Search Results from Biz.for.Sale - Full detail for a Single Listing
Mexican and Cuban Restaurant and Cocktail Bar located on a waterfront
|
|
PROFILE |
|
Description: |
|
A well established Mexican and Cuban themed restaurant situated right on the water at the vibrant waterfront area with an inside seating area and a covered outside deck area. The restaurant sells Mexican and Cuban food, including seafood, steaks and grills, breakfast, pizza, platters and baskets and a variety of cocktails and exotic drinks. The restaurant has a full liquor license. Owners relocating. |
|
Industry / Sector: |
|
Restaurant and Bar |
| |
|
LOCATION |
| State / Province: |
|
KwaZulu-Natal RSA |
| City / Town: |
|
Richards Bay |
|
Location / Area: |
|
Waterfront, small craft harbour |
|
Metro Proximity: |
|
Durban. It should be possible to commute from this metro city to the business location. |
|
Portability: |
|
Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
|
| |
|
PRICE |
|
Asking Price: |
|
R 1 500 000 |
| Conditions: |
|
Negotiable subject to conditions. |
| |
|
FINANCIAL & OPERATING INFORMATION |
| Turnover: |
|
R 300 000 per month
|
| Profit: |
|
R 70 000 per month
|
| Annual Return: |
|
56
% per annum
|
| No. of Staff: |
|
13 |
|
Year Established: |
|
2012 |
|
Legal Persona: |
|
Sole Proprietorship |
|
Other Information: |
|
PREMISES
A favourable lease is in place at a market related rental.
ASSET STRUCTURING
The net asset value at a ''fire sale'' (an immediate must sell auction) valuation would be +- R250 000
STOCK VALUATION
Varies from R50 000 to R75 000
STAFFING
Most have been here for 3-8 years and would have no problem with new owner.
NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT
One needs good people skills, high energy and a basic idea of financial controls.
MARKET and CUSTOMERS
Very loyal customer base, established brand, and other restaurants in the area each have a unique theme and cuisine. It is a stable market with further growth opportunities as the area expands in the harbour, port and surroundings.
OPPORTUNITY for GROWTH
There are plenty of opportunities for trying new and different things, good venue for entertainment, functions, events and parties.
Outside catering opportunities are also available.
LIFESTYLE ISSUES
Trading hours are from 10h00 till 22h00 Monday to Saturday, Sunday 10h00 till 16H00.
Amazing working environment, manager run when taking a day or week off.
REASON FOR SALE
Owners have been here for 12 years, are facing retirement and are busy relocating.
NON-DISCLOSURE AGREEMENT
Any interested party will need to be prepared to complete and sign a non-disclosure agreement. Confidentiality could impact on staff issues and/or effect supplier and customer relationships and for these reasons the NDA will specify the limitations on use of information supplied. This protects all parties involved.
AVAILABILITY of AUDITED FINANCIALS
Financials up to October 2023.
Financials available from accredited auditor.
PROOF of FUNDING REQUIREMENT
A potential buyer needs to demonstrate that they have access to the required unencumbered cash funds to finance the cash transaction portion of this purchase.
The seller will not provide any documentation, business details or financials and will not accept any offer unless the proof of funding has been provided.
HANDOVER ARRANGEMENTS and TRAINING
The current owners will undertake to be available during a 2 month handover period.
|
Record ID: 2884
[BizForSale HOME Page]
[Master Search]
[Suggestions]
www.bizforsale.co.za
Copyright 1998 - 2024 © info@bizforsale.co.za
|
|
