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Coffee Shop In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R980,000
Sales Revenue:
R3,606,000
Cash Flow:
R414,766

Sold by Cliff Bell of Aldes - 1 Feb 2020 (another happy seller and purchaser)
SP of R980 000 excl stock of R15 000, on a Net Profit of R414 00 for the last 12 months, but 2019/20 is already showing & Will be some R550 000 ( including owner benefits).
Busy & Top Coffee Shop on a main entrance to a top Westville Mall, with an inside/outside feel. Solid base after 4 years - now give it your personal touch. Manager in place, although owner is around quite a lot. Presently day time operation that could be extended into early evening & takeaway's/catering, brining in further profits, which are already rising each month to some R550 000 in 2019/20.
14 (12 full-time & 2 temps): being 1 Manager, 4 cooks, 2 cleaners & 7 watrons - working 5 days on & 2 days off - all well trained & good at their jobs
The owner is in charge of the finances & overall management most of the time, as he is often there when not at his other smaller business.
The External Accountant fees are quite high as they process all - VAT, Y-Tax, PAYE, UIF, SDL, & MA's.

Property Information

Real Estate:

Lease

Premises Details:

70m2 inside & outside areas (each) @ R32 700P.M (excl VAT) with a 9% escalation
excl E & W & Gas - separately metered @ some R12 000 P.M

Business Operation

Reasons for selling:

Emigrating

Trading hours:

Mon - Sun : Day time

Years established:
4

Contact Information

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