Renovated Restaurant With Growth Potential In JLT, Dubai For Sale

Description

Four years in business in JLT, Dubai.

Management

The restaurant is currently run by a designated manager.

Previous ownership was Greek.

Premises

Total area: approximately 1,265 sq ft

Indoor seating:

• 24 seats

Outdoor seating:

• 15 seats

Renovation

Reported renovation spend: around AED 1 million

• Interior renovation
• Kitchen upgrades
• Operating systems

Kitchen

Commercial kitchen already fitted.

Team

Current staff: 6.

• 3 cooks
• 1 waiter
• Supporting staff

Total monthly salaries: around AED 18,000

Financials

• Average monthly revenue: around AED 150,000
• Monthly net profit: around AED 7,000
• Food cost: around 39%
• Online platform fees: around AED 24,000 monthly

Rent

Annual rent: AED 266,000

Monthly equivalent: around AED 22,000

Rent may be negotiable with the landlord.

Growth

• Lower food costs
• Menu changes
• Reduced platform costs
• More direct orders
• Additional marketing

Reason for Sale

Reason: other business commitments.

Further Information

Remaining details after NDA.