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Established Hospitality Business (licensed) In Cape Town For Sale

Cape Town - Western Suburbs, Western Cape, South Africa
Asking Price:
R1,950,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R5,033,000
Cash Flow:
R871,200

Popular, longstanding, day time, fully licensed Med-inspired eatery, trading 7-days-a-week for breakfast and lunch with a very strong social media presence (e-commerce website included).

Functions venue, with functions being hosted every weekend and some week nights. The venue is very popular for private functions and gets booked up well in advance.

Full offsite catering service: Corporate and party platters and other venue set ups such as harvest tables and 3 & 4 course meals at other venues.

Great opportunity for a chef or caterer who would like a base to work from and adapt/keep/expand the existing offering. The business is not ideal for someone who has no idea about catering or a family (unless the family are caterers).

Includes stock of ± R50 000.

Price is LSB.

SOLE MANDATE.

Property Information

Real Estate:

Lease

Lease Terms:

Lease expires 31.8.2026.
Lease escalation 9%.

Leasehold Rent:

R463,380 per annum

Business Operation

Reasons for selling:

To pursue other activities

Trading hours:

Monday to Friday 08h00 - 17h00.
Saturday 09h00 - 16h00.
Sunday & Public Holidays 09h00 - 15h00.

Employees:
9
Years established:
18

Other Information

Furniture / Fixtures value:
R1,000,000 - included in the asking price
Inventory / Stock value:
R50,000 - included in the asking price