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Coffee Shop In Northern Suburbs For Sale

Northern suburbs, Western Cape, South Africa
Asking Price:
R700,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

State of the Art fully Equipped Coffee Shop in Popular Cape Town (Northern Suburbs) Mall. Full Service Restaurant. Very Convenient Trading Hours - see below. Location approved by a leading industry franchisor restaurant group in SA. This business is selling way below replacement cost of the equipment. See below for a summary list of the most important pieces of equipment. Value of equipment is current estimated market values. Personal circumstances of the founder/previous owner, forced the sale of this highly attractive business opportunity for any entrepreneur passionate or experienced in the hospitality industry. Serious buyers that have financing in place to ensure a quick handover are invited to request the mandatory confidentiality documentation (NDA) to access further information of this excellent opportunity.

Property Information

Real Estate:

Lease

Lease Terms:

Including electricity, utilities, marketing fund contribution, etc. The landlord issues one invoice including all of the above.

Leasehold Rent:

540 000 per annum

Location:

Popular Regional Mall in Cape Town Northern Suburbs. Most national brands are tenants i.e. Woolworths, Mr P, Foshinis, Game, etc.

Premises Details:

Designed, fitted and equipped by a leading restaurant franchise. Everything you need to run a +100 seater restaurant. Walk in, switch on the light and trade....

Size in square feet:
300 sq m
Planning Consent:

All zoning requirements are fulfilled by the landlord.

Business Operation

Expansion Potential:

The business has been run without proper owner focus and energy since the tragic passing of one of the founders. It is ripe for the picking to claim it's rightful market share in this popular landmark mall in the northern suburbs of Cape Town. This business has been equipped to the highest standard befitting a leading national franchise - as it was when established 5 years ago. There is an industrial dish washer, industrial ice machine, state of the art espresso machine, coffee bean grinder, sturdy restaurant furniture, POS, under counter fridges, industrial oven and proofer, industrial mixer, u/c freezers, beverage fridges, grillers, deep fryers, extractor, etc.

Competition / Market:

Most national food franchises approved this mall as suitable for this type of hospitality business i.e. Spur, Steers, Ocean Basket, KFC, etc.

Reasons for selling:

The passing of a founder of this business triggered the first sale of this business. It is currently looking for a entrepreneur to elevate this business to gain its rightful market share in this mall.

Trading hours:

09:00 - 19:00 Mo - Sat
09:00 - 17:00 Sun

Employees:
6 incl. one manager, 2 waiters, 2 kitchen staff and a barista. The owner can replace the manager or make the manager position a half day position. .
Years established:
5 years ago as a leading national restaurant franchise. It has since been de-franchised in order to increase viability and profitability.

Other Information

Support & training:

2 weeks training at no charge included in the selling price. Thereafter as per agreement.

Financing available:

Cash buyers to the front. Terms for a small portion of the selling price can be considered for approved buyers at the sole discretion of the seller. Prospective buyers should have a substantial percentage of the selling price available in cash investments. An acceptable credit record, industry experience on a managerial level, etc. will be considered.

Furniture / Fixtures value:
R840,000 - included in the asking price
Inventory / Stock value:
R20,000

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