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Coffee Shop, Office Park, 5x Day Week, Johannesburg For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R1,500,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This excellent, profitable, '5x day week' Coffee Shop is well located in an upmarket Office Park in the Northern suburbs of Johannesburg.

The business has been established for many years, with the present owner having had the business for the past three years.

The kitchen was upgraded about 14 months ago, and the shop is in very good condition and making a very decent profit.

The business has an excellent deal with the Landlord, in that their rental is based on 4% of Turnover, which is really reasonable and helps tremendously over months like December and January when a lot of the corporates are closed for half the month during the Festive Season.

The main thrust of the business is to supply the tenants with excellent food and service at a fair price.

The business has sit-down trade, takeaways, and a lot of phone-in deliveries from the tenants in the Office Park. They are open from 7 am to 3 30/4 pm, from Monday to Friday, and closed at weekends.

They supply all the usual coffee shop fare, plus various specials depending on the time of year and the weather.

Even though the business is very profitable, there is still a lot of opportunity for growth as the office park is not 100% full yet, and there are new tenants moving in within the next few months.

More importantly, there is a lot of demand for much more catering than they are doing currently because the present owners want to sell the business and move to Kwazulu Natal, so they are not keen to pursue this avenue of the business, and therefore only do a small amount of catering when requested.


Overall, this is an excellent shop in a very secure upmarket office park, with lots of room for growth.

An excellent opportunity for an experienced operator that should not be missed!!

Property Information

Real Estate:

Lease

Location:

Well located in an upmarket Office Park in the Northern suburbs of Johannesburg.

Premises Details:

An upmarket Office Park, well located on a very busy and well known street in the Northern suburbs of Johannesburg, with easy access to the Highway.

Business Operation

Competition / Market:

One or two of the Offices Blocks in the complex do have their own Canteens, however there are no other independent Food Outlets in the complex. Having said that, despite this, the shop is very popular with those tenants who do not want canteen food, and the businesses still use the Coffee Shop for their special guests.

Reasons for selling:

The owners wish to move to KwaZulu-Natal.

Trading hours:

The business is open 5x days a week from 7am to 3-30/4pm. They are able to do functions over the weekends and during the week, both during the day and at night, should they wish to.

Employees:
They have a total of 8 employees, which includes one Manager who is capable of opening and closing the business, and who is able to run the business on his own from time to time when the owner is away for a week or so. Nonetheless, generally speaking, the owner works in the store full time.
Years established:
The business has been established for over 10 years.

Other Information

Support & training:

All support will be given to the new owner by the seller, who will stay on with the buyer for a period to be negotiated.

Furniture / Fixtures value:
R800,000 - included in the asking price
Inventory / Stock value:
R60,000