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Fantastic Restaurant Coffee Shop In Fourways For Sale

Fourways, Gauteng, South Africa
Asking Price:
R1,850,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3,240,000
Cash Flow:
Under R100K

Restaurant located in the heart of Fourways, is ideally located near Monte Casino and along the very busy Witkoppen road.

Non Franchise Restaurant.

The restaurant bas been operating for 19 months now and has managed to build up a fantastic client base and is still in a growth phase.

It is superbly decorated and the furniture, fittings, kitchen equipment and decor of the restaurant are really superb. No further money needs to be spent on the existing setup.

There is loads of potential to grow this business from the existing base.

Business is at breakeven point at this stage and needs an hands on operator to take this business to the next level.

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease with a balance of 3 years remaining with an option to renew for a further 3 years. Although a new lease could be set up to sort the new owner's needs

Location:

Ideally situated in the bustling are of Fourways, close to Monte Casino and along very busy Witkoppen Road

Premises Details:

Premises are leased with balance of the rental period still valid with an option to renew.
Fantastic access controlled parking.

Business Operation

Expansion Potential:

More marketing is needed for this restaurant with a push towards more private and corporate functions, which the restaurant definitely lends itself too.

Competition / Market:

There are quite a few restaurants in the area that will be in competition to this restaurant but they have managed to develop a loyal client base with a unique offering.

Reasons for selling:

The current owners are in the process of relocating to another province.
They were hands on and will not be able to carry on with this venture

Trading hours:

Monday to Sunday, breakfast, lunch, dinner

Employees:
11
Years established:
2

Other Information

Support & training:

The current owners are willing to do takeover period of 2 to 3 weeks with the new owner and the current manager is willing to stay on if needed.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

The new owners will be willing to self finance 40% of the sale price, as long as the new owners can put down 60% of the sale price

Furniture / Fixtures value:
R2,000,000 - included in the asking price
Inventory / Stock value:
R100,000 - included in the asking price