Eatery assets sold off as restaurants close at rate of one-a-week
WESTERN Cape Auctioneers last week sold off the assets of the Dros restaurant at Cape Town International airport.
Staff removed all the assets and the interest in the auction was huge, marking Western Cape Auctioneers’ position as the specialists in the field.
Auctioneer, Stef Olivier said that restaurants continue to close down at an alarming rate.
However, at the same time, many restaurateurs have embarked on refurbishments and are getting ready for the high season.
WCA closed six restaurants last month and already have five lined up for this month.
WCA group will also be taking on something different this week, when they launch regular boat auctions due to public demand.
The auctioneers had great success with such sales last year and will be placing seven boats under the hammer on Thursday, November 12 at 11am at their auction house in Brackenfell. As well as boats, vehicles, forklifts, motor bikes and pit bikes, an x-cube pipe car will go on sale.
A special feature at the boat auction will be the antique furniture on sale, some of the items being more than 90 years old. The furniture has been imported from India. It features beautiful wood carvings and designs and ranges from mahogany desks, pedestals and carved mirrors, to bookshelves, tallboys and some unique swing doors. Only 40 items are available.
The auctioneers will put all the boats and vehicles on the block first and will then move on to the antique furniture.
For more information, call 082 823 2 615 or 021 981 6687.
BEFORE AND AFTER: The assets of the Dros restaurant at Cape Town International airport – its equipment, fixtures and fittings were sold at auction last week, leaving behind an empty space.
DRIVEN TO SELL: Western Cape Auctioneers will this week offer for sale boats, cars, forklifts, motor bikes and more.