Famous Eating House In Cape Town CBD For Sale

Business description

Famous eating house bar based on Long Street CBD, with a worldwide reputation, very well established, with good turnover and cash flow. We are always busy with established regular clientele with a lot of investment in the last 3 years Long term lease available 3 plus 2 years,
Hit the ground running with a ready made business established from 1984, cash in on this rare opportunity to acquire a strategically placed licensed eating house on the vibrant busy Long Street strip, 105 covers with standing room, old school stage ideal for up to a 5 piece band with established entertainment on most nights, comprehensive menu, 23 staff over a 7 day trading period, 2 floors with balcony overlooking Long Street and table mountain, smoking area, ladies and gents toilets, licensed from 10am until 2.00am. 1 week to 1 month handover period offered .


Sensible offers around 1.3 million

Property information

Real Estate:

Lease

Leasehold rent:

R23,500 per annum

Living accommodation:

None, but outbuildings with show and toilet

Location:

Cape town CBD

Premises details:

Restaurant/ Bar/Entertainment

Business Operation

Expansion potential:

Lots

Competition / Market:

right in the heart of Long Street

Reasons for selling:

Owner relocating to Europe

Trading hours:

7.30am 02.00am

Employees:

23

Years established:

27 years

Other information

Support & training:

Will stay for 1 month training after sold

Furniture / Fixtures value:

R300,000

Inventory / Stock value:

R50,000