We have been building this 10 year old Pub & Grill into a very profitable one, after having bought it from the previous owner 6.5 years ago.
We have now come to retirement age and have decided to emigrate to enjoy our retirement elsewhere.
The business is on autopilot with core support from a large regular customer base which would not change as long as service levels are maintained. We have competent staff who know the business, it’s systems and controls and management thereof very well.
Robust and foolproof financial and stock control systems have been implemented which is part of the recipe for our success.
For security reasons we do not want to post any photos here. A full set will be provided upon request, but a personal viewing is always the best.
A full set of financials are available upon the signing of a non-disclosure agreement.
Our price is based on the multiple of earnings method (net annual profit) comes to a multiple of 2, way under the norm of 5 X. An investor would recoup his investment in 2 years, equating to a 51% p.a. return.
After a 2 years process, we were granted a gambling license and V-Slots installed 3 gambling machines during June 2018. It is common knowledge that these machines generate very handsome income over a period of time. If we include V-Slot’s very conservative estimates (which we halved), the multiple of earnings comes to 1.75, which means the recoupment of the investment after 1.75 years and an annual return of 57%.
The business is sold lock, stock & barrel and would include normal trading stock. Equipment like fridges, freezers, ovens, deep fryers and electrical equipment are in very good condition and maintained. A comprehensive asset register is available and shows depreciated values. Movable assets are worth well in excess of R200 000.
The present owners would actively work with the buyer for a period of one month to enable the new owner to settle in and understand the controls and systems.
A magnitude of additional information and crucial statistics are available, but just not feasible to try and explain here. A personal viewing is crucial in assessing this great opportunity.
Very Lucrative And Profitable Pub and Grill For Sale In Nelspruit
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