The business is as easy as it gets. Five small shops are rented out to food vendors within a rooftop venue with aesthetics and seating. Five separate tenants pay you rent monthly. You make additional income through event hire and entertainment services. All shops are fitted with prepaid meters per tenant. The property is on a 3-year lease with an option to extend to 5 years. The tenants are on a 12-month lease. Each shop pod is built with aesthetics in mind, and the venue has an amazing vibe. The sale will include the brand of the concept and the socials. It's a unique concept that generates passive income.
- Asking Price:
- R550,000
- Sales Revenue:
- R100K - R500K
- Cash Flow:
- Not applicable
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
3 year lease
- Location:
-
prime commercial area in a guarded and gated centre
- Premises Details:
-
roadside outdoor shopping centre. Business is based on the rooftop
- Size in square feet:
- 125 sqm
Business Operation
- Expansion Potential:
-
At the moment, the business is only generating revenue from the rental collections. There is potential to hire out the venue with enquiries already being made, entertainment with payment entry being promoted, as well as rental inflation to look forward to.
- Competition / Market:
-
N/A
- Reasons for selling:
-
Business non-core and require the funding to expand my core business.
- Trading hours:
-
Tuesday-Sunday, 9-7
- Employees:
- 0
- Years established:
- Less than a year
Other Information
- Support & training:
-
None required however any required advice or assistance is provided
- Furniture / Fixtures value:
- R400,000
