Detailed financials available on request
The 157m2 business has been in existence for over 7 years and is located in a busy shopping centre in the West of Gauteng, with an above-average footprint. The business offers a 79 seater sit down restaurant with a french inspired menu, a complete catering menu, a patisserie, take-away and sells local and imported products. Also on offer is mouth watering cakes that can be created for any occasion. The sit-down restaurant offers breakfast and lunch menus and the take-away menu offers homemade pies, quiches etc. The owners have also introduced a high tea menu that provides scones, savories and desserts. The business is also available for functions 7 days a week and offers a full catering menu. The business is small and modern with lively, trendy décor. There are repeat customers and through word of mouth, the customer base is growing monthly. There are 2 owners both of whom are actively involved in the day to day running of the business. The business employs 18 staff excluding the 2 owners. The staff are well trained and very loyal. The business boasts a very high staff retention rate. The owners do not actively market the business at present. If the business is marketed, the turnover will increase substantially. The owners has secured contracts with various companies including a blue chip company based in Fourways. Neither of the owners reside in the Johannesburg area and it has become increasingly difficult to manage the business due to long the distance. The one owner has reached retirement age and the other has children who started attending school in 2016. The listed price is R1 900 000 and includes assets worth more that R500 000 but excludes stock of about R150,000 offering an ROI of 58%. The selling price excludes VAT. The seller will provide the buyer with a hand-over period and full financials will be made available to qualified buyers.