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Coffee Shop, Top Location, East Rand, For Sale

East Rand, Gauteng, South Africa
Asking Price:
R3,000,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This lovely 240 seater Coffee Shop is very well located in a major mall on the East Rand, and was revamped approximately a year ago. The business has been going for the past 9 years. They serve really excellent meals from Pizzas to Pastas, (using a Wood burning Oven), Burgers, Prego Rolls and a variety of restaurant fare from Steaks to Chicken including various signature dishes. Coupled with all of the aforementioned, their Breakfasts are excellent, as is their all day Menu, including Toasted Sandwiches, Wraps, Salads and Open Sandwiches. Being a Licensed Establishment they serve wonderful Cocktails and many other drinks, and generally cater for all tastes.
The present owner is involved in a businesss that is not food related so currently the business is manager run, therefore he wishes to sell the business urgently, as the Landlords prefer owner run businesses in their centre. The Managers are very capable and do an excellent job, and will obviously stay on with the new Owner. The Seller is willing to Sell the business at the reasonable price of R3, 000, 000-00, (negotiable), plus Stock. Bear in mind that the revamp that the owner did 18 months ago cost over R3,5m then, and also he is willing to negotiate terms and/or discuss ways to make the purchase easier, providing the potential Buyer is an operator that wants to run the business 'hands-on', so that the Landlords will not have any issues giving an experienced person a new Lease.
A lovely opportunity for an operator to buy a business in a major mall, at a very reasonable price. Should not be missed!!

Property Information

Real Estate:

Lease

Location:

Very well located in a major mall on the East Rand.

Premises Details:

The shop is attractively designed, and was revamped approximately 12 months ago, and can seat up to 240 pax.

Business Operation

Reasons for selling:

The Owner cannot work in the business, as he is involved in another business, and the original operating partner is no longer in the country. At this stage the business is Manager run, which Managers do an excellent job.

Trading hours:

At the moment they are open 7am to 7 pm, Monday to Saturday, and 7am to 5pm Sundays. Pre-Covid they used to open later, so there is of course opportunity to develop the evening business when Covid-19 has hopefully left the planet, in the not too distant future.

Employees:
They employ 25 permanent Staff, which includes 3 Managers, plus they have 12 Waiters working on commission and Tips.
Years established:
The business has been owned by the present Owner for the past 9 years.

Other Information

Financing available:

The Owner is willing to discuss any reasonable way to make the Purchaser's Deal as easy as possible, providing the Purchaser has the relavant experience in the Food Business.

Furniture / Fixtures value:
R4,000,000 - included in the asking price
Inventory / Stock value:
R100,000

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