Established Cafe with a 20 year track record for sale. Located within a popular and trendy shopping precinct in Johannesburg. Anchor tenant location with a loyal client base. Well frequented brunch restaurant supporting a daytime lifestyle. Opportunity to grow into the evenings. A profitable business with a gross revenue in excess of R15,000,000 per annum. Owner is emigrating.
- Asking Price:
- R3M - R8M
- Sales Revenue:
- R15,000,000
- Cash Flow:
- R1.5M - R3M
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
3 Years with an option to renew.
- Leasehold Rent:
-
R540,000 per annum
- Location:
-
Prime location in the Milpark precinct in Johannesburg.
- Premises Details:
-
The premises offer a unique collection of boutique stores.
- Size in square feet:
- 150m2 indoors plus outdoor seating; accommodating 130 seats in total.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
The prime location offers a unique opportunity to expand into the evenings, or host special events.
- Competition / Market:
-
The business has survived few competitors who have come and gone, making us the anchor tenant. The prime location will secure your investment.
- Reasons for selling:
-
Owner is emigrating.
- Trading hours:
-
Monday - Sunday from 8am until 5pm.
- Employees:
- 34
- Years established:
- 20
Other Information
- Support & training:
-
A handover period is negotiable.
- Furniture / Fixtures value:
- R750,000
- Inventory / Stock value:
- R100,000
- Relocatable:
- This business can be relocated
