Profitable Cafe And Laundry Business In Port Elizabeth For Sale

Business description

A well known, well established, very profitable and perfectly located café with a laundry for sale. The business has been around for over 20 years. The current owner has had the business for the last 2 years. Located in a small shopping complex, with a pub and grub, video store, garage and home industry located next to the business, customers are guaranteed.

The business is located in a large middle to upper class residential area and is the only café / laundry in the near vicinity. Perfectly priced and with its very healthy turnover and profits this business is a fantastic opportunity

Property information

Real Estate:

Lease

Lease terms:

The premise is leased (4 years with option to renew).

Leasehold rent:

R169,000 per annum

Location:

The business is located in a small shopping center surrounded by other popular business (Pub and Grub and Video Store) and situated in a large middle to upper class residential area

Premises details:

The business is located in a small shopping center surrounded by other popular business and situated in a large middle to upper class residential area. The business is a total of 265 square meters and consists of the display floor, a laundry in a separate room in the back, a small office and a counter area.. The premise is leased (4 years with option to renew).

Size in square feet:

265

Business Operation

Expansion potential:

The introduction of new product ranges will definitely offer more opportunity for the business to grow

Competition / Market:

This is the only the only café and laundry in the near vicinity and benefits substantially from this.

Reasons for selling:

The current owner intends to return to his original profession.

Trading hours:

Monday to Saturday (06h15 to 10h00)

Sunday & Public Holidays: (07h00 to 21h00)

Employees:

9

Years established:

20+ years

Other information

Support & training:

A due diligence and hand over period will be performed with the new owner to ensure proper training and support is passed on.

Furniture / Fixtures value:

R787,000 (included in the asking price)

Inventory / Stock value:

R250,000 (included in the asking price)

Relocatable:

This business can be relocated.