Ref. No - BFS937622

LocationSouth Africa, KwaZulu-Natal

Ref. No - BFS937622

Sector - Food

Asking Price
R1,800,000
Monthly Profit
R90,830
Asset Value
R 624,889
Stock Value
R 100,000
Yearly Net Profit
R 1,089,958

Summary

Established & Profitable Restaurant on the South Coast with potential for growth

Give me more information

Fully describe the business's activities?

A beautiful destination on the upper South Coast for food lovers, tea drinkers, and beer enthusiasts alike. A harmonious blend of restaurant finesse, the gentle serenity of a tea garden, and the vibrant camaraderie of a beer garden, this multifaceted establishment invites guests to celebrate food, drink, and conviviality in a lush, welcoming setting, with live music on Sundays.

How does the business operate on a daily basis?

220-Seater Restaurant, tea garden, beer garden, family friendly with playground for children.
The restaurant offers two separate dining areas, one perched on a deck & the other set in the garden that includes a kids play zone with live music offered on weekends.

What Advertising/Marketing is carried out?

Website
Facebook very active

What competition exists?

No competition in close proximity.

How could the profitability of the business be improved?

More focused owner participation with new marketing ideas.
Only open from 8am - 4pm, another shift and staying open until later is an option.
Evening entertainment. For example, Quiz nights, Karaoke etc.
Live music can be extended to Friday & Saturday evenings to attract more patrons.
Offering entertainment in the mornings and/or afternoons for the older generations that enjoy the tea offerings e.g. bingo or quizzes.

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

1 x Manager
5 x Chefs/Cooks
2 x Bar Attendants
6 x Server staff
3 x Runners
1 x Scullery

Do any have management potential?

The manager may have potential.

How involved is the Owner in running the business?

Fairly involved, but not 100%.

When does the current lease end?

The option to enter into a new lease expires in March 2029.
The new owner can negotiate a new long-term lease with the Landlord, who is open to this discussion.

What are the trading hours?

Monday to Friday 08:00 to 16:00 Weekends & Public Holidays 08:00 to 16:00 - these hours are the owner's choice.
New owner can extend the hours.

What are the main assets of the business?

A detailed asset list is available to serious cash buyers.
Assets are split as follows:
Main Bar
Front End
Smoking Section
Main Deck
Office
Kids Area
Storage Room
Kitchen

Strengths?

Very well established
Well known in the area
Live music on Sundays
Profitable
Family friendly
Nothing similar in close proximity

Weaknesses?

Only real advertising is via Facebook & word of mouth
The owners also manage other businesses in addition to this one.

Opportunities?

Extended opening hours - 2 shifts, to encourage the after-work customers
Focused advertising initiatives
Evening entertainment e.g. Quiz nights, Karaoke etc.
Live music can also be extended to Friday & Saturday evenings
Opportunities to offer entertainment in the mornings and/or afternoons for the older generations that enjoy the tea offerings e.g. bingo or quizzes.

Threats?

The economy affects patrons spending.

What is the reason for the sale?

Owner relocating to the North Coast with other business interests becoming more pressing.

Contact | Enquire

Gary

Gary Gower

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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