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BUSINESS FOR SALE: ESTABLISHED 70 SEATER RESTAURANT IN PRIME PORT ALFRED LOCATION

Niche Restaurant in Van der Riet Street, tastefully decorated for year-round appeal, presents a fantastic opportunity for buyers. Boasting a separate deli section offering delectable foods and preserves, the restaurant has been a staple in the community for nearly seven years.
With both indoor and outdoor seating, including ample shelter from inclement weather, patrons can enjoy the ambiance regardless of the season. The establishment prides itself on excellent staff, service, and convenient parking.
The sale encompasses all furniture, fittings and equipment worth around R180,000.00, plus a liquor license. With steady profits and a loyal clientele, turnover is considerably higher during peak seasons.
This is an ideal time to acquire this business, in time to settle in and be ready to capitalise on the Christmas rush.
Consignment items on sale are not included.

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
180m²
Land Size
713m²

Port Alfred Central, Port Alfred

Port Alfred was established in the early 1820s by British settlers who were moved into the area by  Lord Charles Somerset as a buffer between the Western Cape and the Ama Xhosa. Originally it was two separate towns (settlers arriving on the west bank in 1820 named their settlement Port Kowie, and those arriving on the east bank named theirs Port Frances). In 1839, William Cock started to block the natural river...
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

6,249.30

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