Official COVID-19 Information: www.sacoronavirus.co.za
Official COVID-19 Information: www.sacoronavirus.co.za
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LocationSouth Africa, Western Cape

Sector - Food

Asking Price
R 1,100,000
Monthly Profit
R 76,408
Asset Value
R 560,000
Stock Value
R 200,000
Yearly Net Profit
R 916,896

Summary

A long established Mediterranean styled restaurant in prime position in a large Garden Route town. Seats 102 with a very cosy and vibrant atmosphere, good cuisine and an extensive wine list. A profitable business and comes highly recommended.

Give me more information

Fully describe the business's activities?

Restaurant with a European Mediterranean flavour, long established and in a prime position on a busy main road of the town.

How does the business operate on a daily basis?

Monday to Fridays: 12 pm to 2.30 pm
5 pm to 9.30 pm
Saturdays: 5 pm to 9.30 pm

What Advertising/Marketing is carried out?

Face book
Instagram

What competition exists?

There are other restaurants in the area, but all with their own specific offering.

How could the profitability of the business be improved?

Currently the Owner does not open for breakfasts.
A new Owner may wish to extend the trading hours as the available clientele is there.

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

A structure is in place with front of house manager.

Do any have management potential?

Yes, the current Front of House Manager does have development potential.

How involved is the Owner in running the business?

On a daily basis overseeing the general management of the business.

When does the current lease end?

August 2024.

What are the trading hours?

Monday to Fridays: 12 pm to 2.30 pm
5 pm to 9.30 pm
Saturdays: 5 pm to 9.30 pm

What are the main assets of the business?

All the necessary gas stoves, fridges, fixtures and fittings are in very good condition.
There is a generator which powers the extractor fan, Bain Maree, POS System, credit card machine, microwave, salamander, signage and front lights.
Crockery, cutlery,glassware, kitchen equipment.

Strengths?

Location, location set in a stunning cosy cottage type environment in prime position on busy main road surrounded by long established business's
Established for 17 years with long serving staff.
Excellent Trip Advisor reports on web.
Business is able to trade through load shedding and excellent systems in place.
Very Loyal repeat customer base.

Weaknesses?

Not trading at full capacity at this stage so can open incremental hours if desired.

Opportunities?

The main opportunity would be to open incremental hours.

Threats?

There are no obvious threats known of.

What is the reason for the sale?

The Owner feels that after running the business successfully for so many years they would like to retire in the not too distant future, hence the reason for placing this successful business onto the market.

Location

Contact | Enquire

Noel

Noel Heath

LocationSouth Africa

Preferred method of contact

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