A Well Established, Profitable And Destination Artisan Family Restaurant For Sale

This is a well-established, and profitable artisan family restaurant / family venue located in Jeffrey’s Bay. This business is a destination venue for both locals and visitors to Jeffrey’s Bay that offers guests an authentic J-bay experience.

The ambience of this restaurant is designed to a create a laid-back, easy-going vibe and is located just a few steps from the beach.

The business has been trading in its current format since 2015 and has developed a solid reputation for the quality of its food and the uniqueness of the restaurant.

The business caters for the entire family and has a conveniently enclosed play area for the kids, a craft beer garden for the younger generation as well as a more formal area fitted out with antique chairs for the older generation, even the pets of visitors / patrons are catered for through the provision of water bowls.

The turnover and profit for this business is superb.

The property in which the business is located is owned by the seller and can be included in this sale for an additional amount.

The property has been independently valued at R2 500 000.

Features of this restaurant and property include a smoker’s section, a roof covered courtyard with a built-in pizza oven and built-in fireplace, a separate bar area, a function / dining area which is separated from the courtyard with stacker doors, a coffee bar and retail section as well as a large office, storage area with a private receiving bay.

Established, profitable, unique, located a few steps from the beach, real property that can be included in the sale and priced to sell, this is indeed a rare opportunity not to be missed.

Financial Information

Annual Turnover:

+-R4 977 109 (Man Acc Mar 21 to Dec 21)

Net Profit:

+-R 691 585 (Man Acc Mar 21 to Dec 21)

Net Margin:

+-14%  (based on Man Acc Mar 21 to Dec 21)

Assets:

Included in the asking price

Rent per month:

Currently R25 000 (Seller owns the Property)

Vat registered:

Yes

Growth Potential:

This business has an established client base and is already a destination business, maintaining current service levels and food quality as well as the possible introduction of new menu items to keep things interesting are all possible ways to add to the uniqueness of this business and keep the business fresh and interesting.

MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT

BuSiness Information

Business Type

Artisan Family Restaurant

Asking Price

R5 000 000 (Business and Property)

R2 500 000 (Just the Business)

PROVINCE

Eastern Cape

CITY

Jeffreys Bay

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Premises:

The Seller owns the property and is prepared to include the sale at an additional  agreed to amount.

Features of this restaurant and property include a smoker’s section, a roof covered courtyard with a built-in pizza oven and built-in fireplace, a separate bar area, a function / dining area which is separated from the courtyard with stacker doors, a coffee bar and retail section as well as a large office, storage area with a private receiving bay.

 

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Trading Hours:

Off Season

Tue to Friday:  11h00 to 21h00

 Sat:                    09h00 to 21h00

 Sun:                   09h00 to 15h00

Peak Season

Mon – Sun          9h00 to late

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Buyer Profile:

This business is ideally suited for a husband-and-wife team, another similar business looking to expand their business footprint or any entrepreneur who is looking to enter this market segment. Knowledge of the food industry / restaurant business is recommended.

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Reason for selling:

Seller owns several businesses and is looking to downscale.

Disclaimer: All the information contained within this prospectus is supplied in good faith and is based on information supplied by the Seller; MN Business Brokers makes no representation as to its accuracy and in no way will be held liable for any eventualities arising from the use of the information provided.

Contact Us

call

Grant – 073 556 0065

email

grant@mnbrokers.co.za

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