Franchise Coffee Shop And Bakery In Randburg West For Sale

Business description

This shop was established by the present owner almost 5 years ago, and has been successful ever since their opening. Extremely well located at the entrance to the shopping centre, it is very convenient to park right outside the shop and once you have completed your shopping at the Spar, which is the anchor store of the centre, there are comfortable couches for one to sit on and enjoy either Breakfast, Lunch, Dinner, or just coffee and a snack. This Italian oriented eatery is well known for it's tasty food, top class breads and pastries, and excellent service. The shopping centre has been acquired by new owners who are bringing in more national retail outlets, coupled with the opening of one of the major Gyms in the middle of next year. With both an 'outside' area inside the foyer of the shopping centre, and a proper covered outside area with fountains and a beautiful view to boot, the shop has a lovely ambience and of course a proper inside seating area for those cold rainy days. Being fully licenced, it is really fun to sit outside in the evenings and enjoy one of their many special cocktails that are available from their separate Cocktail Menu. This well run, well organized and well managed coffee shop is showing average monthly profits of R125,000-00, after Vat.The shop is mainly manager run, although the senior manager will not stay as an owner/operator,(which is what the franchisor wants), will not need the senior manager. The new owner will inherit 2 experienced managers.The franchisor must approve the buyer before a sale can take place, and a once off Joining Fee will be required over and above the selling price. This excellent coffee shop/bakery and confectioner, is one of the most successful franchises in the country, and is a wonderful opportunity for either an experienced operator or someone who would like to learn the businesss, as all training and support will be given by the franchisor. With an excellent basic rental of only R38k, one cannot go wrong.

Property information

Location:

Randburg

Premises details:

Large shopping centre with a Spar as the anchor tenant. They have just signed a new lease, so there is still about 4 years left with a five year option at an escalation of 10% per year.

Business Operation

Competition / Market:

Aside form the Wimpy, they do not have any direct competition in the centre.

Reasons for selling:

The owner is going to get involved in a much larger business.

Trading hours:

7am to 10pm 7 days a week.

Years established:

32 permanenet staff members, including baristas, bakers and soda fountain staff, with 16 waiters and 2 managers.

Other information

Support & training:

All training and support will be supplied by the Franchisor who must approve the buyer.

Furniture / Fixtures value:

R2,000,000 (included in the asking price)

Inventory / Stock value:

R100,000