Buying or Selling a Business in South Africa

Category: Take Aways, Pubs, Restaurants
Province: The Western Cape

This landmark restaurant is situated in a prime spot with beautiful views of False bay and the mountains. The history can be traced back as far as 1924 when it was a tea room. Customers include the regulars from all over the Cape and tourists. The menu is extensive from the full on breakfast to the memorable lunches and dinners. In winter there is always a cozy fire and always a warm and friendly atmosphere year round. Or just relax on the patio with a drink and watch the sunset over the sea. The staff have been around for many years and fully trained in all aspects of the business. The current owner is emigrating/retiring after owning it for 16 years. The equipment is modern, state of the art, up to date and in very good condition. The real walk in and be in business operation. The restaurant may be purchased seperately from the property at R3,0 Million, which will be supported by a 3 year lease. The price includes the assets and the stock. The prime property is for sale at R7 million. Owning the property with the restaurant makes it possible to live on the premises as the current owner does, and enjoy the view and the beachfront lifestyle 24/7, or if you own the property, to develop other aspects of the entertainment industry in that space. The opportunity to develop a prime backpackers lodge on the top floor is a very attactive real money making opportunity. Priced to sell quickly. The best deal you will ever do, and live the dream life right there on the beachfront. Buy the property with its successful restaurant, and run the restaurant to pay for it. ROI at present will be 19% per annum.

The owner will retire/relocate to the UK.

Many oppotunities to redeploy and utilise the space.

Carl Kleynhans

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