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#Business ID: 26799

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Profitable Bistro Lounge/Bar For Sale

Business Location: Cape Town, Western Cape, South Africa

Asking Price: R 1,950,000 Revenue: R 3,500,000 Cash Flow: R 1,200,000

[Furniture / Fixtures included]

Business Summary

This restaurant / lounge/ bar is part of the worldwide fine-dining hospitality Group, offering a reduced Eastern Mediteranean menu in a more casual environment on a popular dining strip in upper cape Town. The premises are exquisitely fitted out. Assets virtually 6 months old and the premises are exceptionally clean, well kept and maintained.
The menu is Halaal and although there is a liquor licence (2am) they do not sell alcohol. This is a lucrative option for new ownership.
Instagram and Facebook pages for photos & menu.
Note: The current manager is part of the Group and will move to their new development at some point, but they are willing to train a new manager if required.
SOLE MANDATE

Please contact us for more details.

Property Details

Size:

140 sq.m

Years Established:

7 months

Property Type:

Lease

FF&E:

R 1,450,000

Inventory Value:

R 50,000

Other Business Details

Premise Details:

140 sq.m. Seats 70 patrons. Prepaid electricity + inverter power backup. 3 reserved basement parking bays

Expansion Potential:

Alcohol sales

Business Operation Details

Employees:

10: Manager, chef, 4 x kitchen & FOH casuals

Trading Hours:

Monday - Sunday 10h00 - 23h00

Support & Training:

Owner/group will provide training and support as required.

Miscellaneous Details

Reason For Selling:

The Group requires capital to establish a new 200 seater fine-dining restaurant at the V&A Waterfront.

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