021 552 1018

info@scsgroup.co.za

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Iconic West Coast Eatery For Sale

R3,500,000

Business Description

An iconic Beachside Eatery that represents everything about Wes-Kus hospitality. No-nonsense everyday food, especially sea-food, Generous portions, Gesellige bar, friendly service and a great view over the bay from directly on the beach.
The establishment attracts a steady demand from the adjacent hotel resort as well from day tourists and locals.
The business is fully management run with long-serving motivated staff.

Business Details

  • Property ID: PER201
  • Price: R3,500,000
  • Turnover: R14.5mil
  • Actual Profit/Year: R1.2mil
  • Turnover range: R10mil+
  • Profit range: R1mil-R2mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owner emigrating
  • Business history: 5 years
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 400 sqm, 180 seater fully equipped restaurant
  • Rent & lease terms: The existing lease has a further 3 years to run. Thereafter renewable by negotiation with Landlord
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: R2.4 million at cost price, R1.1 million at current book value
  • Stock included in sale: No
  • Value of stock: R600 000
  • GENERAL COMPANY INFO:

  • Employees: 37 (up to 50 in season)
  • Trading hours: 9am –12am—7days/wk. Serving breakfast, lunch and supper
  • 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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