Buy or sell a business in Western Cape, South Africa with the Restaurant Hub, and we will provide you with all the information you require to make a solid, well informed decision.
With many years of experience in restaurants, and in the specialised field of restaurant brokerage, our team will guide you through the process of buying and selling.
We assess the restaurant and provide a guide price for selling and then manage the process of selling or buying a restaurant from listing to handover.
Restauranthub Brokering Service, we are proud to sell your restaurant
Restauranthub Brokers are Restaurant Resale Specialists that can guide you during the complex process of buying or selling a restaurant. The founders and directors of the business Marius Joubert and Russell Minter-Brown have extensive restaurateuring, management, and brokering experience in the hospitality industry.
Restauranthub Brokers is a comprehensive Business Brokerage practice focused on the restaurant industry. We specialize in Restaurant Franchise Resales and Restaurant Sales. We consult and advise clients regarding Restaurant site selection, Landlord and Tenant Representation, Franchise Consulting, and valuations. We specialize in selling restaurants, bars, and nightclubs. We are happy to answer any questions about restaurant pricing and valuations, exit strategies, bank financing, asset finance, or any other related subjects.
As professional restaurant brokers, we have a collective of 70 years of experience in the cold face and highs and lows of restaurants and bars and understand the staffing, operations, marketing, and financial aspects of the business. In addition, we have successfully completed numerous sales and transactions involving restaurants, bars, and nightclubs. Due to our extensive understanding and experience in the industry, we are the right team to guide and advise a potential buyer in completing due diligence and to evaluate and value your business correctly to facilitate and close a successful transaction. Restauranthub Brokers will help the buyer review the many factors involved in finding the right business.
Our Restaurant Brokerage Process
Review the Financial Statements of the Business
We review the last 3 years of management account and Annual Financial Statements and provide a market-related valuation for the seller’s acceptance. We will require contact with your accountant verification and accuracy of financials provided.
Review the Fixtures and Equipment List
The seller will have prepared a list of all the fixtures and equipment to be included with the sale. Additionally, a separate list will be provided of any fixtures and equipment not included in the sale, such as personal items to be retained by the seller, and/or items that are rented and/or leased.
Review the Physical Assets
Through the due-diligence process, the broker consultant will arrange for the buyer to do a physical inspection of the premises. During the contingency period, the buyer is free to bring in any contractor he would like to inspect the premises, including the plumbing, electrical, refrigeration, air conditioning, and ventilating systems, and any other mechanical systems.
The broker consultant will provide and review all the various contracts in the transaction with the buyer, including the purchase contract, premises lease, and if applicable, any equipment leases, equipment rental agreements, franchise agreements, and any other contracts applicable. One of the most important facets of the sale is the premises lease. It is the broker’s responsibility to work closely with the buyer and landlord in negotiating either an assignment of the existing lease, an assignment and modification of the existing lease, or preferably, a new lease.
Review Licenses and Permits
The broker consultant will provide and review all the various licenses and permits needed to operate the business with the buyer — the trading license, the liquor license, entertainment license, fire department permit, and certificate of occupancy.
All Certificates of Compliance for the plumbing, electrical, and ventilation will be reviewed and confirmed.
Review of Stock and Stock on Hand
Stock items are the food and beverages, or stock in trade. Other stock items include packaging and cleaning supplies that the buyer will have on hand on the day of taking over the business. If the buyer is buying a going-concern, the buyer will most likely want to keep the existing saleable stock items. The broker will oversee this whole process to make sure the buyer and seller are handling the inventory on a reasonable and amicable basis.
We will request from you to complete a prospective buyer or seller’s questionnaire which will give us a better understanding of your specific requirements, sale price, affordability budget, etc, and how we may best assist you going forward and setting yourself up to conclude a successful transaction. We only represent businesses that are compliant and accept our market valuation before listing or presenting to potential buyers. We will not sell a business that we would not consider purchasing ourselves.
We believe in Integrity, honesty, transparency, accuracy.