086 1222 021

info@scsgroup.co.za

Price Range: From To

Popular Seafood Restaurant For Sale

R2,000,000

Business Description

This is a well-known restaurant in Cape Town that serves a variety of great prepared food dishes. Their menu focuses on fresh seafood primarily however, they are also are highly praised for their other meat and vegetarian menu items. This restaurant has excellent reviews and a very loyal local and international following.

This restaurant has earned a reputation in Cape Town for excellent food and quality of service that is only found amongst fine dining restaurants. The restaurant is positioned in one of Cape Town’s most popular and trendy streets making it easily accessible to the tourist and local community in Cape Town.
The restaurant has earned great reviews from its patrons and has received awards recognizing their success. This all adds to a restaurant with a great brand and wide customer base.

Business Details

  • Property ID: JT-291
  • Price: R2,000,000
  • Turnover: R5.2mil
  • Actual Profit/Year: R536k
  • Turnover range: R4.5mil - R6mil
  • Profit range: R450k - R750k

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owners are retiring
  • Business history: The restaurant has successfully been operating for over 24 years
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 144sqm
  • Rent & lease terms: R47 162 per month plus water & electricity / Lease until 2025
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: TBC
  • Stock included in sale: No
  • Value of stock: TBC
  • GENERAL COMPANY INFO:

  • Employees: 15 staff members
  • Trading hours: Open 7 days a week
  • Support & training: Full Support and Training
  • Business Address

    • Neighborhood: Cape Town CBD
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Johan Taljaard
    0837975678
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