Business Summary

This is an excellent opportunity to own a well-established bar and restaurant in a prime area of Durban South. The business, which was originally founded in 2001, has consistently performed well and has been operated by the current owners for the past three years. They have put systems in place to ensure smooth operations, making this a turnkey opportunity for any potential buyer. The business benefits from its strategic location in an area experiencing growth in the B&B and guesthouse market. This development has increased customer traffic and boosted revenue by 10%, providing a solid platform for further expansion. Loyal support from the local community has kept the business thriving, while holiday seasons bring an influx of tourists, contributing to additional revenue streams.

The establishment features five slot machines, which currently generate an average of R4,000 per month. With effective promotion and customer engagement, these machines could potentially generate upwards of R10,000 monthly, adding a lucrative passive income stream. The business employs a dedicated staff of seven (5 permanent and 2 casual employees). The team includes well-trained kitchen staff and energetic waiting staff who are committed to staying with the business, ensuring continuity of operations for the new owner.

Takeaway Sales are a significant contributor to revenue, with room for expansion through partnerships with delivery platforms such as Uber Eats and MrD. This could attract new customers and provide a convenient option for existing ones. The bar and restaurant enjoy steady patronage, offering a diverse menu that caters to local and tourist preferences. Leveraging the venue for events such as live music nights, sports screenings, or private functions can diversify revenue streams.

The current owners have been hands-on operators and are now planning for retirement, making this a rare chance to acquire a fully operational and profitable business.

This business is ideal for a hands-on entrepreneur or a team looking to step into a thriving industry with immense growth potential. With a strong foundation, loyal customer base, and multiple avenues for expansion, this bar and restaurant offers a highly attractive return on investment. The business asking price is R695 000 negotiable, and it generates an average monthly turnover of R124 000, with an average monthly of R30 000.

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