Sorbet In Cape Town - Winelands For Sale

Cape Town, Western Cape, South Africa

Asking Price:: R1,950,000

Sales Revenue:: R4,200,000

Cash Flow:: R587,000

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This sorbet is located in a popular village shopping centre with Woolworths, Clicks, Checkers, and Food-Lover’s Market anchor tenants and secure underground parking.

The owner has 2 stores. A family member was managing this store but is now emigrating.

Property Information

Real Estate:: Lease

Lease Terms:: New 5-year lease. Lease escalation: 8%

Leasehold Rent:: R660,000 per annum

Premises Details:: 3 treatment rooms, 6 mani stations, 5 Pedi chairs

Business Operation

Reasons for selling:: Family reasons

Trading hours:: Mon-Fri 9am—6pm, Saturday 9am-5pm, Sundays 9am—2pm

Employees:: 12

Years established:: Over 10 years in operation

Franchise Information

Franchise opportunity:: Franchise Resale

Franchise terms:: Joining fee R175 000. 6.5% royalty. 3 or 5 year contract. 1 month training included in the
franchise fee. At least 50% of purchase price must be funded from own resources.