Total of 18659 firms and businesses for sale today Saturday 18th May 2024
Business For Sale. Cafe, Take Away And Restaurant
LISTING DETAILS
Firms For Sale ID:
32019
Vendor reference:
12853
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$1,200,000
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed
OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
This landmark business is more or less 60 years old. The current owner bought the business in February 2010 and took it from strength to strength! The business consists of a Cafe, Take Away and Restaurant. You will find anything you need here, from your daily newspaper, milk and bread to something special to eat!
Their services include Prepaid Electricity, Airtime, Lotto, Platters, Muffins, Samoosaâ??s, Fresh Fruit & Veg, Groceries, Take Away and Sit down menu. The restaurant seats 36 people and 20 in front of the shop.
The trading hours are 07h00 am to 21h00 pm but holidays open until 22h00 pm and then during peak times until midnight. The owner is involved in the day to day running of the business.
This is an opportunity not to be missed! Well known business, great location and still potential to grow!
The price of R1 200 000 excluding stock of more or less R120 000, results in a 38% ROI or 31 months payback period which is good for a business that has been standing for 60 years!