Property description

Business for Sale: Centraal Restaurant/Club – Vibrant Long Street, Cape Town

Price: R4 million (excluding VAT) - Turnkey Business Opportunity

Location: The bustling heart of Long Street, Cape Town, known for its dynamic nightlife and dining scene.

Business Overview:

Centraal is not just a venue; it's an experience, layered across four floors of entertainment, dining, and event spaces:

• Operational Space: 
• Total: 654m²
• Indoors: 354m² of stylishly designed areas.
• Balconies: 185m² of glass balustraded spaces offering stunning city views.
• Rooftop: 115m² under a high-end Nomadik stretch tent, perfect for any event, any time of the year.
• Facilities:
• Kitchen: State-of-the-art on the ground floor with a 2m extraction unit, scullery, and dumbwaiter for seamless service across floors.
• Storage: Strategically placed on every level for efficiency.
• Lease & Utilities:
• Lease: 5 years remaining, with a 5-year renewal option. Monthly rent at R95,000, with a supportive landlord facilitating the business transfer.
• Utilities: Electricity at R20,000/month (prepaid), water included, and garbage removal at R2,500/month.
• Equipped with a 3-phase inverter for power backup.
• Licensing: 
• Liquor License: Valid until 31 December 2025, with transfer assistance from the landlord.
• Assets: Movable assets worth R1.5 million included in the sale price.
• Financial Performance: 
• Launched: 4 December 2024
• Turnover: 
• December 2024: R1.1 million
• January 2025: R600,000
• First Half of February 2025: R500,000
• Potential for substantial growth, especially with the kitchen operations now available for the new owner's management as the existing contract ends on 28 February 2025.

Key Notes:

• Business Sale: This is a sale of the business operation, not the building.
• Name Exclusion: The "Centraal" name is excluded from the sale.

Next Steps:

Interested buyers are invited to experience Centraal firsthand through a walkthrough. For further inquiries or to schedule a visit, please contact me.

Embrace the opportunity to run one of Cape Town's most eclectic and beloved spots. Centraal is ready for a new visionary to continue its legacy of fun, food, and festivities.