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Bar for Sale in Lekki, Nigeria

Restaraunt and lounge serving intercontinental and local cuisines with a capacity of 400+ pax.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 1 - 2 million
Run Rate Sales USD 1.1 million
EBITDA Margin 30 - 40 %
Industries Restaurants + 1 more
Locations  Lekki
Local Time 1:28 AM Africa / Lagos
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 1.84 million (Native Currency: NGN 3,000,000,000)
Reason: The owner wants to move on to another career and be closer to her children. The valuation is based o... View More
Includes physical assets worth USD 276 thousand
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Business Overview
- We are a well-known and fast-growing restaurant and lounge in Lekki Lagos.
- Seating capacity of the business is 400 pax.
- Footfall during the weekends is 200-300 and during the weekdays is 100-150.
- Our restaurant serves both intercontinental and local cuisines.
- We are renowned for serving the best liquor and cocktails.
- Have a well-functioning online app that we use to take orders for food deliveries, book reservations, buy tickets for shows, and many more.
- 70% of the revenue is generated through offline orders and the rest is through online orders.
- We have a registration and Mermat certificate.
- The sales have decreased as the owner is unable to focus on the business.
Products & Services Overview
A fully functional and well-equipped restaurant and bar. We are the go-to for many events and party planners in Lagos. We also have a fully functional club for party lovers.
Assets Overview
All lounge chairs, tables, DJ booth, the land, fully equipped kitchen, manager’s office with office computers, table and chairs, staff rooms, cold rooms, beautifully designed toilets for male and female, spacious storage rooms.
Facilities Overview
A two-story building with a 96 Sq. meter cold room, a fully equipped kitchen, two fully equipped bars, and an owned land of 1,928 sq. m. of land (more than 3 plots of land) in the western part of the city.
Capitalization Overview
- Currently, we owe no debts.
- The business is fully funded by the proprietors.
- The business is owned by two business partners with equal shareholding.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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