Detailed financials available on request
This successful brand is among the strongest franchised coffee shop/restaurant brands in SA. First established in 2013, there are 134 seats including outside seating. The outlet is brilliantly positioned in a busy, upmarket and secure shopping Centre alongside multiple, strong anchor tenants and surrounded by a number of government and private schools. The frequency of light dining, coffee shop customers has grown, especially with the working "coffee shop" professionals. Where the bottomless WIFI compliments the "bottomless coffee" for working professionals and modern smart phone users, this outlet is becoming increasingly popular. Nothing quite compares to the generosity of this brand of "giving patrons more and more". Consequently, this outlet is well supported and has earned an excellent reputation amongst customers in the local community for both quality and service. This family business is exceptionally well managed by an experienced, hands-on team of competent, dedicated employees. Well supported by the National Franchisor, the brand boasts solid, operating systems and control processes. Financial reporting is based upon the 8-month period ending October 2017 where average monthly turnover was R385k. Commensurate monthly average EBPIDT (Earnings Before Proprietor Drawings, Interest, Depreciation & Tax) generated were R27 000. Listed at R1 200 000 including stock of +/- R70k, this offering represents a Return on Investment of 26%. Assets are reckoned to be worth R1.25 million at current second-hand replacement prices. All the equipment is well-maintained and in excellent working order.Assets comprise every possible need imaginable to run an establishment of this nature;The current lease term is 5-years ending 31st July 2018 with 5-year renewal option. Escalation is set at 9%;The total extent of the premises is 302 m2 Inclusive;Staff compliment comprises 16 permanent, dedicated, well-trained employees;Franchise Joining Fee of R80 000 (Excl VAT) is payable to the Franchisor;Franchise Management Fee: 7% of turnover;Franchise Marketing Fee: 3% of turnover; The sale of this business has arisen due only to the terminal illness of the owner. Consequently, the family need to consolidate financial affairs on behalf of terminally ill owner as soon as possible. Financial information is subject to verification by prospective Purchasers. Full financial information together with a detailed asset register will be made available to serious buyers who have the required equity readily available.