Coffee shop on beach front: Urgent sale.

Coffee shop on beach front: Urgent sale.

Introduction:

• The owners of this coffee shop are quite experienced in owning and running successful coffee shops, so when they saw the opportunity to start a coffee shop on the beach front of this very popular beach town, they immediately took the opportunity and created a coffee shop with a unique antique/old world feeling.
• This coffee shop is supported by local residents, weekend visitors and tourists (both nationally and internationally) and even during the winter months.
• The esplanade in front of this coffee shop is now being renovated and will form a beautiful walkway all along the beach for kilometers when completed.
• There is various expansion possibilities/to increase the turnover which can be discussed with the owner.
• There are 3 full time staff members and when needed part time members.
• Assets are around R630,000 and as mentioned, the whole ambience/theme of the coffee shop is old rustic with some furniture around 100 years old.

Financials:

As received from the owner:

• The average turnover is around R120,000 per month with an average GP of 49%, which results in an average NP (EBITDA) of R50,000 pm.

Selling price:

• R1,4 million excl. stock.