Stunning Midrand Coffee Shop In Large Office Park For Sale

Business description

Attractive and secure Midrand office park complex has a free-standing restaurant/coffee shop in a garden setting. Over 25 office blocks in the complex with a few thousand captive daily clients for breakfast lunch and catering.

Weekdays only

Pleasant, sunny covered patio, indoor serving area and manageable kitchen.

Fully equipped.

Property information

Real Estate:

Lease

Lease terms:

Top property owning company built the coffee shop for the present owner. A further 5 year lease is offered to the new owner.

Leasehold rent:

R150,000 per annum

Location:

Guarded office block accommodating leading businesses.

.

Close to highway - very easy access from Midrand, Centurion and Sandton.

Premises details:

Purpose built stand-alone building with patio and parking.

About 250 m/sq in extent. Small fully equipped kkitchen, storeroom, serving counter, small indoor seating area, large covered patio.

Size in square feet:

250 m/sq.

Planning consent:

Health department aspproved premises. No liquor license necessary.

Business Operation

Expansion potential:

The business has been thriving for 5 years and is growing nicely..

A growing 20% of sales are catering orders - either small functions at the restaurant or platters for delivery to the offices.

Vacancies in the office complex have gone from 30% early last year to under 10%.

The Gautrain and highway opening makes Midrand the office location of choice.

Competition / Market:

The are few public coffee shops in the area. Some of the offices have small canteens or kitchens

Reasons for selling:

Expansion of family export business requires management time

Trading hours:

From 7.30 a.m. to 4 p.m weekdays only. Closed for 2 weeks at Christmas/New Year.

Employees:

5 (2 in kitchen, 2 family members, three waiters/delivery assistants.

Years established:

5 years

Franchise terms

Not a franchise

Other information

Support & training:

Full training and support provided by experienced owner who wants to see the business prosper under a new owner.

Furniture / Fixtures value:

R300,000 (included in the asking price)

Inventory / Stock value:

R20,000