Ref. No - BFS00422
South Africa, Eastern CapeRef. No - BFS00422
Sector - Food
Summary
Asking Price: R1,120,000 – Negotiable
An excellent opportunity to acquire a well-established and professionally managed pub in the popular Richmond Hill area of Port Elizabeth.
The business has been successfully operating for approximately 8 years and has built up an established customer base. The pub operates under a Type G license and includes 15 gambling machines, all of which are transferable to the new owner, subject to the relevant requirements.
The business is licensed to operate from 11:00 AM until 2:00 AM, offering extended trading hours and excellent earning potential.
This is an ideal opportunity for an investor or hands-on owner looking to acquire an established hospitality business with existing infrastructure, experienced management, strong operating hours and multiple income opportunities.
Serious buyers are invited to enquire for further information.
Give me more informationFully describe the business's activities?
Business Highlights
- Established and operating for approximately 8 years
- Situated in Richmond Hill, Port Elizabeth
- Well-managed and established operation
- Type G licensed
- 15 gambling machines, transferable
- Licensed trading hours from 11:00 AM to 2:00 AM
- Monthly profit between R60,000 and R70,000
- Affordable monthly lease of R15,000
- Asset value of approximately R160,000
- Stock value between R25,000 and R30,000
How long has the business been established?
8 Years
Is the business VAT Registered?
Yes
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