Exclusive wine bar/private tasting venue for sale in a busy thriving part of Cape Town.

Exclusive wine bar/private tasting venue in a busy thriving part of Cape Town.

Introduction:

• A buyer can purchase a turnkey operational wine bar situated in a vibrant section of Cape Town, renowned for experiencing some curated reserve wines including a sovereign selection, to be tasted in a wine sanctuary.
• There is also a private tasting room where private functions can be organized.
• This wine bar is frequented by both locals, weekend visitors and tourists (both local and international).
• This beautifully appointed wine bar has the following assets – kitchen equipment to the value of R68,000, computer equipment to the value of R74,000, furniture and fittings to the value of R233,000, and a liquor license valued at R70,000.
• A new lease can be negotiated with the landlord with the buyer.
• There is trained staff in the business.

Financials: 

• Turnover for 2026 up to date, R1,83 million.
• GP is on average 80%.
• NP (EBITDA) R314,805.
• Asset value R949,886 includes stock of +/- R282,000 and a small % for goodwill.

Selling price:

• R700,000 excluding stock of R282,000.