Ref. No - BFS937291

LocationSouth Africa, Western Cape

Ref. No - BFS937291

Sector - Food

Asking Price
R2,735,000
Monthly Profit
R84,163
Asset Value
R 2,021,890
Stock Value
R 185,000
Yearly Net Profit
R 1,009,951

Summary

A rare opportunity to own a well-established eatery in the Garden Route. It offers a unique and versatile dining experience with multiple seating options: Cozy indoor seating for an intimate fine dining experience Scenic veranda perfect for relaxed dining Upstairs balcony with great views over the city and ocean Outdoor braai & pizza area for a casual, social vibe With a reputation for exquisite Mediterranean style cuisine, this restaurant caters to both locals and tourists, offering a curated wine list, handcrafted cocktails, and a warm, inviting ambiance. Prime location with high visibility and foot traffic Well-stocked bar and wine selection Established customer base and excellent reviews Whether you're an aspiring restaurateur or an investor looking for a turnkey business, this is your chance to own a renowned restaurant in one of South Africa’s most sought-after destinations! For more details or to arrange a viewing, contact us today!

Give me more information

Fully describe the business's activities?

Sit-down Restaurant with On-site and Off-sales liquor rights,

How does the business operate on a daily basis?

Open daily for operations and bookings for fine dining.

What Advertising/Marketing is carried out?

Mainly thru Facebook

How could the profitability of the business be improved?

The potential is there to extend operating hours and to utilise various open areas for catering for functions.

Do any have management potential?

Yes

How involved is the Owner in running the business?

The owner is very much hands-on and involved with the daily operation, but staff are able to keep the operation going for a period of time without the owners presence.

When does the current lease end?

Current lease ends at the end of 2025

What are the trading hours?

Current trading hours from 9h00 to 21h00

What is the square meters of the business?

+- 250 square meters with various seating arrangements.

There are seating for 60 people inside the restaurant and there are additional seating available on the Veranda and on the 1st floor balcony. There are also an outside area available for further development.

Do you require a licence?

The company do have an on-site and off-sales liquor license

What are the main assets of the business?

1. Furniture and Fixtures
2. Solar and Inverter power supply
3. IT and Computer Equipment

Are any items not included in the sale?

All assets are included

Strengths?

Well known and established restaurant

Weaknesses?

None

Opportunities?

Opportunity exist to extend business hours
Allow for catering for private functions
Develop outside area with braai and pizza facilities

What is the reason for the sale?

Owner has other business interests and with small children want to scale down on after hour operations.
Location

Contact | Enquire

Jan

Jan Badenhorst

LocationSouth Africa, Western Cape

Preferred method of contact

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