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"5 Day Week" Coporate Coffee Shop, Sandton Cbd, For Sale

Sandton CBD, Gauteng, South Africa
Asking Price:
R1,650,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This excellent '5 day week' Coffee Shop is very well located in the heart of the Sandton Office area and caters to the business people in the Offices that surround them. For the past 8 years the Seller has built up a solid following of regulars working in the area, as well as many customers who require deliveries only, coupled with those who only purchase Takeaways. They are able to seat 110 pax at once, including their attractive patio area. Besides producing all the usual popular coffee shop fare such as Breakfasts, Toasted Sandwiches, Wraps, Open Sandwiches & Salads, they also have a daily Harvest Table. Included in their daily routine are various Functions from time to time that are done in-store, as well a big demand for Platters and Catering that they deliver to their clients' offices.
The business continues to be Profitable during Covid, although their Turnovers dropped by 25% to 30%. Despite this, the Landlord has committed, in writing, to invest One Million Rand, Landlord's Contribution, in order to build a Gazebo/Patio cover for their outside area, and to also make the inside area and the kitchen bigger, which will help to make the business even more successful.
This Coffee Shop has been consistently profitable for the past 8 years, and has a Rental Agreement that allows them 50% Rental Discount over December & January of each year. A good worthwhile and solid business, with a customer base that consists mainly of people from the "A" Income Group.
An excellent opportunity for future growth, providing the purchaser is an Operator with plenty of experience in the Restaurant Business.

Property Information

Real Estate:

Lease

Location:

Well located in the Sandton CBD, and is a Corporate business catering to mainly the businesses and business people.

Premises Details:

Set in amongst the Office Blocks in Sandton, this is a full-on Coffee Shop with seating for 110 pax including a lovely outside patio area.

Business Operation

Expansion Potential:

There is a lot of room for expansion, because despite the slight slow down during the Pandemic, the Landlord is still committed to spending R1, 000, 000-00 on a revamp to build a Patio Cover/Gazebo over the outside area, as well as expanding the inside of the store and kitchen.

Trading hours:

The business is open Mondays to Fridays from 7am to 5-30pm/6pm, (Covid dependent), and closed weekends and Public Holidays. They pay 50% of their normal Rental every December and January.

Employees:
They employ a Total of 10 Staff, including 4 waiters, with the Owner Managing the shop full time 'hands-on'.
Years established:
The business is approximately 12 years old with the Seller having had it for the past 8 years.

Other Information

Support & training:

The Seller will stay on with the new Owner for a period to be negotiated, in order to train the new Owner as to how he runs the business now.

Furniture / Fixtures value:
R600,000 - included in the asking price
Inventory / Stock value:
R30,000

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