• to
  • Strand Conveyancy
  • Pre qual OOBA
  • Pay Prop

Established coffee shop and catering business in Howick

Howick, 101 Main Street

R1,365,000 plus VAT

Listing Number: KEP26875
About this listing
This is a well established coffee shop where the locals meet; a lovely coffee shop with a great atmosphere. There is also a catering business which caters for events, weddings, functions and mobile coffee.

The center in which the coffee shop is located is to be refurbished soon and it will be extended to seat 96 people. It is expected that the revamp will attract 22% more visitors to the center.

The business has so much potential to grow as it currently trades 5.5 days per week and the opportunity exist to:
- trade 7 days per week
- obtain a liquor license and trade for longer hours
- Improve marketing (particularly for the catering business
Property Information
  • Business Name: Coffee Shop and Catering Business
  • Business description: Etablished coffee shop & catering business in Howick
  • Business hours
    • Monday: 7.30 to 4.30
    • Tuesday: 7.30 to 4.30
    • Wednesday: 7.30 to 4.30
    • Thursday: 7.30 to 4.30
    • Friday: 7.7.30 to 4.30 12.30
    • Saturday: 7.00 to 12.30
  • Property Type: Restaurant / Cafe
  • Gross profit R: Gross profit: R1297744, %: 69
  • Turnover R : 1,891,243, Per: annum, Inc VAT
  • Lease details
    • Rent R: Rent: R202,917, Per: annum, Inc VAT
  • Number of staff
    • Full time: 9 (1 manager, 4 front of house & 4 back of house)
  • Listing price details
    • Stock R: 15 000 to 20 000
    • Intangible assets R : 484 000
    • Total (plus VAT if applicable) R : 1 325 000
  • Other comments: This is where the locals meet; a lovely coffee shop with a great atmosphere. The center in which the coffee shop is located is to be refurbished soon and it will be extended to seat 96 people. It is expected that the revamp will attract 22% more visitors to the center. Currently trades 5.5 days per week and opportunity exist to: - trade 7 days per week - obtain a liquor license and trade for longer hours - Improve marketing (particularly for the catering business

Agent Details

36 Howick Road
Athlone
Pietermaritzburg
Office website

Property Location

Check out similar properties you may also like