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Calling On Restaurant Investors In Western Cape For Sale

Stellenbosch, Western Cape, South Africa
Asking Price:
R500K - R1.5M Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3M - R8M
Cash Flow:
On request

We are looking for an Investor to come in and buy a 33% stake in an existing restaurant business operation looking to expand both its offering as well as it's footprint. The store is situated in the ever growing and expanding heart of Stellenbosch. Right among the mix of the students.
The expansions outside the store currently is a very lucrative catering contract on a prestigious yacht on the V and A waterfront as well as a dark kitchen operation launching this month in Cape Town.
The expansion within the store is to gain a Mexican street food offering that would fully work and compliment the already running and operating Sushi and Asian street food offering as well as cocktails and drinks served in store.
This operation is alongside a very well established restauranteur in the area that is very well connected and can leverage a lot of catering influence and opportunity.
We have cultivated a cult following among students and have an incredibly engaged and thriving online presence. The town is rapidly growing and we aim to leverage that growth alongside expansions further in the cape.

We see this concept able to expand and grow as well as being able to create franchisability with it.

We currently asking a R1 000 000 buy in from an investor and then a +/- R75 000 needed from each 33% shareholder to expand the Street mex concept in store.

Property Information

Real Estate:

Lease

Lease Terms:

Lease secured at the exclusive Eikestad mall on the Stellenbosch "strip"

Leasehold Rent:

R70 000 per annum

Location:

43 Andringa Street, Stellenbosch. Right along the mall strip in the heart of Stellenbosch

Premises Details:

Connected to the Eikestad mall in a very high foot traffic zone

Size in square feet:
240sqm Stellenbosch
Planning Consent:

Council approved plan for seating outside store an absolute bonus in Stellenbosch

Business Operation

Expansion Potential:

Massive, we have already been asked on a few occasions on potential franchising, dark kitchen busy in launch in Cape Town CBD, Catering on the boat in V and A launched 1 November aiding an additional R5000/day to operation with no rent and using and shifting current staff.

Competition / Market:

None that are quiet the same. we also manufacture all dumplings, pulled meats etc. in house aiding to our competitive edge, we will be the only Mexican offering in town once expanded

Reasons for selling:

Need to Grow

Trading hours:

11:30-22:30 Would look to expand a possible breakfast here as well

Employees:
12
Years established:
1.5

Other Information

Support & training:

We are highly motivated and very growth orientated group excited to grow and expand with years of industry experience and knowledge

Furniture / Fixtures value:
R2,000,000 - included in the asking price
Inventory / Stock value:
R200,000 - included in the asking price
Relocatable:
This business can be relocated.