Sectors / Category

Annual turnover

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  • Mandate: 34503
  • Added: 19 Feb 2021
  • AFS
  • 118

Trendy Coffee Shop and Take Away in busy City Bowl Office District.

Western Cape, Cape Town
118
Mandate 34503
Added 19 Feb 2021
R 495,000* ZAR
Stock: R 0
Assets: R 306,345
R 19,526 ZAR
Rob Gwilliam
(PRINCIPAL)
Aldes Mega
Western Cape, Cape Town
Western Cape, Cape Town
Summary

This well managed Coffee Shop and Healthy Food take away, is located in a very busy area.

Trendy Coffee Shop and Take Away in busy City Bowl Office District.
SELLING PRICE AFS
R 495,000* ZAR
Stock: R0
Assets: R306,345
R 19,526 ZAR
Summary

This well managed Coffee Shop and Healthy Food take away, is located in a very busy area.

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Fully describe the business's activities?
This is a City Bowl Cafe serving breakfast and lunch, also servicing corporate clients and private catering.

How long has the business been established?
The cafe has been in existence for 2,5 years

How long has the owner had the business?
The owner formed the business 2,5 years ago.

Give a breakdown between sit-down, takeaways and deliveries
The cafe has seating facilities but also has a large take away and delivery element around the local Business Park.

How does the business operate on a daily basis?
The cafe is situated in a very business park with a very vibrant retail sector, this gives it a very busy breakfast and lunch trade.

How are the clients attracted to the business?
Its proximity in a business park makes it very prominent and it is known for its quick, healthy food.

What Advertising/Marketing is carried out?
Currently the owner does some social media awareness on FB and Instagram.

Does the business have any contract work?
Not at present.

What competition exists?
The cafe has a captive market within the park and is known for that with no other outlet in that area.

What are the seasonal trends?
The location allows the outlet to be busy throughout the year.

How did the Covid-19 pandemic impact the business turnover / daily operations?
The owners adhered to goverment lockdown restrictions and has opened with accordance to the national rules. The cafe has seen a pick up in clients as lockdown has been eased.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
The owner has installed perspex screens where appropriate and all clients have hands sanitised on entry. All staff wear masks.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
The accountant has on file.

Are there up-to-date Management Accounts available?
The accountant has all on file

What Balance Sheet and Income Statements are available?
The accountant has all on file.

What percentage of the business is cash/credit?
50% Credit Cards, 20% Snapscan, 15% Cash and 15% weekly billed accounts.

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
The owner feels that more marketing could be done and a stronger social media strategy could be used. Smarter stock controls would also help.

Is Seller finance available and for what amount?
Not available

What is the total staff complement?
There are currently 5 staff members.

Give a breakdown of staff/ functions/ length of service?
All staff have their functions within the daily operating of the business, they have been at the cafe since it opened.

Do any receive special perks or incentives?
The cafe staff can be incentivized to get increased tips.

Are they on contract?
Yes they are.

Do any have management potential?
The owner feels that certain members could certainly take on management roles.

How involved is the Owner in running the business?
The owner has been 100% involved tin the business pre lockdown.

Any special arrangements for the staff related to the Covid-19 pandemic?
The staff are told to wear masks, gloves and to sanitize often.

When does the current lease end?
The current lease has 2 more years to run

Is there an option of renewal & what period?
There certainly is.

What is the annual escalation %?
The owner asks that the landlord be contacted for this information.

What are the trading hours?
Currently the cafe is open from 7 am to 3pm - Monday to Friday.

Is a copy of the lease available?
Yes, it is available.

Do you require a licence?
N/A

What lease deposit and/or other surety is required?
The owner asks that the prospective buyer speaks with the landlord about this.

What are the main assets of the business?
The main assets are Kitchen Equipment, a Point of Sale system and tables, chairs etc.

Are any items not included in the sale?
All equipment within the business is included in the sale.

What is their overall condition?
Everything seems in good condition.

Do any require repairing?
Nothing needs repairing at present.

How have they been valued ?
The owners accountant has valued the assets.

Which assets are on lease/HP and with whom?
Everything is owned by the owner.

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
Yes they are.

Are they presently insured?
The business has full business insurance.

Strengths?
The cafe is known for good, healthy food and the staff have a nice friendly manner that is a real bonus to the business. The cafe has its own veggie garden.

Weaknesses?
The area always struggles with parking.

Opportunities?
There is certainly scope to look for more corporate catering around the City Bowl area. More seating could be provided in the outside area.

Threats?
It is not obvious that there are any threats to the business.

What is the reason for the sale?
The owner is relocating back to JHB.

Why is this a good business?
The business has a strong loyal base and has been profitable for the 2 trading years.

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FRANCHISE DETAILS

Aldes Mega

1 members
7 active mandates
Western Cape , Cape Town
31 Constantiaberg Business Park, 31 Princessvlei Road, Southfield, Cape Town, 7941
Cape Town

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