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Established Restaurant Hermanus For Sale

Hermanus, Western Cape, South Africa
Asking Price:
R3,250,000 Furniture / Fixtures included
Sales Revenue:
R6,500,000
Cash Flow:
R1,200,000

The restaurant is situated on the cliff top, overlooking the bay. With the newly built open-air amphitheatre just below and the historical old harbour beneath the cliff, the restaurant is proving to be a very popular spot with stunning views over the Walker Bay.

Seating outside can accommodate up to 100 patrons and inside 40.

The menu offers breakfast, starters, something light, hamburgers, seafood, a few meat options, curries, pasta and salads. The menu also includes kiddies meals, cakes & desserts, and a range of hot and cold beverages. Drinks include local wines and house wines, sparkling wines, beers and ciders, cocktails, liqueurs and spirits.
Takeaways are offered and the restaurant is pet and child friendly.

Due to the prime location the restaurant is very well supported by tourists and visitors to the area, contributing about 60% of turnover.

Property Information

Real Estate:

Lease

Leasehold Rent:

R852,000 per annum

Location:

Excellent Location

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Various expansion possibilities

Reasons for selling:

Relocating

Trading hours:

7 days per week

Employees:
Staff compliment depends on season as the restaurant is obviously busier in summer than winter. In peak season, summer, 20 waiters are used and out of season 11. Permanent staff: 1 x scullery 3 x kitchen & cooks 1 x barista 5 x waiters 1 x kitchen manager Owner is responsible for general management.
Years established:
More than 10 years

Other Information

Support & training:

Yes

Inventory / Stock value:
R100,000