Urgent sale: Restaurant – Overberg area.

Urgent sale: Restaurant- Overberg area

Introduction:

• This restaurant is situated in one of the fastest growing towns in the Overberg area.
• This town is literally bursting out of its seams and with the growing population and residential development comes needs for affordable food at restaurants/take-aways.
• The restaurant is situated in the CBD of the town and in an alley/walkway between shopping centres.
• The existing owner bought it during 2023 and it was part of extending/supporting his existing business.
• He introduced new theme evenings and similar foods i.e. Mexican etc.
• With these evenings he was fully booked so marketing the restaurant is imperative to the success of the restaurant.
• The reason for selling is that the owner is financially cash strapped and cannot continue with the restaurant.
• The landlord is very sympathetic towards the owner and will assist a new owner as far as possible to make a success of the restaurant.

Financials: 

• The existing monthly turnover is on average R130,000 with a GP of 60%.
• The value of the assets in the restaurant is R355,000 according to the owner.
• There is a full liquor license on the premises paid up to December 2024.

Selling price:  

• R400,000 negotiable.