Urgent sale: Fully equipped restaurant and take-away for sale in coastal town.

Urgent sale: Fully equipped restaurant and take-away for sale in coastal town.

Introduction:

• This restaurant has been in existence in this coastal town in the Overberg area for a couple of years.
• The existing owner has had it for a couple of months and did a total revamp on the business including but not limited to seating (the restaurant can accommodate 36 persons), changing some of the equipment in the kitchen from electricity to gas, complying to health/fire regulations etc.
• The existing assets has a total value of R335,000 with a replacement value of R467,000- the owner spent an additional R85,000 to fully comply to all the regulations.
• The owner introduced a new menu with categories of vetkoek / roosterkoek, pancakes, pizzas, chicken dishes etc. which was well received by the residents of the area.
• The owner also introduced a delivery service to this town and the two adjacent towns which is well supported by clients.
• The reason for selling is that the owner has 2 businesses and the family member that managed the other business has relocated and the owner cannot manage two businesses on a daily basis.

Selling price:     

• R 430,000 negotiable.