021 552 1018

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Business Description

This business presents an excellent opportunity to acquire a long-established yet contemporary bistro with a captivating ocean view. The restaurant is highly regarded, consistently ranked as the number one restaurant in the area on TripAdvisor, and has a growing number of partnerships with hotels, guest houses, and tour agencies. This is an opportunity for an acquirer to own one of the most iconic and famous restaurants in South Africa.

Business Details

  • Price: R17,750,000
  • Turnover range: +/- R34 100 000
  • Profit range: +/-R3 900 000

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Other business commitments / Early retirement
  • Business history: In business for over 30 years.
  • Expansion potential: Very good, recently increased seating and deliveries
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 4 year lease, with 5 year renewal option in place
  • Rent & lease terms: Rent: +/- R4 500 000 p.a.
  • ASSETS AND STOCK:

  • Assets included in sale: All assets included, going concern sale
  • Value of assets:
  • Stock included in sale: Selling price excludes stock.
  • Value of stock: +/-R400 000
  • GENERAL COMPANY INFO:

  • Employees: 68 - 72
  • Trading hours: 7 Days a week, 08:00 - 22:00
  • Support & training: To be provided.
  • CONTACT BUSINESS AGENT
    Anton Kotzee
    antonkotzee
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