Property Description
ABOUT THIS BUSINESS: Thriving Turnkey Business with Multiple Income Streams. Opened in late 2023, this business has seen remarkable growth and offers immense potential for expansion. Strategically located in a bustling area, it enjoys a stellar reputation and diverse revenue sources, including takeaway food, coffee, and a mini-grocery component, with room for significant growth. Recently, a new product line was added to further boost income. The operation is resilient to power outages, with most kitchen equipment running on gas and a backup petrol generator in place. The current owners are selling due to time constraints from their other ventures, making this an ideal opportunity for someone seeking a ready-to-go business without the challenges of starting from scratch.
OPERATIONS: Owner operated with excellent management and skilled staff.
REASON FOR SELLING: Focus on other business.
SCALABILITY: Massive market to grow and expand.
PREMISES: Leased at below market value.
TRANSACTION: Cash buyers only to enquire. (No seller finance)
ACQUISITION VALUE:
SELLING PRICE: R750,000.00 (excluding stock) as a going concern. (Plus VAT)
STOCK VALUE: R30,000 (estimated)
TOTAL ACQUISITION VALUE (INCLUDING STOCK): R780,000.00 excl VAT.
PROFITABILITY:
ANNUAL TURNOVER: R2,2m
AVERAGE MONTHLY TURNOVER : R187,000
NET PROFIT (EBITDA) PER ANNUM: R210,000
NET PROFIT (EBITDA) PER MONTH: R17,000
INVESTMENT RETURNS:(EXCLUDING STOCK)
PE RATIO: 3.5
ROI(RETURN OF INVESTMENT): 28%
MPB(MONTH’S PAY BACK: 42
ASSETS:
MARKET VALUE: R385,000
ASSET VALUE RATIO TO SELLING PRICE: 52%
