The Party Place Resto Bar in BGC with Average Sales of P22,000,000Listing: #AL00024
About this Business for sale inThe Party Place Resto Bar in BGC with Average Sales of P22,000,000
With option to own 100%.
This 4.5 star rated resto-bar has an average annual sales of Php22,000,000 where 87% comes from cocktail and beer.
Located in the heart of Taguig City, this resto bar is the “party place” of condo residents and the young working class. It has a seating capacity of 104 and can pack as much as 300 party revellers. Floor area is 153 sqm. The 30sqm kitchen provides sufficient operational flexibility. Even with the annual rent escalation they still enjoy the cheapest rate in the city.
American comfort food by one of the industry’s creative chefs have captured the tasted palette of the discriminating young working professionals. The chef being one of the partners is here to stay and create new recipes for the new owner. He has a reputation in the food and beverage industry as a consultant to the test kitchens of multinational and local food companies. Besides good food and the right price strategy, the partners’ natural ability to connect with their customers are reasons for repeat business.
Manila's top DJs take turns in playing in weekly events and "Game Night" wherein groups play trivia and drinking games. Major brands such as San Miguel Brewery, Marlboro, Heineken and Jack Daniel's have live sponsorship contracts with them.
There is still plenty of room in the daytime to maximize food and beverage sales. The new office and residential condominiums in the area that are set to open in 2019 presents new opportunities in food delivery.
If you are in the market for a resto bar with plenty of potential and more than 28,000 followers in social media this is the one to seriously consider.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.