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Own A Share Of An Excellent Restaurant Brand For Sale

Stellenbosch, Western Cape, South Africa
Asking Price:
R900,000 Furniture / Fixtures included
Sales Revenue:
R5,000,000
Cash Flow:
On request

This is an opportunity to own a share of an excellent restaurant brand in the heart of Stellenbosch, alongside an award winning chef.
The restaurant has built up an excellent clientele in Stellenbosch and has done well in growing its online presence and following. It is located in a high foot traffic area and its Sushi and Asian food appeals strongly to the student market in town.

This is an opportunity to own a 40% stake in the business alongside an esteemed and established restauranteur in the area. If the purchaser would like to own the entire business this can be negotiated upon a genuine offer.

The business has currently just made it to break even and is currently on very good growth trajectory. Its offering is the best value product in town and the model will have huge growth appeal across the western cape, and the rest of the country. The restaurant has just won a very lucrative catering contract for a charter boat in the waterfront that will in turn aid a huge amount in turnover. The brand is poised and ready for expansion into Cape Town.

The ideal owner would be someone able to spend some time on growing the brand as it is very easily able to be franchised. Currently the store operation is well run by a competent manager and a lot of items are produced in house aiding to larger profit margins.

The store is fully licenced and also has outdoor seating secured from the municipality which is not always granted and is a major advantage in the location.

Serious offers are welcome. I am looking to relocate, however my partner is eager to stay on with the business unless purchaser would like to purchase him out as well.

Property Information

Real Estate:

Lease

Lease Terms:

3 years remaining, good relationship with landlord

Leasehold Rent:

R70 000 per annum

Location:

In the middle of Stellenbosch

Premises Details:

On a busy road outside the Eikestad mall

Size in square feet:
212sqm
Planning Consent:

Planning and municipal leased land all approved

Business Operation

Expansion Potential:

Very easily able to establish this as a franchise or even get our prepared products into stores

Competition / Market:

Other sushi and Asian restaurants that do not have as much brand presence and competitive advantages as our store

Reasons for selling:

I am looking to sell my share as I am unable to monitor store as needed correctly

Trading hours:

11:30-22:30

Employees:
12
Years established:
1

Other Information

Support & training:

Will be able to assist with handover and support for as long as possible and will always be available on call

Furniture / Fixtures value:
R2,000,000 - included in the asking price
Inventory / Stock value:
R100,000
Relocatable:
This business can be relocated.