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Successful Established Restaurant In Cape Town For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R4,500,000
Sales Revenue:
R6,200,000
Cash Flow:
R500K - R1.5M

This very successful business will suit a couple or business partners with complementary skills.

The business has shown a positive growth trajectory since its inception. It only trades in the daytime offering a good lifestyle for owners and staff.

The restaurant is well known for its exceptional food, outstanding service, and relaxed beautiful surroundings.

The restaurant is fully licensed and has a small busy retail shop.

Property Information

Real Estate:

Lease

Lease Terms:

5 years with option

Leasehold Rent:

570 000 per annum

Location:

.Well located with easy access and ample onsite parking

Premises Details:

Fully fitted restaurant and deli with two kitchens and spaciously laid out. Seating both inside and out. Approx 120 seater.

Business Operation

Expansion Potential:

The restaurant is bustling and continues to attract new customers daily. While certain items are bought in there is potential to produce more inhouse. The outside catering division presents a large growth opportunity should one wish to pursue this avenue.

Competition / Market:

The business is unique in the area.

Reasons for selling:

Owner retiring

Trading hours:

day time, seven days a week

Employees:
15
Years established:
5

Other Information

Support & training:

Work with buyer for an agreed period

Furniture / Fixtures value:
R1,400,000
Inventory / Stock value:
R60,000