs drinks.
• Stock take system: R800 monthly
SERVICE DELIVERY DEPENDANCY
Water - Jojo tank 2,500 litres
Standby power generator.
MARKETING
- 3000 followers on Instagram and growing.
- The Tiktok account is at its early stage.
- Sponsorship agreement/outlet business plan agreement with Pernod Ricard.
Events, PR, sponsorship and pouring rights.
9 month contract: 1-Nov-24 to 31-July-25.
- The owner has relationships with all alcohol brands and will pass on those relationships to the buyer.
KEY DETAILS FOR 2025
- Established business: 3 months and counting
- Trading days: Tuesday - Sunday
- Employees: 10
- Monthly Revenue: approx. R500 000
- Sponsorship agreement: R240 000
- Stock: R30 000/week
- Rental: R28 000/month incl vat
- Size: 135m²
- Utilities: R10 000 to R15 000/month
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