This reputable “Coffee shop, Cakes, confectionary & Catering business” is situated in Pretoria and was established 23 years ago and been owned/managed by the present Owner since June 2016.
This outlet is located in a convenient 40sqm upmarket Gauteng shopping centre with Woolworths and Clicks as anchor tenants. There are no other coffee shops or restaurants within the centre. The neighbourhood is in the bracket “medium to the upper income” with lots of young families. Eleven retirement villages within a 5km radius and a nearby hospital within 2 km as well as an Industrial Business Area , ensure ample feet traffic
The outlet has an excellent location which are highly visible from the entrance of the shopping centre with next to a large parking area.
The business has earned the trusts of its loyal base of customers over the years with quality service. The Coffee and Confectionery Shop offers a wide range of confectionery, sweet delights, cup, occasion & mini cakes, biscuits & cookies, home baked rusks, platters, savouries and light meals served in their coffee shop area.
This is an easy business to own and manage and the Owner is being supported by well-trained and very experienced staff.
The selling price of the business on offer is R520,000 and include a Movable Asset base of about R175,000 (Kitchen equipment, Office equipment, Furniture and Fittings, Crockery and Cutlery, etc.) as well as Trading Stock at cost of about R45,000.
EBPITD/SDE profit (Earnings before Proprietors Compensation, Interest, Tax and Depreciation – Sellers Discretionary Earnings) for 2020 was R257,570 equating to an excellent ROI of 49.5%.
Full financials are available to serious Buyers who have the required funds available.
This Business will suit an Owner who has a keen interest in the catering industry and with a flair for marketing and explore new opportunities as well.
The current Owner has grown this well-known business with a loyal client base into a profitable operation. The reason for the owner wanting to sell is that she wants to retire.
The business is being sold as a going concern and the Owner will ensure adequate training and assistance after take-over.