PUB + GRANDSLOTS - CBS 343

PRICE: R1,95 mil

Business ID: CBS 343
Industry Sector: Entertainment: Pub + Gaming machines
Location: Cape Town CBD

An upmarket pub (ex franchise) with regular custom from surrounding legal and business professionals. Management run. Serves good quality pub meals & tapas, beers-on-tap, cocktails, wines and premium whiskies. Karaoke nights.

5 Grandslots machines with last 3 being installed mid December. In past 3 months of operating with the 2 machines they have achieved the highest Gross Gaming Revenue in the W.Cape!

The Grandslots licence is worth “gold” as in future it will be difficult to obtain a new gaming licence….and liquor licence.

Stock in Trade: ZAR 60 000
R.O.I: 45% annual
Turnover: ZAR 3 mil + pa
Operating Profit: ZAR 750 000 + pa
Asset Value: ZAR 1,1 mil
Size of Premises: 150 sq.m
Lease: Expires 2021 + renewal option
Rental: R40 000 pm
Staff:

7 (2 kitchen, 4 bar + 1 doorman) in a two-shift system with managers

Year Established: 2011
Legal Entity: Private company
Reason for Selling: Corporate transfer

OUR BUSINESS SALE SERVICES INCLUDE

  • Assessing a fair market value of your business
  • Assistance with information required
  • Trust and confidentiality in negotiations
  • Providing qualified buyers
  • Matching your business with qualified buyers in our database
  • Marketing plan for the sale of your business
  • Listing your business on our own and top websites we subscribe to
  • Feedback on progress regarding serious buyers
  • Viewing arranged by appointment only
  • Information on what buyers really want
  • Preparation of sale agreements and facilitating the sale process

 

CALL ME BACK