Filters
LocationSouth Africa, Eastern Cape

Sector - Food

Asking Price
R695,000
Monthly Profit
R 77,891
Asset Value
R 807,000
Stock Value
R 20,000
Yearly Net Profit
R 934,693

Summary

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!!

Give me more information

Fully describe the business's activities?

A family-run restaurant with an Art Gallery established in 2007 with a well-designed menu targeting the needs of the local community and holiday visitors in season.
The activities of this restaurant is typical to that of a normal restaurant, with early morning stock-taking of fast moving stock, placing orders and preparing for dishes as per the menu.

How does the business operate on a daily basis?

Staff enter at 7:30am, do daily stocktaking of fast moving stock, place orders as requested , prepare and serve meal as per menu.

What Advertising/Marketing is carried out?

Social media, local banner and runner advertising, word of mouth and periodic specials.

What competition exists?

Limited competition from other local restaurants.

How could the profitability of the business be improved?

Longer trading hours especially over weekends and public holidays.

Give a breakdown of staff/ functions/ length of service?

As above

Do any have management potential?

The supervisor and head waiter show excellent managerial skills.

How involved is the Owner in running the business?

The owner is 100 % involved in the running of business.

When does the current lease end?

The current lease expires in December 2019, but the tenant has first refusal to renew his contract.

What are the 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.

What are the main assets of the business?

The main assets is the loyal staff and local patrons that support the business.
The restaurant has a charm of it's own, the menu is well designed and proper costing is done on the offering.

Strengths?

This business is well established and the owner boasts with 30 years in the food and restaurant business.
This business is established, well situated and profitable with a seating capacity of 150 seats. The seller guarantees his out of season turnover (averaged)
This restaurant is not franchised which is the ideal business for someone with a creative flair in the cooking and entertaining environment.

Weaknesses?

This restaurant /Art gallery is situated in a coastal town on the Sunshine Coast resulting in seasonal trends.

Opportunities?

Great opportunity for a creative chef and entertainer. The business is well established, profitable with special offerings on certain evenings which is well supported by the community.

Threats?

This business is compliant in every respect and high health and Hygiene standards are maintained.

What is the reason for the sale?

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

Location

Contact | Enquire

Willem

Willem Smuts

LocationSouth Africa

Preferred method of contact

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