Business For Sale. Nightclub & Gambling Bar (lpo's) - Amanzimtoti

This new listing represents a popular and profitable licensed nightclub and gaming bar in Amanzimtoti which is also a licensed LPO (Limited Payout) slot-machine operator. The business has a special licence which allows for trading until 04h00 in the morning.

The club is well fitted out with all the necessary equipment in place to entertain in a fashion expected of a nightclub. The premises are owned by the Seller thus, a lease can be negotiated.

The business averages +/- R300k per month turnover and generates excellent monthly profits of +/- R110k. Assets with an estimated second-hand value of R375k are all unencumbered and all in good working order.

The outlet has just had a new air conditioning unit fitted and there is an option to purchase the premises which incorporates a Bottle Store owned by the Seller. The bottle Store is also on the market with listing reference number: 12925

This business is selling for R2.86 million excluding stock of +/- R40k which equates to a return on investment of 46% or a payback of just 26 months.

For more information on this great opportunity and/or the premises included for sale, kindly contact the listing Broker.