Beautiful And Unique Scenic Outdoor Restaurant Potentially The Largest Outdoor Restaurant In Mombasa

RE: PROPOSED SALE OF SUNSET PARADISE RESTAURANT Brief description We write to offer for you a prime hospitality products situated on Shanzu Serena Road, Mombasa for sale. This below is a very short summary of the product (please read this together with attached brochures prospectus) THIS BEAUTIFUL AND UNIQUE SCENIC OUTDOOR RESTAURANT POTENTIALLY THE LARGEST OUTDOOR RESTAURANT IN MOMBASA, KENYA BASED ON THE CURRENT AND VERY FAST GROWING CAPTIVE APARTMENTS MARKET. The restaurant stands on 0.3340 HA lease hold plots of beautiful gardens and well-manicured golf class and a captivating backdrop of a fully grown forest. It has the following structures / facilities: 1. Set in absolutely Serene, Secured and lovely grounds 2. Boasts an Olympic size swimming pool 3. Basic Ala-Carte and buffet kitchen. Presently an outdoor restaurant setting, with several tents and outdoor bar and choma banda as well as a small 40 pax indoor restaurant. 1. DTV/TV/TV Screen 2. DJ house / Good music equipment 3. Stores 4. Directors’ offices 5. Generator 6. Borehole water but also connected to county water lines 7. Carbro paving / parking 8. Outdoor garden bar and restaurant. 9. Well-manicured lawn events arena Currently also has a 60 pax conference hall connecting to a 60 pax tea / snacks restaurant on first floor. Next to another upcoming 150 pax ultra-modern top notch equipment studded conference hall. A very vibrant raving fans return clients. Well known in Kenya as a must visit restaurant when in Mombasa. Adjacent to this is an extra 3/8 acre land that is vacant and is ideal for development of hotel rooms. Both restaurant can be up-scaled by constructing upper floors or extensions into the adjacent vacant 3/8 acre land. The restaurant currently serves Mombasa county residents, Mtwapa and Kilifi County clients for weekend and evening food and drink, swimming and outdoor enjoyment. It has a large captive audience, especially during the festive seasons, who book to stay in the newly buildup 10 blocks of 120 holiday apartments. The restaurant also is patronized by our 60 pax conference attendees. When the additional 15 new blocks have been built in 2 - 3 years, each 16 apartments, all making an extra 180 new apartments, the restaurant will be serving 300 apartments over and above the walk in clients mentioned above. These 300 apartments and the restaurant will be in one gated community. Over and above the outsider restaurant walk-ins, the restaurant will have a very large pool of “captive” restaurant users from the 300 apartments blocks holiday residents, 2 conferences of 60 and 210 pax attendees and walk-ins. 1. LOCATION The restaurant is located 500m off Shanzu – Serena road on the way to Serena beach. Geographically the restaurant is located in Shanzu, Serena Road of Nyali Mombasa 2. MANAGEMENT The restaurant is managed by managers below whom are two supervisors (day and night) and a chef. All with supporting food preparation staff and service staff. Management can and need to be improved in order to get much higher income and net profit. 3. PERFORMANCE Our current profit and loss posts a net profit of about Kes 1.2 million for the months of October, Kes 1.5 million for the months of November, Kes 2 million for the months of December Once the 120 apartments are all built up in around three years from now and ongoing AND future restaurant developments marching with increased people / diners’ patronage, the restaurant should make a net profit of Kes 4-5 million per month. FUTURE DEVELOPMENTS Sunset Paradise restaurant will be forced by the increasing diners in-flows and new clients supplied by the conferences, apartments and walk ins to expand and improve on facilities. A PDF plan of planned future restaurant development improvement is attached in the prospectus. ……………………………………………………………………………………………………… Strengthening management for better income performance must be part of this growth and improvement. ……………………………………………………………………………………………………… The new complete 150 pax top notch technology conference though not belonging to the restaurant, will feed the restaurant with a lot of diners. There exists an un-developed 3/8 acre plots adjoining the restaurant that can be used for extension of the restaurant or construction of hotel rooms. ……………………………………………………………………………………………………. Once another 180 apartments are built, this will increase the apartments being served by the restaurant from 120 to 300 that will be served by the restaurant 4. BUSINESS SUMMARY This is a locally well-known international outdoor garden restaurant for sale...best deal ever Below are some details of what the restaurant is The restaurant has been running since 2015.  LAYOUT As you approach the restaurant, one meets a one storey building which houses: - • downstairs, there is a small indoor restaurant, kitchen and restaurant offices, storage rooms, and toilets. • upstairs, there is a 60 PAX conference and other general offices. • Outside the built up area is an expansive golf grass loan arena ideal for groups, wedding events, team building etc. and a garden Bar and open air covered restaurant. The most iconic attraction is an Olympic size stylish swimming pool. There is also a small children’s playground. This restaurant complex is completely furnished, ready to use, working right now as a entertainment joint of many Kenyans of all walks of life.  DETAILS Sunset Paradise Restaurant offers world class cuisines with a refreshing ambiance and exquisite dining experience in our stunningly beautiful outdoor garden arena. It is set to be the largest restaurant in Mombasa. Sunset Paradise Restaurant Limited is a luxury restaurant that offers affordable luxury. We are located only 500 meters off the Mombasa - Malindi highway, within a walking distance to the beautiful Serena Beaches at Mombasa-North Coast. Artfully placed in a breath-taking topography foreshadowing excellent landscaping. On site is a serene, scenic garden restaurant. The restaurant stands on approximately 1 acre of prime serviced plots within Sunset Paradise Apartments gated community. It has strikingly beautiful gardens, well-manicured golf class lawns and captivating backdrop of a fully grown forest. It has the following structures / facilities: • Set in absolute Serene, Secure and Lovely grounds • Boasts an Olympic size swimming pool. • Basic A-la-Carte and buffet kitchen. • Presently an outdoor restaurant setting, with several tents and outdoor bar and Choma Banda as well as a small 100 Pax but roofed outdoor restaurant sitting area. • DSTV / TV Screens. • DJ house / Good music equipment. • Directors’ offices. • Generator and stores. • Borehole water but also connected to county water lines. • Cabro paving / parking. • Currently also has a 60 Pax conference hall on first floor and 18 pax board room on ground floor. • (Also serving 150 Pax top notch Audio-visual facilities modern conference facility, but this is not owned by the restaurant)  INVENTORY Furniture’s: 27 wooden tables with 88 wooden chairs, 2 quality plastic tables with glass top and 1 quality plastic chair, 1 new pool table. Upstairs: Tailor made wooden low tables, independent sound system with speakers and DJ office. Garden bar: Glasses, sinks. Outdoor barbecue. Large gas tank. Kitchen: 10 gas burners, 4 big freezer, 1 fridge, 2 fryer, 2 electric oven, sinks, many plates, kitchenettes. Inventory: Furniture’s: • 27 Wooden Tables with • 88 Wooden Chairs • 2 Quality Plastic Tables With Glass Top • 1 Quality Plastic Chairs • 1 New Pool Table Upstairs: • GM’s office and equipment Garden Bar • Outdoor (Charcoal) Barbecue Grill • Display counter • POS terminal Kitchen • Commercial Gas Burners10 • 4 Big Freezer • 1 Fridge • 2 Fryers • 2 Electric Oven • 8 Sink • 154 Plates • 5 Kitchenettes • 1 Large gas tank • 1 cold storage freezers Equipment’s • Computers – 3 • POS x1 • Other General Office Equipment 60 Pax conference • 2 small tables 4 seating - 2 • Long tables (draped) - 10 • Audio-visual equipment • Air-Condition. • Conference chairs – 90  Other operating details are: - Inventory Value: Ksh 5,000,000 (USD 38,865) Real Estate Value: Ksh 56,780,000 (USD 441,353) Build up area and Large Pool Ksh 32,000,000 (USD 247,938) Total value Ksh 93,780,000 (USD 726,614) Good will Ksh 7,000,000 (USD 54,377) TOTAL SALES VALUE Ksh 100,000,000 (USD 777,303)  SALES PERFORMANCE Our current profit and loss posts a net profit of about Kes 1.2 million for the months of October, Kes 1.5 million for the months of November, Kes 2 million for the months of December Once the 120 apartments are all built up in around three years from now and ongoing AND future restaurant developments marching with increased people / diners’ patronage, the restaurant should make a net profit of Kes 4-5 million per month. Electricity Consumption Ksh 80,000 / month (USD 620) Water Consumption Ksh 3,500 / month (USD 27) Competition: There are many other restaurants in Mombasa. Sunset Paradise Restaurant is potentially the largest restaurant in Mombasa because: - There is a new state of art 210 Pax conference facility as well as 120 existing apartments and another upcoming 180 apartments. Total 300 apartments to be served by the restaurant. Our staff outlay is as below: 1) General Manager - 1 2) F & B manager - 1 3) F & B supervisor - 1 4) Bar-lady - 1 5) Service staff - 6 6) Accountant - 1 7) Cashiers - 3 8) Chef and kitchen staff - 4 9) Support staff – 5 Our Trading Hours are: 5 AM to 10 PM Training: We aggressively support training of our staff. 5. FUTURE DEVELOPMENTS The restaurant is currently serving 120 apartments out of the upcoming 300 apartments. Sunset Paradise Restaurant will therefore be forced by the increasing diner’s in-flows and new clients supplied by the new conference, new and old apartments (300 apartments!) and walk-ins to expand and improve on facilities. There is provision of adding some hotel rooms on top (upwards) of the existing office/reception block. 6. WHY SELL THE RESTAURANT - The original intention was always to sell the restaurant, like the sale of apartments all sold out and serviced plots (ongoing.) - Indeed we have floated the sale of the restaurant to the wider market for the last 3 months or so. - The owner Dr. Fredrick Gikandi wants to retire hence the reason why the restaurant is on sale. 7. VALUE PROPOSITION We are offering this hospitality product as below:- 1. Scenic garden restaurant which will going forward, be the largest restaurant in Mombasa in terms of clientele. 2. A bargain buy for your organization of restaurant with a seating capacity of up to 500 guests. We serve this number during the Christmas season. 3. Possibility of building capacity by investing in hotel rooms.  The bargain buy package being offered at :- • KSH 85 million (Restaurant and the land it stands on) MODE - We attach a prospectus. The restaurant is for sale at Ksh 85 million. The Restaurant sale can be concluded over a 90 day period or 6 months period as below: - OPTION 1 a) 90 days • 20% deposit @ Ksh 17,000,000 • Balance @ Ksh 68,000,000 payable in 90 days. • Handover on payment of last installment OPTION 2 a) 30% Deposit @ Ksh 25,000,000 • Balance @ Ksh 60,000,000 payable by STRICT 6 months instalments of Ksh 10,000,000. • Handover on payment of last installment. N/B: The offer is available to individual or group buyers but the payment terms must be STRICT in view of the terms of payment . We would be happy to receive any questions from you or book a date when you can come and see this scenic restaurant.