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Award Winning Restaurant For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R9,900,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R8M - R15M
Cash Flow:
R3M - R8M

On offer is one of Cape Town’s top fine-dining restaurants, together with the purpose-built property that houses this award-winning establishment. The owner is selling the going concern and the property as a simultaneous package.

This award-winning Cape Town restaurant is ideally suited to buyers with a background similar to the current owner - a master chef and astute businessman - or to a chef who will manage day-to-day operations backed by an investor seeking exposure to a highly desirable commercial property in the lucrative Cape Town market.

The restaurant’s ambience, refined over decades, meets Michelin-standard expectations and offers strong potential for an accomplished chef.

The property also holds potential for further development.

The asking price of R9 900 000 is for the going concern only and excludes the value of the property. Total asking price for the business and the property is R22m.

Property Information

Real Estate:

Real Property Included

Size in square feet:
565 sqm plot with 362 sqm retail area
Planning Consent:

Fully compliant in terms of zoning, licenses, plans, etc.

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

The owner is retiring.

Employees:
20

Other Information

Support & training:

Included

Inventory / Stock value:
R100,000 - included in the asking price