Restaurant / Deli / Patisserie for Sale
About this business for saleRestaurant / Deli / Patisserie for Sale
The asking price for this beautiful, elegant and well managed patisserie has been reduced because the owner does not reside in the Johannesburg area and it has become increasingly difficult to manage the business due to the long distance as well as family commitments.
The business at stake is a very well managed restaurant / patisserie / deli. The 157m2 business has been in existence for over 9 years and is located in a busy shopping centre in the Randpark area of Gauteng, with an above-average footprint.
The business offers a 79 seater sit-down-restaurant with a French inspired menu, a complete catering menu, a patisserie, take-away and sells local and imported products. Also on offer are mouth watering cakes that can be created for any occasion. The restaurant offers breakfast and lunch menus and the take-away menu offers homemade pies, quiches etc. There are repeat-customers and through word-of-mouth, the customer base is growing monthly.
The owner has also introduced a High Tea menu that provides scones, savories and desserts. The business is also available for functions 7 days a week, offers a full catering menu and has contracts in place with nearby convenient outlets. They have also secured such a contract with a nearby private hospital.
Audited financial statements for the past three years are available and currently it generates an average annual income of R3.0 million with net profit before tax of approximately R850 000 p.a. - i.e. a net profit margin of 28%.
The bargain price of R1 200 000 includes assets worth more than R400 000 but excludes stock of about R150 000 offering an ROI of approximately 71%.
The seller will provide the buyer with a hand-over period and full financials will be made available to qualified buyers.
For more information, please contact the listing broker.