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Lucrative 60's Diner Restaurant In Jeffreys Bay For Sale

Jeffreys Bay, Eastern Cape, South Africa
Asking Price:
R1.5M - R3M Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Undisclosed
Cash Flow:
Not applicable

Read the add carefully, this is an amazing deal and could be the opportunity you have been looking for. All of the property prices are negotiable.

The following investment opportunities awaits in the stunning BEACHFRONT Property of the Dolphin View Building. A mere 30 steps from the blue status main beach and the famous Supertubes Waterpark in the beautiful town of Jeffrey’s Bay, which has a rapidly growing population, is an extremely popular holiday destination and hosts the WSL (international surfing competition) yearly.

The building in centrally located near the Surf Village which boasts a wide range of retail and factory stores for patrons of all kinds, the mall, schools and other essential services and businesses.

The following is all for sale individually, but a package deal is preferred and will entail a discounted price.
Ground Floor
1) 60’s Diner Restaurant – R1 700 000
2) The restaurants retail space – R2 200 000
3) Retail space – R750 000
4) Retail space – R750 000

Second Floor
1) 3 Bedroom (all en-suite) Sea View Apartment. – R3 200 000

(Each property is on a separate title deed)

Details:

1) 60’s Diner
The restaurant is a one of a kind, with 60’s themed décor and memorabilia captivating patrons from the get-go.
Fully licensed and operating since 2020 the business is well established with good growth and a loyal existing customer base.
The restaurant can easily accommodate 120 pax in its spacious dining area, full bar and outside decking area with amazing ocean views. It's also a popular venue for events, birthdays and weddings.
Current trading hours is only from 8am to 6pm, which provides opportunity to increase turnover if trading hours are extended.
The restaurant also enjoys sole right to food provision at the Supertubes Waterpark across the road.
*All necessary zoning, fire safety compliance and liquor licenses in place*

The restaurant includes: (full asset list available on request)
- All furniture & equipment
- One month running stock
- Fully equipped kitchen
- Milkshake and ice-cream station
- Walk in fridge & freezer
- Surveillance system
- Bathrooms & Handicap bathroom (building is handicap accessible)
- Ample parking

The sale price includes all the assets, inventory and goodwill. Full ‘after sales’ training is also available by the owner upon request.
Financial statements are available upon request.

2) Restaurant retail space:
The 188sqm retail space of the Diner consists of a dining area, bar, kitchen and storage room.
Approximately 100sqm of the communal space includes additional dining area and the decking area which is available and occupied solely by the Diner.

3) Retail Space:
The 55sqm retail space is currently occupied. It consists of a large floor space and a separate kitchen.

4) Retail Space:
The 45sqm retail space is currently occupied. It consists of a waiting area and four separate rooms.

1) Second floor apartment:
The 229sqm unit offers a spacious and modern open plan kitchen, dining room and living room area.
3 En-Suite bedrooms, one with ocean view, and an additional guest toilet.
The large, enclosed balcony and braai area offer a spectacular view of the ocean.
The apartment offers 2 basement garages and 2 parking bays.
The building is equipped with an elevator.

Property Information

Real Estate:

Real Property Included

Location:

32 Diaz Road Jeffrey's Bay Main Beach,
Right opposite the Jeffrey's Bay Main Beach.
Supertubes Park

Premises Details:

Prime location,
Toilet Facilities
Wheelchair Friendly
Can accommodate up to 150 pax.
Wedding & Function Venue
Restaurant size +/_ 188 sqm
Unit size +/_ 229 sqm
Basement parking (Double Garage & 2 Parking Bays

Planning Consent:

None

Business Operation

Expansion Potential:

Yes ample opportunity to expand.

Competition / Market:

None is specific as we are unique.

Reasons for selling:

Retiring

Trading hours:

8:00 to 18:00 Monday to Sunday

Employees:
10
Years established:
4

Other Information

Support & training:

Yes

Financing available:

No

Furniture / Fixtures value:
R500,000 - included in the asking price
Inventory / Stock value:
R80,000 - included in the asking price