R1,300,000total price

Vibrant Greek Restaurant for Sale

Here’s your chance to own a highly successful Greek restaurant that has been thriving post-covid and continues to grow with loyal patrons. This restaurant is well-known for its function venue and event preparation, having hosted multiple successful functions.

The restaurant has a strong review rating, and it has been featured twice on radio and television programs, including an Afrikaans feature film and a series called Koning’s van Kitskos. Live entertainment and true Greek tradition add to the great atmosphere, so be prepared to break some plates!

The profit can immediately be increased if the business is owner-run, as there won’t be a need for the two managers.

The business is valued based on true profits, removing all non-recurring expenses. Using the rule of thumb method, the business is valued at a P/E ratio of 3.5 based on its excellent reputation, proven track record, sustainable sales and net profits, potential to increase profits exponentially, and loyal staff.

Annual Revenue: R3 079 831.00

Annual Profit: R566 433.00

Due diligence will ONLY commence once a valid offer and proof of funds have been provided.

Don’t miss this opportunity to own a thriving Greek restaurant with a loyal customer base and strong potential for growth. Contact us today to schedule a visit and learn more