086 1222 021

info@scsgroup.co.za

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Beachfront Bar & Restaurant For Sale

R5,800,000

Business Description

This is a your classic beach-bar and restaurant. Located directly on this West Coast beachfront, with spectacular views across the bay. Relaxed, sophisticated atmosphere. Serving cocktails, sea food, steak, pizza and light meals. A place where you can go to get away from it all.
Established 2 years ago as a brand new, purpose-built property, the restaurant immediately made it’s mark. But the owner is now operating two busy restaurants which has proven to be taxing and he wishes to sell in order to buy himself more personal time to enjoy the West Coast lifestyle.
The establishment has a favourable lease, plenty of parking and lots of potential in this growing town.

Business Details

  • Property ID: PER164
  • Price: R5,800,000
  • Turnover: R10.9mil
  • Actual Profit/Year: R2.3mil
  • Turnover range: R10mil+
  • Profit range: R2mil-R3mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owner has two restaurants and needs more personal time
  • Business history: 2 years
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 425 square meters
  • Rent & lease terms: R60 160 per month / Remaining 3 years + 5 year renewal option
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: Replacement value R1.2 million
  • Stock included in sale: No
  • Value of stock: R300 000
  • GENERAL COMPANY INFO:

  • Employees: 32 staff members
  • Trading hours: 9am - 10pm; 7 days per week
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Cape West Coast
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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