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Successful Hospitality Business - Licensed In Milnerton For Sale

Milnerton, Western Cape, South Africa
Asking Price:
R2,500,000 Furniture / Fixtures included
Sales Revenue:
R6,096,000
Cash Flow:
R1,596,000

Popular, longstanding, daytime, fully licensed Med-inspired eatery, trading 7 days a week for breakfast and lunch with a very strong social media presence (e-commerce website included).

Functions venue, with functions being hosted every weekend and some weeknights. The venue is very popular for private functions and gets booked up well in advance.

A full offsite catering service is offered: Corporate and party platters and other venue set ups such as harvest tables and 3 & 4 course meals at other venues. This activity has grown substantially and is now 45% of turnover.

The prospective purchaser needs to be a chef or caterer who would like a base to work from and adapt/keep/expand the existing offering.

Stock extra.

Sole Mandate.

Property Information

Real Estate:

Lease

Leasehold Rent:

R532,730 per annum

Business Operation

Reasons for selling:

To spend time with family.

Trading hours:

Monday to Friday 08h00 - 17h00.
Saturday 09h00 - 16h00.
Sunday & Public Holidays 09h00 - 15h00.

Employees:
9
Years established:
19

Other Information

Furniture / Fixtures value:
R1,710,000 - included in the asking price
Inventory / Stock value:
R90,000