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Upmarket Seafood & Sushi Restaurant For Sale

R6,450,000

Business Description

An upmarket contemporary seafood, sushi and steak restaurant that is located in one of the leading lifestyle centres in the Northern Suburbs. The business enjoys great support from the local community and has been in existence for the past 10 years.

The restaurant is known for its friendly and relaxed atmosphere coupled with a wide variety of excellent dishes, supported by a best in class wine list. Great location and highly recommended!

Highly Recommended!

 

Business Details

  • Property ID: CO041
  • Price: R6,450,000
  • Turnover: R11.65mil
  • Actual Profit/Year: R2.05mil
  • Turnover range: R10mil+
  • Profit range: R1 mil - R3 mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owner wants to pursue other business interests
  • Business history: 10 years
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: Total area including veranda and deck +/- 500m². Inside leasable area is 285m²
  • Rent & lease terms: R99 152 per month incl water & lights / Recently renewed for 5 years. Renewal option for a further 5 years.
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: TBC
  • Stock included in sale: No
  • Value of stock: +/-R150 000
  • GENERAL COMPANY INFO:

  • Employees: Two Managers, 3 Sushi Chefs, 15 Waiters and 25 Kitchen Staff
  • Trading hours:
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Northern Subburbs
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Corné Oosthuizen
    0796934220
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