Property Description
ABOUT THIS BUSINESS: In operation since 2020, an iconic coastal restaurant nestled in the heart of the Garden Route, renowned for its exquisite cuisine that attracts both locals and tourists. This thriving establishment boasts a warm, inviting ambiance with beautifully crafted decor, a modern bar, and seating for 60 indoors and 40 outdoors, ideal for intimate gatherings like bridal showers and birthdays. Passionate owners actively shape the authentic, high-quality menu and offer expert wine pairings to elevate the dining experience. With a liquor license, prime main road location near the beach and attractions, and top ratings on Google and TripAdvisor, this culinary gem offers immense growth potential through expanded dinner and bar services. The owner provides comprehensive training for a seamless handover, making this a rare opportunity to own a celebrated restaurant with a loyal customer base. Contact us to view this thriving business! In operation since 2020.
OPERATIONS: Owner operated with excellent management and skilled staff.(12)
REASON FOR SELLING: Other family business.
SCALABILITY: Massive market to grow and expand.
PREMISES: Leased well below market value.
TRANSACTION: Cash buyers only to enquire. (No seller finance)
ACQUISITION VALUE:
SELLING PRICE: R2,785m (excluding stock) as a going concern – VAT 0% rated.
STOCK VALUE: R50,000 (estimated)
TOTAL ACQUISITION VALUE (INCLUDING STOCK): R2,835m
PROFITABILITY:
ANNUAL TURNOVER: R4,6m
AVERAGE MONTHLY TURNOVER : R380,000
NET PROFIT (EBITDA) PER ANNUM: R1,128m
NET PROFIT (EBITDA) PER MONTH: R94,000
INVESTMENT RETURNS:(EXCLUDING STOCK)
PE RATIO: 2,5
ROI(RETURN OF INVESTMENT): 41%
MPB(MONTH’S PAY BACK: 30
ASSETS:
MARKET VALUE: R2m
ASSET VALUE RATIO TO SELLING PRICE: 73%
