Located in the Eastern Cape, the bustling town of Port St Johns. The Restaurant has operated for just under 10 years and is ideally located on the banks of the Umzimbvuvu River.
There is a steady mix of patrons and one of the only two sole non franchise restaurants in town.
The Menu offers Pizza, Pasta, Grill, Vegetarian and Fresh Seafood dishes, with a Liquor Licence until late.
There is a variety of eating areas and a small children playground. Located at the entrance to town, it is ideally located. It is a up-cycled build, which has a quirky charm. The Festive Season and Annual Sardine Run bring great trade as well as platters requests, sip and paint events, baby showers and birthday parties.
- Asking Price:
- R1,100,000 Furniture / Fixtures included
- Sales Revenue:
- R3,500,000
- Cash Flow:
- On request
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
10 Year lease, renewed every 5 years.
- Leasehold Rent:
-
R156,000 per annum
- Location:
-
Entrance to town. On the banks of the Umzimbvuvu River. Port St Johns, Eastern Cape.
- Premises Details:
-
The Waterfront Seafood and Pizza Restaurant, 73 Bridge Street, Port St Johns, 5120
- Size in square feet:
- 230m2
- Planning Consent:
-
To be discussed with the landlord for potential. As permission for building and occupation is already approved.
Business Operation
- Expansion Potential:
-
Venue Hire - as late liquor licence, Expand the jetty to make floating restaurant, expand the takeaway ready meals option and more event hosting.
- Competition / Market:
-
The Outpost Pub and Grill, focuses on Sports Bar, snack baskets and Grill. KFC and Debonaires.
- Reasons for selling:
-
Owner is relocating focus to other business ventures.
- Trading hours:
-
8:00 till 9pm
- Employees:
- 13
- Years established:
- 2017
