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PROFILE |
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Description: |
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Pub and Grill in prime main location in Parys. Seating for ±100 guests. Fully equipped kitchen and bar included. Liquor license transferable. 5 year lease available which includes a bachelor flat. Loyal customer base with strong tourist trade. Huge growth potential. |
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Industry / Sector: |
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Restaurant and Bar |
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LOCATION |
| State / Province: |
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Free State RSA |
| City / Town: |
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Parys |
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Location / Area: |
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Parys |
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Metro Proximity: |
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Johannesburg. It should be possible to commute from this metro city to the business location. |
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Portability: |
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Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
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PRICE |
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Asking Price: |
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R 2 700 000
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| Conditions: |
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Negotiable. Lock, Stock and Barrel |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 152 689 per month
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| Profit: |
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R 80 000 per month
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| Annual Return: |
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36
% per annum
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| No. of Staff: |
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2 |
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Year Established: |
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2022 |
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Legal Persona: |
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Private Company (Pty) Ltd |
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Other Information: |
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This well-known and established pub and grill is situated in a prime main street location in Parys, attracting both locals and tourists throughout the year.
KEY FEATURES
- Seating capacity: ±100 patrons
- Fully equipped kitchen & bar (fixtures and fittings included)
- Liquor license (to be transferred to new owner)
- Monthly rent: R15 000 (includes a bachelor flat at the back)
- 5-year lease option available
- Strong seasonal turnover.
The business has built a loyal customer base and is perfectly positioned for an owner-operator looking to step into a running concern with growth potential.
TURNOVER
The turnover averages R150 000 off-peak and up to R250 000 in peak season.
BUYER PROFILE
- Hospitality entrepreneurs
- Family-run business
- Investor looking for a profitable operation in a popular tourist town
The business has built a loyal customer base and is perfectly positioned for an owner-operator looking to step into a running concern with growth potential.
REASON FOR SELLING
The owner has significantly invested in the business and is now looking to realise the investment and move on to new ventures.
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