Waterfront Restaurant In Richards Bay For Sale

Business description

Upper Deck is the most "Well Known" Restaurant on the Northen KZN coast and is now For Sale!!
The buyer will have the chance to obtain a Good solid clientelle base, great reputation, winner of many local awards, well trained staff accompanyment, best seafood, grill and more. A great web site and databases already set up and running. The "keg" or "firkin" type of feel it is well known for sport, live music and great food and atmosphere. Please complete the contact seller form for more information.

Property information

Real Estate:

Lease

Lease terms:

1 year at a time, renewed each january with 8% increase pa

Leasehold rent:

R30 000 per month per annum

Location:

Waterfront location in Richards Bay (Tuzi Gazi), online, great open air venue with outside deck on quay side. great view of water and yachts etc.

Premises details:

about 350m2, front shop = about 2/3 of full area. courtyard, kitchen, washup area, toilets, bar etc

Size in square feet:

about 350m2

Business Operation

Expansion potential:

there is option for expantion into the building next door, with negotiations with land lord.

Competition / Market:

located in a hub of activity including shops and restaurants along the waterfront area. great walk by access for people stroling along the quay.

Reasons for selling:

Owner moved to a game farm far away and would prefer to sell than keep it running from so far away.

Trading hours:

tuesday-sunday 9 till 21h30 (kitchen open) bar open till late

Employees:

15 to 20

Years established:

12 years

Other information

Furniture / Fixtures value:

R450,000 (included in the asking price)

Inventory / Stock value:

R35,000 (included in the asking price)

Website:

Please click here to view the link

Home based:

This business can be run from home.

Relocatable:

This business can be relocated.