Positioned within one of Hillcrest's large, secure residential estates comprising over 600 residential units, this well-established restaurant and bar enjoys a substantial captive customer base while simultaneously attracting a growing external clientele.
Tastefully designed and professionally fitted out, the business offers an inviting atmosphere, strong community support, and multiple revenue streams. With an asking price significantly below the estimated replacement setup cost of approximately R1.5 million, this represents exceptional value for an owner-operator or hospitality investor seeking an established operation with immediate upside potential.
The current owner operates the business with minimal day-to-day involvement and has decided to retire, creating an attractive opportunity for a hands-on operator to unlock additional growth.
BUSINESS HIGHLIGHTS
✅ Located within a secure, high-density residential estate with over 600 units
✅ Strong captive market with established external customer following
✅ Fully licensed restaurant and bar with full liquor licence
✅ VAT Registered
✅ Dedicated pub and bar area
✅ Live music permitted
✅ Established breakfast, lunch and dinner trade
✅ Delivery service operating within the estate
✅ Special event and function venue catering for:
Birthdays
Rugby events
Halloween celebrations
Community functions
Private gatherings
✅ Comprehensive POS reporting available
✅ Option to acquire the existing PTY company, including the liquor licence
EXCELLENT VALUE PROPOSITION
Purchase Price
R720,000
Included in Sale
All furniture
Fixtures
Kitchen equipment
Restaurant fittings
Bar equipment
Décor and improvements
Replacement Cost
Approximate setup and fit-out value: R1.5 Million
This presents buyers with the opportunity to acquire a fully operational hospitality business at less than half of its estimated replacement cost.
Ownership Structure Absentee/Minimal Involvement
A hands-on owner-manager has the potential to:
Improve operational efficiencies
Increase trading days
Expand marketing initiatives
Increase event-based revenue
Enhance liquor sales
Grow delivery services
SEATING CAPACITY
Indoor Dining
30 Seats
Covered Outdoor Seating
30 Seats
Outdoor Patio Seating
30 Seats
Total Capacity: Approximately 90 Patrons
The combination of indoor and outdoor dining areas accommodates casual dining, social gatherings, sporting events, and special occasions throughout the year.
FAVOURABLE LEASE
One of the business's major strengths is its exceptionally affordable occupancy cost.
Monthly Rental
Approximately R12,000 per month
Lease Position
The landlord has indicated willingness to extend the lease for a further 2-year term, providing continuity and security for an incoming operator.
This favourable rental structure significantly contributes to the business's profitability.
GROWTH OPPORTUNITIES
The current business trades from Wednesday through Sunday, with operations largely managed by staff.
A new owner could potentially increase revenue by:
Extending Trading Days
Opening seven days per week may unlock additional breakfast, lunch and dinner trade.
Greater Owner Involvement
Active management can improve margin control and customer engagement.
Estate Marketing
Further penetration of the estate's resident market.
Expanded Delivery Service
Scale existing delivery operations throughout the estate community.
Sports & Entertainment Events
Additional themed evenings, live music events and televised sporting functions.
Seasonal Promotions
The upcoming festive season offers an ideal opportunity to capitalize on increased dining and entertainment demand.
WHY THIS BUSINESS STANDS OUT
This is not a turnaround opportunity requiring substantial capital investment. It is a well-presented, fully operational business with:
Attractive décor
Modern fit-out
Established customer base
Proven trading history
Strong estate presence
Favourable rent
Full licensing in place
Significant replacement value
Immediate operating capability
The foundations are firmly in place. The next owner simply needs to bring energy, hospitality expertise and hands-on management to realise the business's full potential.
IDEAL BUYER PROFILE
This opportunity is ideally suited to:
Owner-operators seeking lifestyle and income
Hospitality professionals wanting to own their own venue
Couples looking for a family-operated business
Existing restaurant operators seeking expansion
Investors looking for an established hospitality asset with growth potential
REASON FOR SALE
The owner wishes to retire after successfully operating the business with limited day-to-day involvement. This genuine sale presents an opportunity for a new owner to take over a well-established operation and build on its existing success.
