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Popular Neighbourhood's Cafe In Western Cape For Sale

Milnerton, Western Cape, South Africa
Asking Price:
R200,000 Furniture / Fixtures included
Sales Revenue:
R1,900,000
Cash Flow:
R440,000

This is a unique sale. A well established and successful 60 seater coffee shop situated in a fast growing Residential estate with a 9 year history is not able to renew the lease due to financial constraints.

The shopping center has recently been sold and the new Landlord has commenced with a renovation project that will see the launch of a brand new center twice its current size. The project will be completed at the end of November 2020 (this is the new launch date considering delays caused by Covid19).

The coffee shop's lease expires at the end of June 2020 and a new lease agreement has been offered. The store will relocate to a new space within the center. However, the owner can not pursue this opportunity due to current financial constraints. The owner is not selling the business as a going concern, but it is an opportunity for someone with the energy and passion to purchase the complete contents of a beautiful 60 seater coffee shop and to enter into fresh negotiation with the landlord for a new start in November/December; or another venue if you so wish.

If interested, please contact us by filling the form given below.

Other Information

Furniture / Fixtures value:
R300,000 - included in the asking price
Business closed / Asset sale:
Yes
Relocatable:
This business can be relocated.

Contact Information

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