Established and Profitable Bistro / Coffee shop for sale
(PRICE REDUCED). This business is located in a popular shopping complex in Port Elizabeth and is the perfect place for a stopover when shopping.

The business is well known for its food portions and has become a destination store within this shopping complex.

The food quality and friendly service ensures that the business has gained a loyal following which brings its customers back time and time again.

All recipes are included in the sale with full training to be provided by the current owner as well.

Catering for off-site functions as well as on-site special events is a value added service that currently offers superb growth potential. All the cakes, pies, muffins and breads are made on site.

Profitable, well-known and superbly located this business is ideal for any person looking for an awesome bistro / coffee shop.
o be missed.

Financial Information

Annual Turnover:

+-R2 702 574

Adjusted Annual Net Profit (EBIDTA):

+-R668 614

Current Annual Net Operating Margin (EBIDTA):

+-25%

ROI%

+-67% (based on EBITDA amount)

Current asset value:

+- R550 000 Included in the asking price

Stock on hand:

+-R50 000 (not included in the asking price but the Seller is negotiable on this)

Rent per month:

R44 270 per month

Vat registered:

Yes

MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT

BuSiness Information

Business Type

Bistro / Coffee Shop

Asking Price

R1 000 000 (excluding stock on hand)

PROVINCE

Eastern Cape

CITY

Port Elizabeth
P

Premises & Premises Size:

Leased. 3 OR 5 year option. (Landlord approval of the new owner will be required).
+-200m2
P

Trading Hours:

Monday to Saturday: 07h30 to 18h00
Sunday: 07h30 to 16h00
P

Buyer Profile:

Ideal for a husband and wife team or as a family business. Alternatively, this business will suit any business /entrepreneur that is looking to add to their existing operations.
P

Reason for selling:

Other business commitments

Disclaimer: All the information contained within this prospectus is supplied in good faith and is based on information supplied by the Seller; MN Business Brokers makes no representation as to its accuracy and in no way will be held liable for any eventualities arising from the use of the information provided.

Contact Us

call

Grant – 073 556 0065

email

grant@mnbrokers.co.za

visit

Office GF001 | Kings Market Office Suite | Cnr Buffelsfontein Road & Titian Road | Walmer Heights | Port Elizabeth | 6070