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Well known Coffee Shop and Restaurant - Recently renovated


Description:    Purchased as a distressed sale, turnover is already up to R120 000pm on word of mouth alone. Upmarket chef, four waitrons and a manager. Brand new exciting menu which is well priced with a busy all day breakfast and a popular lunch offering. Comfortable outside seating area with total seating for 60 patrons. Top quality coffee selections made by a qualified barista. POS system being set up. The reason for selling is that the owners wife is very ill. Trading hours are Mon to Sun 7.30 to 5.00.
Industry / Sector:    Food - Coffee Bar
State / Province:    KwaZulu-Natal RSA
City / Town:    Durban
Location / Area:    Berea
Portability:    Low Portability - Relocation is not possible. But there may be limited value in licences, patents, technology or access to clients and suppliers which would add value to a similar operation at another location taking over
Asking Price:    R 500 000
Conditions:    Cash deal required
Turnover:    R 120 000 per month
Profit:    R 30 000 per month
Annual Return:    72 % per annum
No. of Staff:    5
Year Established:    2018
Legal Persona:    - unknown or withheld -
Other Information:   


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Record ID: 2756
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