Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Business For Sale. Popular, Well-sited Coffee Shop Is A Money-maker!

LISTING DETAILS
Firms For Sale ID:
32050
Vendor reference:
12904
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$388,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This popular coffee shop is superbly positioned within a busy Mall, in a prime Hibiscus Coast CBD location.

Situated directly opposite two extremely popular clothing shops, it is also on route to the main Hypermarket so enjoys significant passing trade.

The present owner has had the business for 14 months although the business was established about 10 years ago.

The target market is mainly locals with an increase in business during holiday season. The business is featured in a local booklet called â??Exclusive Holiday and Business Registerâ?ť as well as advertised in the Yellow Pages.

Average monthly income for the year ending 31 August 2012 is > R90K with a nett monthly average profit of R15,500 on which, a R.O.I. of +/- 50% (25-months payback) can be expected.

All the assets are in good condition with several expensive items having been bought recently.

The current lease has a five-year tenure with annual escalation at the rate of 10% occurring in December of each year! The landlord is aware of a pending sale and the lease is transferable.

The staff compliment includes 3 chefs and 2 waiters, all of whom are keen to remain on in the business under new ownership.

With the correct marketing, this business has definite potential for growth while recent changes in the type of Coffee sold and the introduction of discounts for pensioners has seen a marked increase in customer numbers. Further promotions can only increase sales!

The business has seen a remarkable turn-around in the past 14 months, and itâ??s popularity is growing along the Lower South Coast of KwaZulu-Natal making this an investment well worth considering at the asking price of R388,000.00!

For more information, please contact the listing Broker