Ref. No - BFS00308
South Africa, Western CapeRef. No - BFS00308
Sector - Food
Summary
Asian Restaurant
Mexican Restaurant
Highest footfall location in Stellenbosch
Exquisite brands already built and developed.
All liceneces in place.
Just come in and operate!
Give me more informationFully describe the business's activities?
2 side by side restaurants and bar in the highest footfall position in Stellenbosch.
Modern and very tasteful interior.
Mexican and Asian themed appealing to students, locals and tourists.
How long has the business been established?
3 years
Give a breakdown between sit-down, takeaways and deliveries
80% sit down orders
Is the business VAT Registered?
Yes
How many employees?
13
Give a breakdown of staff/ functions?
1 manager
1 assistant manager
2 Mexican Chefs
2 Sushi chefs
2 Asian Wok Chefs
1 Sculler
Remainder are Waiters
How involved is the Owner in running the business?
Not very involved at all but this is the issue in the store and reason for the sale
When does the current lease end?
2028
Is there an option of renewal & what period?
Yes
What is the annual escalation %?
7.5%
What is the square meters of the business?
198SQM+16SQM (outdoor seating)
Is a copy of the lease available?
Yes
Do you require a licence?
Yes
What lease deposit and/or other surety is required?
Must be Negotiated with landlord and buyer must be approved by landlord
What are the main assets of the business?
Store location, Liquor licence, Brand recognition in town, Restaurant set up and equipment.
What is the reason for the sale?
Owners are not able to be present at the store
Why is this a good business?
It is the ideal business for a operator to come in and present or for a large group to come and take these established brands and grow them across multiple locations.
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