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South African Restaurant - Since 1980

Location  South Africa
Asking Price Range  < $250K
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1980
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Yes
Reason for Sale  Seller re-locating to pursue other business intere
Description  This family-owned restaurant has been in existence since 1980. Seating 180 pax inside and 80 pax on the beautiful balcony overlooking the Indian Ocean this restaurant offers an ambiance of an informal/casual nature. Situated 150km south of Durban the town has become one of South Africa's favourite tourist destinations due to the sub-tropical climate it enjoys year round. The restaurant is well known throughout South Africa for the superb buffet served every evening and at Sunday lunch although a comprehensive A La Carte Menu is also on offer. Now would be the optimum time to purchase as December / January and April are the highest earning months and a good return would be realised on the initial capital outlay in a very short space of time.
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