Famous Portuguese Restaurant

Western Cape

R 1 650 000

Financial Information

Detailed financials available on request

This well established and thriving fully licensed restaurant in one of the most vibrant areas in Cape Town is waiting for a new owner. The position of this restaurant is ideal to attract the increased number of visitors from the Cape Town Stadium. The owners believe in serving the best traditional Portuguese food in this very popular meeting place. All meals are prepared in order to offer the best quality product to every customer. This business offers a lot of growth potential with new developments in the area. The monthly cash flow is for three months after lockdown. The price excludes stock of +-R30 000 and VAT.

Reason for selling

Serious health problems
Annual revenue
R 3,800,000
Monthly cash flow
R 54,449
Stock value
R 30,000