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This is an incredible opportunity to buy an extremely sort after coffee shop in fnb bank city, which are few and far between, and hardly ever come onto the market. A long lease would be available to the appropriate purchaser. Fnb employ 14,000 people on the site. The purchaser can decide whether or not to keep the franchise, as it has come to an end, and if not, an extra r130,000 royally fee could be added back to the r238,000 net profit shown in the financials. Salaries expense in the financials include excesses of r15,000 per month.
The business has stood the test of time and been in existence for 6 years. Their business hours are the wonderful hours from 7am to 4 pm monday to friday. A liquor license may be applied for, and this could change the whole face of this coffee shop, and double profits!!!
There is a big demand for halal, and the purchaser may wish to convert the shop to halal which will also increase profits substantially. The business has not operated from march until now, nor has the r13,000 monthly rent been payable, nor does rent need to be paid for august and september months, although, food lovers market, across the road, has just opened, and there are signs of more staff coming to work.
The space of the business is 137 sq m which is a big shop. The set up cost of this shop was r1.4 million. Fixed assets are valued at r800,000.
Price: r900,000 buy quickly because this business will be sold within one week!!!!
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