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Europa Coffee Shop and Restaurant

 

PROFILE    
Description:    Franchised restaurant offering quality continental coffees, deli delights and hard to find European provisions. Full dining continental bistro-come-restaurant. Situated in a prime spot at the entrance to the centre and next to the gym and movie houses. Popular outside summer eating area. Has occupied the same spot for the past 10 years. Excellent established investment with experienced staff. Franchise fees and royalties payable.
Industry / Sector:    Restaurant
 
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Bedfordview
Location / Area:   
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
 
PRICE    
Asking Price:    R 2 800 000
Conditions:    Excluding Stock. Negotiable subject to conditions.
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 650 000 per month
Profit:    R 60 000 per month
Annual Return:    26 % per annum
No. of Staff:    38
Year Established:    2008
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
Lease was renewed in June 2018 for a further 5 years.
120 m2 inside and 74 m2 outside
Seating 140 patrons. Rent at 110,000 including Ops costs.
Escalation at 8% per annum

  STAFFING  
38 staff employed.
Long standing and loyal staff with many years experience to remain .

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
Franchisor will provide training before take over.

  MARKET and CUSTOMERS  
High volume passing feet as the Restaurant is situated at an entrance and next to the gym and movie houses.

  LIFESTYLE ISSUES  
Trading hours: 07h30 to 22h30.
Managers in place to stand in for parts of the day etc.

  REASON FOR SALE  
Seller has family commitments that she need to attend to.

  NON-DISCLOSURE AGREEMENT  
A Non-Disclosure agreement must be signed by any prospective buyer before detailed information is released.

  AVAILABILITY of AUDITED FINANCIALS  
On request from seller.


 

 

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Record ID: 2770
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