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Vibey Restaurant and Bar For Sale.

Observatory

Price by Negotiation over R1,090,000

Listing Number: HER7369
About this listing
Unique neighbourhood Restaurant\Bar in Observatory for sale R1 090 000.

(Price reduced from R1 200 000)

Centrally Located in the vibey and growing nightlife hub of Observatory, this established restaurant caters to neighbourhood residents, international visitors and students with casual dining and pub style food.
Venue is quite large with sizeable indoor and outdoor dining areas as well as 2 working fireplaces

Full liquor license, with great selection of craft beer, wine and gins
Good social media presence with good review scores across major platforms
Well trained staff with low staff turnover
Business is currently manager operated and run.

A hands-on owner or operator would be able to take advantage of opportunities to further expand the business and increase turnover

Annual Turnover: 4 Million
Selling price: R1 090 000 (or nearest offer) + stock
Reason for sale: Owner has a full-time job
Property Information
  • Property Type: Restaurant / Cafe

Agent Details

Shop 4, Rheezicht Centre
Cnr. Main Road & Rheezicht Crescent
Onrus River
Hermanus
Office website

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