Excellent Location, Newlands
Coffee Shop For Sale in Cape Town: Situated in an excellent location in the heart of Newlands, Cape Town. Not only is this a Coffee shop but also a vibrant and popular Deli and Bistro is well-known and has an established client base and following.
The Deli and Bistro have an Italian-inspired theme and offer delectable food in true Italian fashion. Offering excellent coffee a variety of light meals, delectable sweet treats/pasties, and an excellent deli range there is something to delight all its clientele.
The current owners took over the business in 2020 and although they are inexperienced restauranteurs, they have created a highly popular Deli, Bistro and Coffee Shop.
The shop size is approximately 160m² and well laid out.
The business has an average monthly turnover in excess of R500,000. Due to the current owner's inexperience in managing the margins of a Deli and Bistro, the business is currently running at a loss.
The asking price for the business is R1,700,000 negotiable and excludes stock and VAT.
The business has a second-hand asset value of around R1m.
Buyers have two options:
1. Buy the business as an asset sale, or
2. Buy the shares of the company, this comes with several significant potential tax benefits as the company has a significant loss as well as shareholder loans. A buyer would need to confirm this with their accountant.
Any interested buyers would need to renegotiate the lease with the landlord and the current lease agreement is coming up for renewal.
This business and location offer an excellent opportunity for an astute buyer. The Sellers are highly motivated to sell and open to considering all offers from serious buyers.
