This business includes a wholesale and retail side to it. The wholesale side includes a bakery and coffee roastery. Both these business supply currently local businesses operating in the food industry. There are no accounts and payment is received within 7 days, making this essentially a cash business. The owner has extensive experience in the food and restaurant industry and at one stage owned a culinary school. The business now makes use of 2x managers to run it, which leaves the owner free to take breaks when ever required. The business is set in Plettenberg Bay and provides a wonderful lifestyle opportunity to anyone wanting to live in this beautiful coastal town and enjoy this type of lifestyle. A full breakdown of the business financials is available which is compiled by the owner's wife who is a qualified chartered accountant. There is also the opportunity to run cooking classes in the restaurant for adults as well as children to grow this side of the business further. The restaurant is licensed and a licence for selling wines and wine tasting has been applied for. The restaurant is seasonal, however it is located on the tourist route and attracts both tourists and locals. A brochure is available which provides photographs of all their activities and the setting and location of the restaurant. This is truly a gem of a business and highlights how a different owner with vision and creativity can transform a mediocre business into and exceptional one. This is a great business and comes highly recommended. Trip advisor currently rates the restaurant at 3.9 stars and the owner is committed to achieving a 5 star rating. This business will suit anyone who has a passion for the food industry and cooking.
Please contact Ken Maade at 065 887 6353 for further details or for an appointment to view this business.
|Total Annual Sales||12800000|
|Payback in months||13|
|Profit before tax||3600000|
|Form of ownership||Closed Corporation|
|Year of acquisition||2016|
|Trading Hours||Restaurant : Mon Sun 7am to 5pm Bakery 4am to 1 pm.|
|Full Time Employees||16-20|
|Business Premises||Retail space|
|Current Floor Space||300m2|
|Lease term in years||5|
|Other important details||VAT Registered,Financials up to date,Employee contracts,Air conditioning,Website,Internet connection,Telephone lines,Liquor license,Parking lot,All assets on file,Alternative power,Security,In retail area,Training / Support,Technical skills,Marketing skills|
|Reason for sale|
|Reason for sale||Owner wishes to emigrate for sake of children's future.|
|Growth opportunities||Good opportunities for growth, the owner doubled the previous owners turnover and has added a coffee roastery which will double the turn over again in 2019.|