Urgent Sale.
We are a Coffee bar serving street food style take away in an open kitchen environment.
Great opportunity to buy an established Coffee Shop / Coffee Bar come Takeaway, in the Milpark (Braamfontein werf) arewa, across the road from the well known 44 on Stanely. The Building is called Stanley Studios, 39 Stanely Avenue. The store was built in March 2022 ready for trade 1 April 2022, however due to the Covid lock down in late March 2020 we were not able to trade till July 2022 and has consequently suffered the effects of COVID. The store is starting to turn around now that people are returning to work. there are many students in the area. This is an opportunity to buy a new business at less than the construction cost and asset value and build the business to pre Covid target figures of R250k to R300K. A business is valued on a P/E of 3 plus stock as a general rule of thumb. One could fairly value the business on future value being R280,000 * 3 = R840,000. The sales reports for this year so far one can see the increase of sales to an Average of R 100,000 per month which shows the business is close to break even. Selling at R 550 000 as an Urgent including all Assets and Stock.
The potential to add a liquor license and extending the trading hours will boost the turnover substantially.