Explore an exceptional business for sale in the heart of the Garden Route—a vibrant pub and restaurant renowned for its unique blend of entertainment and hospitality.
Centrally located on the Garden Route, this establishment enjoys high visibility and foot traffic, making it a popular destination for both locals and tourists.
The business features live music events that attract a diverse clientele, creating a lively atmosphere that sets it apart from typical pubs and restaurants. In addition, slot machines add an extra layer of excitement, drawing in customers and boosting revenue.
The establishment benefits from unwavering loyalty from the local community, ensuring a steady flow of customers year-round.
The seller is open to discussing seller financing; however, the buyer must have their own capital to cover 70% of the asking price to proceed with negotiating terms.
The establishment currently accommodates five gambling seats, with an additional pre-approval for fifteen more seats pending finalization by the buyer.
The property is owned by the seller, who is offering the new owner a secure 5-year lease agreement with the option to renew.
Should the buyer be interested in purchasing the property instead, it is available for sale at R10 million.
This opportunity is perfect for an entrepreneur with a passion for the hospitality and entertainment industry looking to step into a well-established and vibrant business.
Seize this chance to own a dynamic pub and restaurant where the energy never fades.
The seller is looking to sell his interest in the business, and the asking price includes a net asset value of R307,400 (R150,000 stock and R157,400 assets).
