Top Mugg And Bean Franchise Kempton Area For Sale

Business description

This particular Mugg & Bean is very well run and a well organized operation. The present owner, who is a 'hands -on' operator, started the business 8 years ago. She runs the business very efficiently with 2x managers, and they are able to seat 140 people at one sitting. They have a wide mix of clients ranging from business to domestic to all the locals in the area. Since installing Wi-F-, they have business people coming in on Saturdays as well. They serve all the usual coffee shop fare normally supplied by the Mugg & Bean Group, however her food and service is particularly good, as she has trained all the staff over the past 8 years, ands has a very low staff turnover. The shop has been revamped to the latest Franchisor spec, and so no revamp will be required by the new owner. Netting an average of R140k per month during the current economic climate is excellent, and as the economy improves, a new owner with new energy, will most definitely take this store to the next level.

Property information

Location:

Near East of Johannesburg

Premises details:

The new owner will be given a new lease with an option. The present lease has about two years to go. The shop has a full Liquor Licence.

Business Operation

Competition / Market:

Other than the Wimpy there is no direct competition in the centre. There is a large Franchise supermarket as the anchor tenant.

Reasons for selling:

After working weekends for the past 8 years, the owner wishes to get involved in a 5 day week business.

Trading hours:

Monday to Friday 8am - 10pm. Saturday 8am - 9pm, and Sundays 8am - 10pm.

Employees:

There are 24 permanent employees including the bakers, soda fountain and baristas. They employ 2 managers and 13 waiters on commission of 4.5%.

Other information

Support & training:

All training and support will be given by the Franchisor who must approve the buyer before a sale can take place. There will be a once off Joining Fee required over and above the selling price by the Franchisor..

Furniture / Fixtures value:

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

Inventory / Stock value:

R100,000