- Popular and busy outlet in large and active shopping centre
- This non-franchised private business launched in 2017 and relocated to this site in 2021.
- Located at a busy entrance next to Woolworths
- Primarily focused on cakes and pastries but also has a coffee & light meal menu.
- Trading hours – 9am to 6pm daily
- Owners are hands on but experienced chefs and pastry chefs form part of the permanent staff complement
- Almost everything sold is produced in-house allowing for larger profit margins.
- Total Number of Staff – 14 full time plus some casuals on weekends
- Average Turnover: R860 000 per month (latest 12-month period)
- Monthly rent, utilities and rates of +/- R88 000
- Average Net Profit: R320 000 per month (latest 12-month period)
- Own generator in-house covering 95% of all needs if and when required
- Average stock holding at any time: +/- R120 000
- Coffee on offer under a preferential supply agreement with a very well-known coffee group.
- Not a franchise so there are no royalties payable.
- Seller wishes to retire but happy to provide handover on-site support for up to 2 months following take-over.
- Asking Price: R8.5 million (excluding stock)
- Asking Price:
- R8,500,000 Furniture / Fixtures included
- Sales Revenue:
- R10,320,000
- Cash Flow:
- R3,840,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
R650,000 per annum
- Location:
-
Very busy and large shopping centre
Business Operation
- Reasons for selling:
-
Owners retiring
- Trading hours:
-
Open 7 days per week from 9am - 6pm.
- Employees:
- 14
- Years established:
- 7
Other Information
- Support & training:
-
Full handover by owner
- Financing available:
-
No
- Furniture / Fixtures value:
- R1,400,000 - included in the asking price
- Inventory / Stock value:
- R120,000
