Detailed financials available on request
This unique business was established 5 years ago and is well situated in a major Port Alfred shopping centre next to the cinemas. It consists of two areas, one focusing as a coffee shop and the other on South Eastern Asian food including a Sushi Bar. There is no direct competitor and it is well supported with a well presented quaint Asian flair and welcoming ambiance. It is also very popular for special occasions including birthdays, anniversaries and year end functions. The business caters for 76 guests with 40 seated inside and 36 seated outside. The owner is well supported by three well trained full time employees and there is a need for two temps over peak trading periods, including the Festive Season. The business operates from leased premises and the current 3-year lease is due for renewal in February 2018 with an option to renew for an additional three years. The owner wants to focus on another business interest which creates a perfect opportunity for a serious buyer looking to acquire a unique, well established and profitable business. There are a number of opportunities to further increase business by extending operating hours into the evenings/weekends, menu extension, providing outside catering and obtaining a Liquor License. The asking price is R300,000 excluding VAT and Stock The business has an annual net profit (EBPIDT) of approximately R289,000 and offers a return on investment of 96% and/or a monthly payback of approximately 12 months.