This Franchised Coffee Shop was opened 21 years ago by the original owners in a well known Entertainment Complex on the East Rand, and is still owned by them. The business sells all the usual coffee shop fare like Breakfasts, Tramezzini, Toasted Sandwiches, Salads & Wraps to name a few, however they have maintained the quality and top service that they became known for, to this day. Also included are their 'Anytime Favourites' such as their scrumptious Burgers, Various Food Snack Baskets and excellent Cakes, and of course, great Coffee! The business is part of one of the Largest Franchise Groups in the country, and this well run store is an opportunity not to be missed. An excellent business, well located in a major entertainment complex, with a 21 year history.
This is a top quality BEE opportunity! Don't let it pass you by!!
- Asking Price:
- R1,350,000 Furniture / Fixtures included
- Sales Revenue:
- Available on request
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Lease
- Location:
-
Very well located for the past 21 years in a major Entertainment Complex on the East Rand.
Business Operation
- Competition / Market:
-
There are other food outlets in the complex, however they do not have any direct competition.
- Reasons for selling:
-
The Owners feel that after 21 years, it is time to move on, and to stop working on weekends and at night.
- Trading hours:
-
The trading hours are shorter than their pre-Covid trading hours, which are Sunday to Friday 8am to 10pm, and Saturdays from 8am to 11pm. As Covid hopefully moves on and more of their old customers start coming back, as has alreafdy started to happen, they will open later.
- Employees:
- They have a Total of 10 Staff members, which includes 2x Managers and 4x Waiters. Some of the staff members have been with the business for 15years, and a few for 20 years.
- Years established:
- The business has been established for 21 years, and still owned by the original owners.
Other Information
- Support & training:
-
All support and training will be supplied by the Franchisor, who must approve the purchaser before a Sale my take place. There will be a once-off Joining Fee, over and above the Selling Price, to be paid to the Franchisor of R75k plus Vat.
As previously mentioned, this is strictly a BEE opportunity.
- Furniture / Fixtures value:
- R700,000 - included in the asking price
- Inventory / Stock value:
- R40,000
