Franchised Day Time Coffee Shop In Johannesburg For Sale

Business description

This very well established franchised day time coffee shop is well positioned in a suburban centre next to Woolies. Centre has 4 major banks, Clicks and Checkers as tenants so foot traffic is very good. Business has been established 8 years so has solid, loyal and established client base. Centre also has schools in the area so centre attracts parents who use the centre. There are also offices in the area and the shop is used for meetings and does a good take out trade. The shop has a wonderful out door court yard with brolies and fixed cover. Fittings etc are to franchisor standard and a minor paint & touch up may be required. Fixtures etc are in excellent condition.
The owner is inthe shop daily but there is an appointed manager. The shop also has a unrestricted liquor license so private evening functions can be accomodated.
Trading hours are:M-F 7-7 Sat 7-5 Sun 7-2

Property information

Location:

Johannesburg Northern Suburbs

Premises details:

Fantastic location of court yard, with Woolies as anchor tenant. Inside and outdoor seating

Business Operation

Expansion potential:

Increase the number of outdoor tables, trade at night, market the take-aways to surrounding offices, area is experiencing densification with new developments, new developments with franchisor

Competition / Market:

1 other shop in centre.

Reasons for selling:

Owner want to relocate

Trading hours:

M-F 7-7 Sat 7-5 Sun 7-2

Employees:

11 staff plus 8 waitrons

Years established:

8

Franchise terms

To be confirmed with franchisor

Other information

Support & training:

Full franchisor training and handover period with owner

Furniture / Fixtures value:

R590,000 (included in the asking price)

Inventory / Stock value:

R50,000 (included in the asking price)