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Upmarket Tea Garden with Liquor License


Description:    Well established large tea garden and restaurant on the upper KZN South Coast close to Durban. Netting R150k per month. Priced way below market with a ROI of 100%. A good lifestyle purchase which is showing good yearly growth. High asset value. Underutilised liquor licence presents great growth opportunities.
Industry / Sector:    Restaurant and Bar
State / Province:    KwaZulu-Natal RSA
City / Town:    Winklespruit
Location / Area:    Beach area
Portability:    Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
Asking Price:    R 1 800 000
Conditions:    Negotiable - subject to conditions.
Turnover:    R 340 000 per month
Profit:    R 150 000 per month
Annual Return:    100 % per annum
No. of Staff:    10
Year Established:    2000
Legal Persona:    - unknown or withheld -
Other Information:     
A large 150 seater dining area and 60 seater children's play area. Fully equipped kitchen with 10 registered staff plus the owner.

Trading Monday to Sunday - 8:00am to 5?:00pm.

Serves breakfasts, lunches and Sunday roasts.

There are a lot of parties throughout the month.

Having a full liquor licence, a huge expansion can be realised by opening for supper and by establishing a regular evening bar trade.

Many customers from outside the area make this a day trip destination to the Winklespruit area.



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Record ID: 2793
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