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Corporate Coffee Shop, Office Block, Sandton Cbd, For Sale

Sandton CBD - Key Site, Gauteng, South Africa
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
R4,000,000
Cash Flow:
Available on request

This '5-day operation' is very well located in an "A" Grade Office Block in a key position in the Centre of the Sandton CBD. They are open Mondays to Fridays from 6-30am to 4-00pm. A very attractively designed shop that is a very well run business, that has all the necessary equipment to run a full-on professional operation, with lots of catering opportunities to boot! They serve a wide variety of tasty snacks all day long, with a mix of deliveries, sit-down customers and takeaways. The business has a full Coffee Shop Menu serving from Toasted Sandwiches, to Rolls, to Pizzas, to Burgers, to hot Chips, as well as signature Breakfasts and Lunches. Obviously the Covid issue has affected them as it has all hospitality businesses, however the fortunate part of this Lease is that they do not pay Rent, they are only responsoble for their Utilities, and also, having all your customers at your doorstep does tend to help tremendously.
The business has been going since 2015 and still owned by the original Owner who, because of the Covid issue, has dropped the Selling Price to R1.2m, plus Stock of approximately R30k. This makes this shop an excellent 'value for money' opportunity for an experienced person who has the know-how to run a business of this nature, and who wants to run the business 'hands-on', and who is also keen on doing a lot of catering as well!
An opportunity not to be missed, because during the coming months, once the 2nd Covid-19 Wave has passed and the Vaccinations start, the only way for this business to go is up, as more and more of the corporate workers make their way back to their offices.

Property Information

Real Estate:

Lease

Lease Terms:

There purchaser will be given a proper Lease, however there is no Rent payable, save their Utilities.

Location:

Located in a key site in an "A" Grade Office Block in the Central Sandton CBD.

Business Operation

Expansion Potential:

The potential for doing even more catering will continue to improve as Covid-19 eventually dissipates

Competition / Market:

Even though on of the tenants has its own Canteen, this business is still well supported by the workers that want good healthy Coffee Shop Fare, at value for money prices, and needless to say they cater for a lot of those offices when they have important guests for meetings.

Reasons for selling:

Although the Owner has 2 other businesses as well, he will be selling this shop to join his family overseas.

Trading hours:

The business is open from 7am to 4-30pm Mondays to Fridays. Closed on weekends, Public Holidays and over the Festive Season.

Employees:
The Staff compliment has been tailored to suit the current business trading conditions owing to Covid-19.
Years established:
The shop has been established since 2015, and was beautifully designed by the present owner.

Other Information

Support & training:

The owner will stay on to train the new owner in the way he runs his business, for a period to be negotiated, free of remuneration.

Furniture / Fixtures value:
R800,000 - included in the asking price
Inventory / Stock value:
R30,000

Contact Information

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