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Well Established Restaurant In Sough After Area For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R3,600,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R6,000,000
Cash Flow:
R100K - R500K

After 11 years of success, we're excited to offer this well-established restaurant for sale in one of Cape Town's most sought-after locations.

Location, Location, Location!

Nestled on the main road leading to both Table Mountain and Lion's Head, this restaurant enjoys exceptional visibility and high foot traffic, attracting both locals and tourists alike. Positioned in a sought-after, upmarket neighborhood, this restaurant enjoys a prime spot in one of Cape Town’s most vibrant and affluent areas, offering a unique opportunity for continued growth and exposure.

Key Highlights:

1- 11 Years of Ownership: A strong, well-recognized brand with loyal local and tourist clientele.
2- Excellent Lease: 8 years remaining on the lease, providing long-term security.
3- Prime Visibility: High exposure on the only road to two of Cape Town's biggest attractions, ensuring continuous foot traffic.
4- Amazing Local Support: A beloved destination with a loyal local following, contributing to strong, consistent business.
5- Supplier to Local Guest Houses: Trusted supplier of fresh morning pastries and bread to nearby guest houses—an additional revenue stream.
6- Addition of a separate brand available through Uber eats only for additional revenue stream.

Accolades & Recognition:

1- Top Restaurant in Cape Town: Consistently ranked among the best in the city by reputable food critics and local guides.
2- TripAdvisor Certificate of Excellence: Awarded multiple years in a row, a testament to our dedication to quality and customer satisfaction.
3- Eat Out Top 100: Listed in the prestigious Eat Out Top 100 restaurants in South Africa.
4- High Google Ratings: Consistently rated 4.5 stars or higher on major review platforms, with glowing customer feedback for both food and ambiance.
5- Featured in Leading Publications: Frequently highlighted in leading food and lifestyle magazines and blogs.

This is a rare opportunity to acquire a turn-key business in an unbeatable location with an outstanding reputation.

Property Information

Real Estate:

Lease

Lease Terms:

8 years left on the lease.

Location:

Located on the main road to Table Mountain and Lion's Head, this restaurant benefits from exceptional visibility and high foot traffic, attracting both local diners and international tourists. Positioned in a sought-after, upmarket neighborhood, this restaurant enjoys a prime spot in one of Cape Town’s most vibrant and affluent areas.

Premises Details:

A terrace accommodating 10 guests with bar counter and views of Table Mountain, an outdoor sitting area at the entrance for 25 guests, a greenhouse with fire place and sliding windows all around with 30 seats,inside area with another 36 seats and possibility to increase to 50. A Fully equipped kitchen.

Business Operation

Expansion Potential:

Possibility to supply more guest houses and hotel with baked goods and sit down volume to be increase with marketing and tour guides.

Competition / Market:

There are 13 restaurants in this block, all with different concepts and target market.

Reasons for selling:

Owned restaurants in the western cape for 18 years, time to move on.

Trading hours:

7 days, from 8am to 22h

Employees:
20
Years established:
11 years

Other Information

Support & training:

Current owner to stay on until new owner is comfortable.

Furniture / Fixtures value:
R1,500,000 - included in the asking price
Inventory / Stock value:
R100,000 - included in the asking price
Relocatable:
This business can be relocated.