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Restaurant In Beautiful Villa / Gaborone City Center For Sale

Gaborone, Botswana
Asking Price:
$140,000 (USD)
Sales Revenue:
$400,000 (USD)
Cash Flow:
Available on request

The restaurant is a sophisticated 80 seaters (average) restaurant offering traditional, genuine Italian food, elegant atmosphere and impeccable service. Savoury starters and appetizers, delicious pastas, tasty meats and fishes will be all on the menu. The menu is completed with a wide variety of home-made desserts and pastries that will be served both during lunch or dinner hours and tea-time hours.
The menu is updated every month with new recipes, in order to let affectionate clients having a continuous surprise, when coming to the place. We offer specialty selections, including monthly specials, gluten-free or lighter options and smaller portions for children.
The décor features an elegant Italian farm-house atmosphere, with floral pattern cast iron patio and bar, face-bricks internal walls, lintels and doors frames, in style light fittings and smart table setting. The business is a fascinating restaurant overlooking a magnificent garden, which, during the summer, enriches the experience of tasting unique cocktails made with creativity by our professional Barman.

If interested please contact the seller through the form on this page.

Property Information

Real Estate:

Lease

Lease Terms:

15 years lease, started in 2015.
7% increase per annum

Leasehold Rent:

$24 (USD) per annum

Location:

Prime city center location, right across the State House, in the heart of the diplomatic neighbourhood

Premises Details:

Finely refurbished 400sqm (4305 sqft) villa on a 3000sqm (32900 sqft) plot of luscious garden

Size in square feet:
3000sqm (32900 sqft)
Planning Consent:

The current plot is approved to be commercial and the current property status is approved by plans presented to the City Council. Future expansion will have to be presented to be approved.

Business Operation

Expansion Potential:

Board meeting rooms / private dining room: the space is available on the plot but must be refurbished
Outdoor playground: space is available on the plot in proximity of nice shady trees, but the playground is still to be built
Catering: the kitchen can be expanded, since there is more available space, to increase the catering business line

Competition / Market:

Gaborone is a town of big franchising restaurant in big shopping malls. It is difficult to bring customers to change their mind set about kind of food and kind of restaurant. Also, raw products are very expensive

Reasons for selling:

Relocation of owner

Trading hours:

Monday to Sunday lunch / noon to 11pm

Employees:
20
Years established:
3

Other Information

Support & training:

The owner is Italian and she can offer her support for the transition period that a buyer should come into the business

Furniture / Fixtures value:
$100,000 (USD)

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