Restaurant & Guesthouse

Price : R 2,950,000
Listing Type : Restaurant & Guesthouse
Location : Mpumalanga
Condition : Includes Property
Ref No. : 2856
Year Established : 1996
No. of employees : 7
Trading Hours : 9am - 9pm
Turnover : R 182 966 pm
Cost of Sales : R 77 196 pm
Expenses : R 61 667 pm
Net Profit : R 44 101 pm
Asset Value : R 500 000
Stock Value : R 40 000
Property Value : R 3 500 000

This is an excellent opportunity to own a well-established and popular restaurant, and guesthouse, in a bustling tourism town. The restaurant specializes in traditional South African dishes including a wide variety of venison dishes. Their menu includes breakfasts, light lunches and a la carte dinners. The restaurant premises have a Cape Dutch style and is approximately 200 square meters in size with 90 Seats (45 inside plus 45 outside).

The restaurant is situated in front of the guesthouse and faces the main road. The location the best in the area for passing traffic and there is sufficient parking for customers. The property is included in the sale and has 5-bedrooms (all en-suite), which used to operate as a guesthouse and has an excellent opportunity to reopen now that tourism is picking up after Covid. The guesthouse has the potential to bring in an additional R30k-R50k per month. The current owners are looking to retire and are offering the right buyer an excellent opportunity for a payment arrangement.

The restaurant currently generates an average monthly turnover of R182 966 and an average monthly net profit of R44 101. The total asking price for the restaurant and property is R2 950 000. This business and property offer a once in a lifetime opportunity to relocate to a tourism town and move out of the hustle and bustle of city life.

Due Diligence