Type: Restaurants for Sale
Agent: Raymond Johnston
Company: The Miracle Property Group
Price: ZAR R 9,500,000
Featured: No

Trading for 6 years, this smart Italian eatery boasts one of the worlds most spectacular views. The a la carte menu caters for a broad range of tastes from spectacular pastas and great steaks to gourmet veal dishes and the freshest seafood. Every table in the restaurant offers a sea view. Targeting local market of families and business people out to enjoy breakfasts, lunches and dinners with both night and day time views.

Total seating: 160
Inside: 120
Outside: 40
Free parking
Hours of trade: Summer and Winter
Current rental: R 52 000.00 (Excl. VAT)
Next 12 month projection includes: New 40 seater smoking area and bar, new Bicardi Beach Bar, New fast food beach kiosk
Estimated stock in Trade: R 120 000.00
Working Capital: R 120 000.00
Selling price includes renovations under way

A La Carte Restaurant, cocktail bar and coffee shop

Asking Price : R 9 500 000

Mortgage Calculator

Monthly Installment : R 112 585
Down Payment : R 950 000

Estimated payment based on a 20 year bond at 15% with an optional 10% down-Payment.