Great location on the ever-expanding North Coast. Situated in shopping center at a junction just off the highway and close to sea and all other amenities the area has to offer. Lots of parking available.
- Asking Price:
- R500K - R1.5M
- Sales Revenue:
- R3M - R8M
- Cash Flow:
- Not applicable
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
5yrs, renewable for another 5yrs.
3.5yrs left on lease
- Leasehold Rent:
-
R650,000 per annum
- Location:
-
Situated in a shopping center. Only bar and restaurant, other food outlets include franchise takeaways and coffee shop. Close to N2 and a few km's from beaches.
- Premises Details:
-
+/-200m2, upstairs overlooking the center parking and busy intersection. All undercover woth inside and ouside deck area. Lots of parking
- Size in square feet:
- +/-200m2
Business Operation
- Expansion Potential:
-
The center has plans to almost double in size within next 5 years. Possibility to add a sunset deck.
- Competition / Market:
-
The center has a coffee shop and two other franchise take away stores, no pub or restaurant competing.
- Reasons for selling:
-
Owner has other outlets in the area and doesn't have the time required to put into the business take it where it needs to be.
- Trading hours:
-
Mon - Sun
11am - 10pm
- Employees:
- +/-20
- Years established:
- 18months
Other Information
- Support & training:
-
TBA
- Furniture / Fixtures value:
- R1,300,000
- Inventory / Stock value:
- R150,000
