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Days Only Coffee Shop Franchise, Benoni Area, For Sale

Benoni area., Gauteng, South Africa
Asking Price:
R750,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This excellent Coffee Shop Franchise is well located in a suburban shopping centre in the Benoni area, at the entrance to a branch of one of the major Supermarket Groups, to which it is affiliated. Preferably, the Franchisor would like to sell the coffee shop to an experienced operator who will run the shop 'hands-on', however, they will supply extra training for a potential Buyer that has not been in the Hospitality Industry before, as long as the buyer wants to run the business full time, ‘hands-on’. The Franchisor will also discuss means to help the new owner navigate his way through the next 6 to 12 months as the Covid Pandemic starts to dissipate. The franchisor is in the process of doing a full revamp to the shop, which has been open for almost 10 years. The idea is that, going forward, the new Owner will Purchase a Brand New Shop that comes with a 10 year history, including regulars that have been customers for many years. The business is being sold for R750k, which includes the revamp, so the new operator will be trained at one of their other sites, while the revamp takes place. They sell all the usual Coffee Shop fare from All-Day Breakfasts to Toasted Sandwiches, Wraps, Open Sandwiches, Salads, Pastas and various lunches. An excellent opportunity that is unique, because being affiliated to a National Supermarket Group, there are many extra opportunities for expansion for a knowledgeable 'hands-on' experienced operator.
An excellent opportunity being sold at a very reasonable price, just right for a young Owner/Operator to continue with a fully revamped going concern, with lots of room for future growth and expansion.

Property Information

Real Estate:

Lease

Location:

Well located in a suburban mall at the entrance to a branch of a major Supermarket Group, with lots of passing trade and many regulars living in this mostly residential area, located in Benoni.

Business Operation

Expansion Potential:

Should the new owner be successful, the Franchisor will entertain the owner opening more shops for the Group.

Competition / Market:

Although there are other food outlets in the centre, there is no direct competition to this business, and the Landlord, being the Franchisor as well, will not allow any other Coffee Shop to open in the same centre, as it is in their interest for their own Franchisee to succeed.

Reasons for selling:

The Franchisor is revamping the shop completely, and wants an Owner/Operator to run the business, which has not been the case for the last few years.

Trading hours:

The business is open Monday to Sunday from 8am to 6/7pm.

Employees:
Because of Covid the business is running on slightly less Staff than normal, however this will increase once the revamped store is opened.
Years established:
The business has been open for the past 10 years, and was the most successful store in the Group.

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

The Franchisor will supply the necessary training for the new Owner, and a once-off Joining Fee of R75k plus Vat, over and above the Selling Price, will be due to the Franchisor, who must approve the Buyer before a Sale may take place.

Furniture / Fixtures value:
R500,000 - included in the asking price
Inventory / Stock value:
R10,000

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