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Departmental Store And Restaurant Property Included Garden Route For Sale

Garden Route, Western Cape, South Africa
Asking Price:
R10,800,000 Furniture / Fixtures included
Sales Revenue:
R6,800,000
Cash Flow:
R750,000

Landmark Business with Commercial and Residential Property For Sale.
Extensive product range retailer - gifts, clothing, decor, leather, shoes, swimwear, kiddies range, etc.- including restaurant, liquor license (on site consumption). Property (+900 sqm) included in sale. Prime location with views, ample parking and a semi-detached luxury owner's residence. Second retail store/branch in neighouring coastal town 95km away.
This 553 sqm retail business has various departments ranging from decor, clothing (ladies, mens and kiddies) footwear, leather goods, kitchen, swimwear, small furniture and accessories. The business sale includes a restaurant with wooden deck (275 sqm) and owner's semi-detached luxury residence of 435 sqm. in addition, there is a second outlet in the adjacent coastal town (95 km away) that is newly renovated and trades from leased premises selling products from the same range as the main outlet.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

4 Bedroom Luxury home that can be utilised as long or short term accommodation (BnB) or owner's accommodation.

Location:

Landmark Business in a highly desirable Coastal Town on the Garden Route. Located on main route to CBD with high visibility.

Premises Details:

More than 900 sqm. including retail store, restaurant and residential component. Residential portion can be used to generate income (long term rental or BnB) or provide luxury accommodation for the owner.

Size in square feet:
Around 435m2
Planning Consent:

Commercial and Residential Zoning

Business Operation

Expansion Potential:

Various expansion & growth opportunities await the passionate retailer, restaurateur or property investor.
Ample scope for growth in terms of the restaurant in particular, offering of take-away and evening trade.
The premises lends itself to various applications that will likely offer higher returns than the current configuration.
Location, layout and ample private parking.

Competition / Market:

One of a kind! Similar offering and product mix will be very hard to find!
The main outlet is unrivaled in this coastal town in terms of range, location (landmark store) product mix and size. There are smaller competitors offering similar products as per the different departments but he total offering of this business is rather unique.

Reasons for selling:

Retirement/Health related

Trading hours:

Mo - Fri 09:00 - 17:00. Sat 09:00 - 14:00. Holidays Only Sun 10:00 - 13:00.

Employees:
9 F/T. 11 P/T primarily during peaks
Years established:
39

Other Information

Support & training:

4 Weeks at no cost.
The seller will not be moving out of the area and will be available for consultation after take-over.

Furniture / Fixtures value:
R750,000 - included in the asking price
Inventory / Stock value:
R2,500,000
Website:
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