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Annual turnover

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  • Mandate: 33031
  • Added: 18 Apr 2019
  • AFS
  • 829

Europa Coffee Shop

Gauteng, Johannesburg
829
Mandate 33031
Added 18 Apr 2019
R 700,000* ZAR
Stock: R 35,000
Assets: R 1,400,000
R 17,519 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Well established Europa in northern suburbs, recently revamped needs new loving owner. Huge potential to grow through a liquor licence, deliveries and getting on board with Uber Eats, Order in etc. easy to run day time business. Manager in place.

SELLING PRICE AFS
R 700,000* ZAR
Stock: R35,000
Assets: R1,400,000
R 17,519 ZAR
Summary

Well established Europa in northern suburbs, recently revamped needs new loving owner. Huge potential to grow through a liquor licence, deliveries and getting on board with Uber Eats, Order in etc. easy to run day time business. Manager in place.

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Fully describe the business's activities?
Well established europa that has been revamped. Operates with a manager but needs to be owner run. Situated in local mall that has number of banks that offer full services. Large retailer, Woolies and bottle store in centre. Trades day time only.

How long has the business been established?
Sellers husband open the business in 2011.

What Advertising/Marketing is carried out?
No marketing is done, other than what the franchisor does.

What competition exists?
There is 1 other competitor in the centre, which is non frnachised.

What are the seasonal trends?
Year end is quitier as people go away

Is the business VAT Registered?
yes

Are there up-to-date Management Accounts available?
Yes

How could the profitability of the business be improved?
Business needs an owner to be present and involved

What is the total staff complement?
9 staff including the manager

How involved is the Owner in running the business?
Very little due to seller having another store.

When does the current lease end?
Recently signed for 5 yrs

Is there an option of renewal & what period?
Yes - tbc

What is the annual escalation %?
8%

What are the trading hours?
M-F 7.30-17.30 sat 7.30- 16.00, Sun 7.30-16.00

What are the main assets of the business?
Business has recently undergone revamp to franchisors latest standards. Shop is in fantastic condition!

Strengths?
well know brand, good location, solid client base, staff trained,

Weaknesses?
Owner has limited involvement

Opportunities?
Owner run, liquor licence, deliveries

Threats?
Limited

What is the reason for the sale?
Owner needs to cut back as this business was run by her husband

Why is this a good business?
New look store recently revamped, and has growth potential. You are enjoying major savings to opening a new store

What is the price plus stock and the profit?
R790,000 plus stock

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FRANCHISE DETAILS

Aldes Active

1 members
18 active mandates
Gauteng
Postnet Suite 129, Post Box 92418
2117

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