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Seafront Eatery & Cocktail Bar For Sale

Hermanus, Western Cape, South Africa
Asking Price:
R2,300,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3M - R8M
Cash Flow:
R500,000

Mediterranean Eatery and Cocktail Bar situated on the Village Square at the waterfront of Hermanus in the Western Cape.
The restaurant, being the central point for the seasonal whale watching experience has established itself as a highly popular centre for dining, entertainment, shopping and tourism. From its elevated position, the venue boasts most attractive uninterrupted views over Walker Bay where the window bays and outdoor terrace are the most popular seating with diners.

Menu offerings range from authentic Greek Gyros, Sicilian Calamari salad, Moroccan Hummus and Lebanese Tabouleh to Turkish Kebabs and a selection of traditional Pizzas.
At the bar, in addition to the timeless favorite cocktails, the offering of chilled sangrias and authentic spirits such as the Greek Ouzo, Turkish Rake and the Venetian Aperol Spritz form part of the cocktail menu. Highly popular are their daily Happy Hours. This venue is 100% weather friendly.

If interested, please contact us by filling the form given below.

Property Information

Real Estate:

Lease

Lease Terms:

5 years plus 5 years extension option (1st term ends 30 September 2024)

Location:

Situated in the upstairs section of the Hermanus seafront Village Square with other popular eateries, ample parking and uninterrupted views over the bay and old harbour

Premises Details:

Newly renovated, open seating Mediterranean with feature cocktail bar.

Size in square feet:
365 m²
Planning Consent:

Zoned commercial or restaurant use with full liquor licence

Business Operation

Expansion Potential:

Further penetration into the wedding market and tour hosting venue, 7 days operation, breakfast service.

Competition / Market:

Surrounding restaurants for lunch and dinner seats, whilst The Wine Glass competes for their evening Happy Hours / Cocktail.

Reasons for selling:

Owner's health

Trading hours:

Closed Mondays
Tuesday - Saturday 11h00 - 23h00
Sunday 11h00 - 17h00

Employees:
13
Years established:
1

Other Information

Support & training:

A full hand over training will be provided by the seller

Furniture / Fixtures value:
R1,247,268 - included in the asking price
Inventory / Stock value:
R120,000 - included in the asking price

Contact Information

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