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Established and Profitable Restaurant and Art Gallery in Coastal Town for Sale Price: R1,770,000* Listed For: SALE Location: South Africa ,Eastern Cape Sector: Food

Established since 2007, an icon in the coastal town, well loved and supported by local residents.
Netting on average R 78 000 per month and priced to sell!!

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QUICK INFORMATION

Listed For : SALE
Type : Broker Listing
Selling Price: R1,770,000*
Asset value: R807,000
Stock value: R20,000
Yearly Net Profit: R934,693
Monthly Lease : R9,180

Trading Hours:

Mondays closed.
Tuesday 8 till 4 pm.
Wednesday 8 till 2 pm.
Thursday 8 till 4 pm.
Friday 8 till late.
Saturday and Sunday 8 till 2 pm.

Reason for sale: The owner wishes to retire after 30 years in the hospitality industry. He is a serious seller and has marked his business to sell.

CONTACT

Willem Smuts

27823323772

willem@aldes.co.za
Willem completed a B.Comm. Degree and his articled at a Cape Town firm of accountants in the late1980’s. Thereafter, for numerous years he has been involved with financial and management accounts of various businesses and franchises.

During this period, he developed skills in negotiating with management, attorneys and bankers in sourcing financing, structuring businesses and drafting of contracts and reports. Willem also owned a grocery retail outlet for several years where he exercised these skills. Willem furthermore has a solid understanding of business principles, as well as the analyzing and interpretation of financial results.

Willem has joined Aldes for the Port Elizabeth and Greater Eastern Cape area. He undertakes to give his best service to prospective buyers and sellers.
To sellers, in these testing times, good mandates are few and far between and sell at a premium. If your business is producing a profit that can be verified and you expect a market related price, I look forward to hearing from you.
To buyers, please ensure you have the skill, passion and required resources to buy the business. Please contact us.