Restaurant & Coffee Shop with Bar

East Rand
Price : R 800,000
Listing Type : Coffee Shop
Location : East Rand
Condition : Franchise
Ref No. : 3009
Year Established : 5 years
No. of employees : 13
Trading Hours : 7am - 6pm
Lease Term : 5 years
Turnover : R 248 000 pm
Cost of Sales : R 124 000 pm
Expenses : TBD
Net Profit : TBD
Asset Value : R 571 187
Stock Value : R 100 000

This franchise brand was established in 2012. From its inception it was meant to be a light meal and coffee shop catering for all sectors of people. The ambience is Afro-European where people can meet, eat, drink, chatter or just relax. The menu is designed to allow for each franchisee to present their own specials within our concept. they have over the years managed to become part and parcel of the community and serve wholesome food without the frills. The establishment also has a liquor licence.

The current owner bought this franchise in February 2024, unfortunately the owner chose to let the store be manager run, this has resulted in the expenses and cost of sale not been managed, and allowing the business to be run at a loss. The owner has other businesses in his portfolio where he is actively involved and therefore, he has decided to put it on the market for less than what it would cost to set up a franchise like this.

The business is located directly next to a large retail key tenant in a centre that has new residential development all around it. This is an opportunity for an experienced Restaurateur to take over the business and benefit from the potential profits.

 

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