Restaurant for sale

Restaurant for sale in lagos

Business Overview:
Fine dining restaurant in Victoria Island, a posh locality in Lagos.
Ground floor restaurant with 150 seating capacity frequently visited by top corporate & brand owners.
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Asking price: N690m naira
Inclusive of physical assets worth N500m naira.
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Daily footfall ranges from 44-64 customers.

The average billing value is NGN 35,000 naira per couple.

95% of the revenue is from dine-in and we get 5% of sales from a food delivery platform (Mano).

Net turnover of NGN 40 million naira average with higher sales at peak season during the end of the year.

Operations director with vast experience in hospitality for more than 40 years.

We have licenses and permits for parking, food, and drinks, which are renewed on a yearly basis.
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Products & Services Overview:
Lebanese cuisine is our top-selling product. We serve drinks & food, and lounge on selected weekdays.
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Assets Overview:

2 Perkins generators 125kva each, sound speaker setup, kitchen equipment, Daikin Duct AC.

Facilities Overview:
Rented a 2-floor facility on a long lease. The facility is equipped with 2 branded generators + an inverter, and CCTV.

Capitalization Overview:
Our facility was funded by the 2 investors/ partners, no banking loan was required or sought to set up the business.
Have suppliers’ credit period ranging from 15 days – 1 month.
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