Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Time to Sell or Time to Buy !

Business For Sale. Popular Family Seafood Restaurant

LISTING DETAILS
Firms For Sale ID:
32032
Vendor reference:
12874
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$540,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This popular 85 seater seafood family restaurant offers casual dining and the most delicious value for money experience in this Garden Route town.

Fresh grilled or fried fish, calamari, prawns, lobster, mussels, all served with chips, rice or salad. Desserts and beverages are available. A lovely deck with water views and secure parking makes this an unforgettable experience in a unique setting.

Food styles include British, Cajun/Creole, French, Greek and Mediterranean, Seafood and
Tapas Bars. The restaurant also offers fresh sea food for sale.

The business is in a unique location and is well supported by locals, holiday makers and tour groups visiting this coastal town.

The business trades Monday to Saturday and is manager run. The owner is remotely involved in the business as he has relocated.

This business can benefit from an owner who is hands-on involved in the day to day operations of the restaurant. Profitability can be increased by a more aggressive marketing effort as no marketing is currently done.

A liquor license could also increase profits. Other opportunities exist to increase profitability which will be discussed in detail with a qualified buyer.

Proper financial records are available and included in the asking price is a freezer room to the value of R150,000 which generate additional income.

If you are looking for a successful business in the restaurant industry with potential for growth and if you are customer service orientated with a passion for food, this is an opportunity worth considering.

The seller strongly recommends owner involvement on a day to day basis.

The asking price excludes stock of ± R5000 and VAT.