R6500.00 per month

Available immediately

Walk down to the beach! 

3 bedrooms "1 on suite"

2 Bathrooms

Single automated Garage with remotes

Kitchen, Sunken lounge and dining room 

Outside Braai
Security Burglar bars on windows

Large grass area & garden on large plot!

Sit around the braai on those long summer evenings, this is the perfect place to kick back, relax and enjoy. Go for healthy walks down the beautiful beach.

Rent excludes:

All basic services water & elec etc.

A family home located close to the Beach,city, shopping centres and good schools.

Enjoy a leisure-filled, holiday lifestyle within 20 minutes of central Cape Town. Melkbosstrand is one of the most prestigious of Cape Town's Table Bay suburbs. The most sought-after part of Melkbosstrand is its beautiful sandy beach.

THIS TYPE OF BUSINESS DOES NOT COME ONTO THE MARKET OFTEN!

Can you raise +- 2k? 

This business can practically run itself while you enjoy the beach. Melkbosstrand has the most beautiful beaches and good fishing, take a lovely walk or go fishing while your business continues running throughout the day. 

I want to sell the business at a price that will allow a buyer to repay the sales price in 5 years while drawing a reasonable owner’s salary. According to my calculations this would indicate a sales price of +- R1,6 million plus current stock at cost +- R400 000 stock to be valued at time of sale.

I suggest the following will even improve turnover more: 1) Sales to restaurants Pubs and hotels 2) deliveries 3) supplying the shebeen trade in a nearby industrial town 4) actively promoting the store at the nearby golf estate 5) upgraded signage and merchandising. I have not been able to get to all these ideas of boosting the business. 

This business is under promoted and if the above suggestions are implemented offers a singular opportunity for an investor who wishes to mix work with a beach atmosphere.

If you have equity of R2 000 000 you would be able to service the loan and pay yourself a salary for 5 years and then it would be 100% yours with no more debt to bank at which point you would be earning what the loan repayment was + the salary amount for as long as you keep the business!

1. HISTORY / BACKGROUND

This business has been in the possession of the same family who founded it as part of a hotel in 1962 in the coastal town on the Cape West Coast, Melkbosstrand. In the mean time the hotel was closed in 1987 and the premises converted to shops, offices, apartments and retail space all fully letted currently. The name of the business is in Portuguese "mira" meaning "look" and "mar" meaning "sea". The name was made by Mr Jose Domingos De Nobrega when he acquired the old Homestead hotel in 1962 Melkbosstrand. Being of Portuguese decent he probably chose this name because of the proximity and view of the sea, "look sea" it is a pun in English language. The current owner bought it from his father 15 years ago and now feels its time to retire.

The store is located in the business centre of the town and across the road from the beach.

2. PRESENT MARKET

Clientele consists of local residents and holiday visitors. There is one significant competitor in town and a lesser one in a smaller centre 8 kilometers up the coast. Summer holidays are a lot busier than the rest of the year.

I have not put much effort into marketing or promotion by means of signage and merchandising.

The position is close to the beach picnic area and on the main road entering into the town which accesses the beach area. It is also in the heart of the main business area of the town positioned opposite Spur, Ok’s, and Hardware, Tool Hire, Doctors, Estate agents, Attorneys, Chemist, Laundry, hairdressers, Restaurants and many more places where the needs of many different people are catered for. We have a bus terminal as a means of transport and taxis also call here.

3. Stock Control

We have an up to date point of sales system, All figures can be verified with strict stock control in place. 

(I can supply a comprehensive breakdown of turnover per category or brand etc.)

4. ASSETS / INVENTORY / BALANCE SHEET ITEMS

The Austin Wag N Bietjie Safe is a time delayed mechanized safe which is connected to the alarm system valued at R10 000 2^nd hand value. Three POS computer cash registers and a computer master in office are giving cashup total and reading count for accurate cashup's and full Stock control and re-order reports valued at R120 000. The fastnet Pad is a Wireless data communicator for the Credit & Debit card machines valued at R3000. The Service counters and shelf's are in good condition R28 000 2^nd hand value throuout. There are 5 upright Display fridges all in good working condition overing ample space for quick access to cold beverages valued at R25000 2^nd hand value. There is office equipment a fax machine for faxing and receiving orders R1400 2^nd hand value. The advanced computer dedicated Internet remote camera and monitor system can be accessed though the Internet live 24 hours a day from anywhere valued at R 60 000 2^nd hand value. There is a Rapid Cool Wine Chiller that can chill 4 X 750ml bottles at ounce to a ice cold result in just 5 minutes while you checkout valued at R10000 replacement value. The cold room is of good size and accommodates all varieties of SAB and Windhoek beers amongst others with ease valued at R40000 value. There is a Manitowoc ice machine that has been operating for many years without much seasonal adjustment with Stainless steel ice bin with good size capacity valued at R15000 conservable. There are 2 heavy duty trolleys for packer use can handle 6 cases at time in good condition valued at R1500 2^nd hand value. We also have 1 shopping trolleys for the convenience of customers valued at R600 which equates to R600 each in good condition 2^nd hand value. The cordless phone is excluded from the sale. The asset list is on file. Mr Gil Gorguhlu of Zeller Karro Auditors are the accountants.

5. STAFF

Four(4) staff currently work in the store. With a salary of +-R10,000 for a manager and on average +-R2000 for each of the staff the salary bill totals to +-R16000.

6. LEASE

The premises belong to the family of the owner and he would be willing to arrange a 5 year lease with annual escalation of 10%

7. REASON FOR SALE

I wish to scale down as I near retirement I have also become the financial Director of a large company which I wish to focus on.

8. S.W.O.T.

Strengths, Weaknesses, Opportunities & Threats

This store is in a prime position and enjoys a solid customer base and name recognition. The town and surroundings are expanding rapidly. A golf estate with around 800 houses has recently arisen next to the town and more developments close by are completed regularly. Besides the sale of all types of liquor in future you have the opportunity to have different departments for each type of liquor with tasting booths or tables. Possibilities related to liquor are a department for crafted bar counters and accessories a glass sales section, special liquor packaging like 2 and 3 bottle type boxes which could be gift wrapped or gift baskets, Vintage wine collectors department and Speciality funnies liquor labeling department for functions too like weddings could be propositioned. Many other opportunities that have not yet been explored like a Delivery service, Party Service offering glasses to hire Ice filled steel bath sale and return basis, Barmen service, Internet ordering, one could venture into the import and export markets, the point of sale system can accommodate a loyalty program that may easily take over the market. One could supply the number of off consumption licensees namely Koeberg Sports Bar, Melkbos Country Club, Koeberg bowling club, Zoutbos Restaurant, Moods Diner and pool room, Atlantic Beach Golf Estate Club, Seafood Lapa and Pool room restaurant, Big Blue Café and pub, Seaside Blues restaurant, Silver Bay Spur, Café Orca Restaurant, Atlantic Beach Conference Centre, Melkbosskerm restaurant and Club18 etc. You could also offer regular wine tasting and gift service. A year end function service to the vast industrial factory area of Atlantis for staff Christmas parties. You have a licence to sell liquor the opportunities for this controlled industry are endless. The current owner has been very busy with other business on his plate and has not had the time to explore these opportunities.

9. Conclusion

It is in my interest to sell this business at the right price to the right buyer because my family is the landlord of the building and the business needs to be successful to continue being a valued anchor tenant for the building. Complete honesty and open book is promised. You are invited to sit in the store for a day, week or month to monitor the business for complete peace of mind if needed.

Penthouse on TOP FLOOR...BRAND NEW! For Rent Daily Self Catering Fully furnished Holiday Accomodation

VIEWS - SEA, TABLE MOUNTAIN, ROBBEN ISLAND.

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In the newly completed Seaside Village Development Big Bay, BLOUBERGSTRAND

This apartment is available throughtout the year and lets for R770 - R1500 per day
	Number of Occupants	6
	Bedrooms	3
	Bathrooms Beds	2 (1 en-suite) 2 double & 2 single
	Kitchen	Open plan onto dining room and lounge
	Lounge	Open plan
	Dining Room	Off kitchen
	Property Size inside	107.2 sq meters
	Balcony	51.5m2
	garden balcony	10m2
	Totaling	+-210m2
	Overall Style	Modern
	Property Direction	North
	Garden	no
	Nearest Beach	Big Bay beaches 200m
	Distance to Beach	Walk distance (5min)
	Flooring	Tiles and carpet (bedrooms)
	Lighting	Down lighting and hanging
	Children	Yes
	Pets	No
	Microwave Oven	Yes
	Storeroom	Yes (5m2)
	Video Cassette Recorder	Yes
	Parking	2 x Underground Bays lock up 24h security facility
	Security	24 hour security guards, secure residential areas, Alarm system.
	Television	Yes Large Screen Television with remotes with DVD player there is a good video/DVD rental store in building too.
	DS-TV (Satellite TV)	Yes More than 80 world-class television channels and 40 CD-quality audio channels, DStv offers the richest ore of on-screen entertainment available in Africa.
	Telephone	no
	Facsimile Machine	no (many business in building with fax facilities)
	Internet Access	no
	Barbecue Facilities	no
	Sheets	Provided
	Towels	Provided
	Sun Loungers	Yes
	Outdoor Furniture	Yes
	Shopping Convenience under the same roof	Woolworth's, Checkers Supermarket, Spur, Italian Pizza, Chemist,Rejuva Spa, Liquor Store, CTFM, Clicks, Video store, Laundry, Wimpy many others too....
	Self Catering facilities	Include microwave oven, conventional oven, stove, fridge with deep-freeze, dishwasher, kettle, Toaster, cutlery, crockery and kitchen utensils.
	Laundry	Laundry service available in building. For your convenience there is also a washing machine/tumble dryer in the apartment. There is also an Iron in the apartment.
	Beauty	Beauty salon on premises.
	Gym	Ladies gym in same building. Virgin Active have a health club within 10 kilometers and are pleased to welcome our guests with short-term visitors memberships.
	Biking	Cycling trails close by. The roadway has very good bicycle track for bicycles only.
	Casino	Grand West Casino 25min drive
	Fishing	Fishing for Galjoen, hottentot, Steenbras and Harders can be done off the rocks nearby.
	Golf	Atlantic Beach Golf Course is 7km away 5min Drive. Type:  Links Golf Course Holes: 18  Par: 72 Fairway Grass: Combination Greens Grass:  POA-Anna Length:  Championship: 6344m   Club: 5855m   Ladies: 513m
	Wine	Wine route nearby. Stellenbosch, Paarl etc.
	Children	Small children welcome.
	Housekeeper	Can be arranged Call Melissa on Tel: 0721423883 Fax: 0865030690 e-mail: melissade@telkomsa.net
	Linen Service	All linen supplied dry cleaned every visit

This is a secure penthouse apartment located close to the main beach, city, shopping centres and great restaurants. For a new style of convenience living take a look at this exquisite penthouse! Its better than an hotel. This self catering 3 bedroom penthouse has the conveniences of restaurants like Spur, CTFM, Italian Pizza and Wimpy in the same building. Many shopping conveniences like Checkers, Woolworth's, laundry, Rejuva Spa and video shop and lots of others too makes this ideal for the family holiday.
There are 91 Apartments and 9 Ultra-Luxurious Penthouses in Seaside Village. G21 is one of the 9 Ultra-Luxurious Penthouses developed by the developer.

DIRECTIONS: Take the R27, Otto du Plessis Drive (West coast road). Turn left at Marine Drive, at the Dolphin Beach Hotel. Drive along the Blouberg Beach front into Big Bay. Big Bay is next to Bloubergstrand and 8km before Melkbosstrand.

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Click here to go to Seaside Village Web site: ttp://www.nuhorizon.co.za/seasidevillage/

 MAP   - CLick here to get directions and so much more!