086 1222 021

info@scsgroup.co.za

Price Range: From To

CBD Restaurant / Coffee Shop / Bar For Sale

R600,000

Business Description

The restaurant is located in the heart of the CBD, serving Breakfast, Lunch and Din-ner, coffee and bar service to mostly shoppers, office workers and residents of the numerous apartments coming on stream in the inner city. Food and Beverage split is 60/40.
After only 9 months with the present owners the business has yet to break even.
The establishment has only recently extended hours beyond 6pm so the benefit has not yet reflected in the figures.
The fixtures, fittings and equipment are all in excellent condition and the location is good.
Hence the selling price is based on asset value only.

Business Details

  • Property ID: PER194
  • Price: R600,000
  • Turnover: R1.8mil
  • Actual Profit/Year: R960k
  • Turnover range: R1mil-R2mil
  • Profit range: R850k-R1.5mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Not a good fit
  • Business history: 17 years—1 year with current owner
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 150 sqm, 80 seats
  • Rent & lease terms: R37 000 per month / Remaining 7 months with 3-year renewal option
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: R600 000
  • Stock included in sale: No
  • Value of stock: TBC
  • GENERAL COMPANY INFO:

  • Employees: 8 plus owner
  • Trading hours: Mon 6:30am - 6:00pm, Tues - Fri 6:30 - 8pm, Sat 8:00 - 1:00pm
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Cape Town CBD
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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