This business presents an excellent opportunity to acquire a long-established yet contemporary bistro with a captivating ocean view. The restaurant is highly regarded, consistently ranked as the number one restaurant in the area on TripAdvisor, and has a growing number of partnerships with hotels, guest houses, and tour agencies. This is an opportunity for an acquirer to own one of the most iconic and famous restaurants in South Africa.
- Asking Price:
- R17,750,000 Furniture / Fixtures included
- Sales Revenue:
- R34,100,000
- Cash Flow:
- R3,900,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
4 year lease, with 5 year renewal option in place.
- Leasehold Rent:
-
R4,450,000 per annum
- Location:
-
A contemporary seaside bistro with a captivating ocean view.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Very good, recently increased seating and deliveries.
- Reasons for selling:
-
Other business commitments / Early retirement.
- Trading hours:
-
08:00 - 22:00, 7 Days a week.
- Employees:
- 68 - 72
- Years established:
- In business for over 30 years.
Other Information
- Support & training:
-
To be provided.
- Inventory / Stock value:
- R400,000
