Sectors / Category

Annual turnover

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  • Mandate: 31524
  • Added: 07 Dec 2017
  • 244

Rare opportunity - Iconic Brasserie in top Cape Town location

Western Cape, Cape Town
244
Mandate 31524
Added 07 Dec 2017
R 11,500,000* ZAR
Stock: R 250,000
Assets: R 3,163,506
R 315,319 ZAR
Richard Jones
Aldes Atlantic
Western Cape
Western Cape
Summary

Rare opportunity to secure a brasserie in this location. Hugely profitable, well run and secure future based on its very prominent location. Stellar reputation, great menu, beautiful setting.

Rare opportunity - Iconic Brasserie in top Cape Town location
SELLING PRICE
R 11,500,000* ZAR
Stock: R250,000
Assets: R3,163,506
R 315,319 ZAR
Summary

Rare opportunity to secure a brasserie in this location. Hugely profitable, well run and secure future based on its very prominent location. Stellar reputation, great menu, beautiful setting.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Brasserie, in typical European flavor geared to local and international markets with AAA locality with all round visible access and unsurpassed levels of passing trade at one of Cape Town and South Africa's premier tourist attractions.

How long has the business been established?
3-4 years

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
Open 10am - 10pm (kitchen)

How are the clients attracted to the business?
Location, location, location

What Advertising/Marketing is carried out?
Seasonal specials, social media, website

What are the seasonal trends?
Summer turnover higher, winter turnover lower

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Vat returns

Are there up-to-date Management Accounts available?
Monthly turnover figures

What Balance Sheet and Income Statements are available?
draft AFS Feb 2017

How could the profitability of the business be improved?
A fresh perspective would provide good insight in achieving the goals of leaner overheads and increased turnover

What is the total staff complement?
+/- 55

How involved is the Owner in running the business?
In business on daily basis

When does the current lease end?
2023

Is there an option of renewal & what period?
Has been exercised until 2023

What is the annual escalation %?
8%

What are the trading hours?
10am-10pm (kitchen)

What is the square meters of the business?
660m2

Is a copy of the lease available?
Yes

Do you require a licence?
Liquor License not required and is renewed annually.

What lease deposit and/or other surety is required?
Aproximately R400k plus sureties currently but will change according to landlord requirement

What are the main assets of the business?
Furniture and fittings

What is their overall condition?
Good

Do any require repairing?
regular maintenance undertaken

How have they been valued ?
depreciated value as at Feb2017

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
Location and concept

Weaknesses?
lease agreement is a typical corporate lease that requires landlord approval for any variations thereof

Opportunities?
Mezzanine area not utilised enough and available for private functions etc, Daytime menu could be made less ‘fine dining’ and more appealing for a wider audience

Threats?
lease agreement, tourism dependent

What is the reason for the sale?
Both partners would like to exit to pursue other ventures. Operating partner flexible on exit

Why is this a good business?
The businesses has established itself well and will only keep growing. It is based in one of the best locations for this type of business in Cape Town and arguably the world.

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FRANCHISE DETAILS

Aldes Atlantic

6 members
39 active mandates
Western Cape
33 Montague Drive
7441

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