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Greyton Restaurant With Air B&B For Sale

Overberg Greyton, Western Cape, South Africa
Asking Price:
R1,800,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3,793,564
Cash Flow:
R1,100,000

1. Profit & Loss (6 Months)

Period: 1 March 2025 – 31 August 2025 (Management Accounts)

Revenue

· Sales: R1,890,782

· Guest room income: R98,400

Total Revenue: ➡️ R1,989,182

Cost of Sales

· Opening stock: R110,825

· Purchases (food & drink): R645,257

· Closing stock: (R108,921)

Cost of Sales: ➡️ R647,161

Gross Profit

Gross Profit: ➡️ R1,342,021

Gross Margin: ➡️ 67% (very strong for a restaurant)

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2. Operating Expenses

Total expenses from your statement:

Expense Amount

Bank costs R13,015

Fuel R11,425

Printing R20,555

DSTV R7,194

Gas R35,215

Rent R148,315

Internet R4,794

Municipality & Electricity R89,148

Repairs & Maintenance R12,823

Salaries & Wages R172,279

Security R2,064

Phone R10,973

Entertainment R164,120

Insurance R48,990

Total Expenses: ➡️ R740,914

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3. Net Profit

Profit for the 6-month period:

➡️ R601,107 (R100,184) Ave Pm

Estimated Annual Profit

If similar for the rest of the year:

➡️ R1,202,214 per year (R100,184) Ave Pm

That is a very good profit margin for a restaurant.

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4. Key Ratios

Metric Result

Annual revenue estimate ~R3,978,000

Net profit margin ~30%

Labour cost ~9%

Rent ratio ~7%

Most restaurants target about 10% net profit, so this is exceptionally profitable.

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5. Business Valuation

Restaurants are usually valued at:

·

Value (3×) ➡️ R3,606,642

Most probable selling price:

➡️ ≈ R3.0M NEG

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7. What Can Increase the Value

The price could be higher if:

· Liquor license (already in place)

· Long lease in place

· Equipment included (Already included)

Property Information

Real Estate:

Lease

Lease Terms:

Can be negotiated with landlord 5 years.

Leasehold Rent:

R148,000 per annum

Living Accommodation:

3 Bedroom House.
2 Bedroom Air B&b.

Location:

Very Good Location in the Town.
Included in the rental of the restaurant (3 bed house and 2 bed air b&b) +-R26k rent everything included

Premises Details:

Leased Property

Size in square feet:
Available on request.
Planning Consent:

Can be discussed with landlord.

Business Operation

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

Breakfasts, and Pizza on menu.

Competition / Market:

Other Restaurants

Reasons for selling:

Owner must relocate because of personal family reasons.

Trading hours:

Tuesday 3–10 pm
Wednesday 3–10 pm
Thursday 3–10 pm
Friday 11 am–10 pm
Saturday 11 am–10 pm
Sunday 11 am–3 pm
Monday Closed

Employees:
3 to 4 depends on busy times.
Years established:
8

Other Information

Support & training:

1 Month Handing Over Period.

Financing available:

Owner Finance can discussed with deposit of 50 to 60 %.

Furniture / Fixtures value:
R400,000 - included in the asking price
Inventory / Stock value:
R80,000 - included in the asking price
Home based:
This business can be run from home