The freehold property consists of three adjacent stands all zoned 'commercial'. The restaurant buildings occupy the centre stand whilst the other two are given over to parking and expansive lawn areas. The property also boasts a 45m² flatlet ideal for a manager or headwaiter/night watch scenario.

The restaurant and pub are sold fully equipped and a full inventory list is available. Water is from a good electric pump borehole as well as a municipal water connection and 3 phase Escom power serves the property.

The current owner decided to close the doors recently. The reason for this is two-fold. Firstly, as a very successful businessman (inter-alia the owner of the second-largest Ice-cream Factory in the country), he felt that he wasn’t spending enough time in the Bistro to make it really reach it’s full potential. Secondly, he struggled with the age-old problem of many a hands-off business owner: trustworthy management.

At the time of it’s recent closure, the restaurant was operating at an average turnover of R200 000.00 per month for the 18 month period since it’s opening. Projections, as outlined in the available “Anticipated Income & Expenditure Sheet” is based on this, using a conservative anticipated growth of only 5% per month. As you will be able to see, you will be in a position to start paying the bond from the restaurant earnings, from the word go. The projections are based on an average Food Cost of 35%, which in fact is higher than the norm of 33%.

For an aerial view click here.

R3,950,000 secures this great business and valuable property.

A GREAT OPPORTUNITY - Currently there are very few food establishments in the village of Magaliesburg, with the Wimpy (that caters to a completely different market) being the biggest contender. Down the main street there is also a small coffee shop and a Steers, but once again we do not envision these establishments as competition.  Magaliesburghers were sad to see the restaurant close and will surely be happy to welcome its reopening with their patronage.