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  • Advance Search
 
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ID: 185 Arrow SOLD BY OWNER -CAPE TOWN- WINE BAR (BUSINESS) IN SEAPOINT FOR SALE – EXCELLENT LOCATION
Financial Information
Price:  R 250,000  
Total Annual Sales:  R 600,000
Profit Before Tax:  R 197,000
Stock:  R 10,000
Assets:  R 150,000
ROI - Return on Investment:  70 %
Payback:  16 months
Category: Take Aways, Pubs, Restaurants
Province: The Western Cape
Total viewings : 450
Description
The wine bar is located in a high catchment area and feeds off street foot traffic, as well as a well from patrons of an iconic hotel. It has a wide and varied customer profile consisting of locals, tourist and hotel patrons. Their main business is from midday to late evening They focus mainly on wine sales but also serve beers and soft drinks. The business is currently very loosely managed and has major growth opportunity through focusing on focused style of customer service, cleanliness & neatness, and coordinating synergies of the hotel with the wine bar. It also has a GAAP system that it pays a monthly fee for , but does not use properly. The business has a liquor license to trade till 02.00
Business History
Form of Ownership
cc

Year Established
2009

Year of Acquisition
2009

Business Operations
Trading Hours
12.00-to late

Contract Employees
2

Reason for Sale
The current owner has had the business for a number of years and took in a partner in June 11, and they have decided to sell.
Growth Opportunities
The business needs to be spring cleaned and managed as a normal business - this business has excellent potential to grow its business by 50-100% with the correct controls , managment and hospitality fundametals in place.
Business Location
Area
Cape Town Southern Areas
 
Country
South Africa
 
 
Business Premises
Retail Space
 80 m²

Rental Amount
R  9,210

Lease Term in Years
3.00

Other Important Details
Internet Connection
:Yes

Liquor license
:Yes

In Retail Area
:Yes

Training /Support
:Yes

Business Broker Contact Details
Name
Richard Owen Thomas
Phone: (+27)82-5613471
Mobile:  (+27)82-5613471
Fax: 0866554695
http://update
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