The business is located in one of the only strip malls in Hout Bay. It is a coffee shop with an Italian flair that serves breakfast, Italian pasta, pannini, salads and cakes and the best coffee. It is fully licensed and is a great opportunity for an owner/manager to further develop its potential. It has been around for more than 12 years with loyal support form both locals and tourists.
- Asking Price:
- R750,000 Furniture / Fixtures included
- Sales Revenue:
- R2,400,000
- Cash Flow:
- R160,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Three year lease, renewable
- Leasehold Rent:
-
R240,000 per annum
- Location:
-
Strip mall in the small village of Hout Bay
- Premises Details:
-
Leased premises in the mall
- Size in square feet:
- 77 sq. meters
Business Operation
- Expansion Potential:
-
Extended trading hours with a full dinner service
- Competition / Market:
-
There is no direct competition in the mall but there are similar businesses in the area
- Reasons for selling:
-
The owner is busy relocating
- Trading hours:
-
07h00 - 18h00
- Employees:
- 8
- Years established:
- 13 years
Other Information
- Support & training:
-
Support and training will be provided
- Furniture / Fixtures value:
- R390,000 - included in the asking price
- Inventory / Stock value:
- R30,000
