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Coffee House And Roastery In Paarl For Sale

Paarl, Western Cape, South Africa
Asking Price:
R3,000,000 Furniture / Fixtures included
Sales Revenue:
R3,720,000
Cash Flow:
R900,000

This iconic coffee house and roastery has been in Paarl for many years.
It is referred to as a mummy and student favourite, but it is also used as an informal meeting place for businesspeople, school students and just family and friends.
It is located in a historic building and has three open plan levels as well, giving it a relaxing feel to clients coming in for coffee, food or to work away on their laptops.
Yes, it has wi-fi.

The coffee roaster with its roasting sounds and flavours creates a homely, buzzy feel.
In addition to entertaining daily customers, they also roast small batches of beans daily using beans sourced from all around the world.
They use their coffee not only to provide its customers with their daily fix, but also to supply retail and wholesale customers all around the country.
The owner has different opportunities to pursue and wants to ensure that a new owner with the same passion takes over from him.
Although currently “owner managed”, it is very much suited to be run with a dedicated manager.

Turnover is on average R310k per month with a net profit before tax of R75k.
Rent is R33k and salaries for 9 employees averages at R50k per month.
The lease is for 5 years and renewable for another 5 years.
Assets included in the sale is +/- R1.1m.

Property Information

Real Estate:

Lease

Leasehold Rent:

R396,000 per annum

Location:

Located in a Historic Building

Business Operation

Reasons for selling:

Owner is pursuing other interests

Trading hours:

Mon - Fri: 7am - 5pm.
Sat: 8am - 2pm.

Employees:
9

Other Information

Support & training:

Full handover by owner.

Financing available:

No

Furniture / Fixtures value:
R1,100,000 - included in the asking price