086 1222 021

info@scsgroup.co.za

Price Range: From To

Established and Well Located Restaurant For Sale

R3,950,000

Business Description

Established and very popular Restaurant in Hout Bay. The business benefits from local support but also from tourists and especially the “swallows” that flog to Hout Bay in the European winter months. Based on the main road in Hout Bay, the restaurant is very visible and also benefit from walk in clients on a daily basis.

The business has a separate function venue at the back with its own bar, stage, dance floor etc that is perfect for smaller functions like birthdays. The restaurant also has a kiddies area so it caters for the whole family. Current owner will do a proper handover once the sale is finalised. Highly Recommended!

Business Details

  • Property ID: CO081
  • Price: R3,950,000
  • Turnover: R5.07mil
  • Actual Profit/Year: R1.83mil
  • Turnover range: R4.5mil-R6mil
  • Profit range: R1mil-R2mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owner has other business interests
  • Business history: +/9 Years
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 180– 200 seater
  • Rent & lease terms: Very good monthly rental, +/-7% of Turnover
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: To be confirmed
  • Stock included in sale: No
  • Value of stock: +/- R80k to R100k
  • GENERAL COMPANY INFO:

  • Employees: 7 Kitchen Staff and 8 Waiters and 1 Barman
  • Trading hours:
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Hout Bay
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Corné Oosthuizen
    0796934220
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