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eating-out

Mandate 1101

R 1,370,000.00

Frozen Yoghurt – This frozen yoghurt outlet was established 18 months ago in 2014 by the current owner who operates as a Pty Ltd company. Frozen Yoghurt is a unique and interactive self service, soft – serve frozen yoghurt bar. They offer only the best 100% REAL frozen yoghurt, which is traditionally fermented

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Product Description

Broker Name: Paul Bolton
Broker Contact: 083 636 6844
Broker Email: paulb@renwickbusiness.co.za
Mandate number: 1101
Category: Eating Out
Location: Four Ways
Year Established: 02/03/2015
Number of Employees: Two managers and one store assistant. Casuals are employed over peak periods.
Hours of Operation: Mon – Thurs 10:00 – 19:00, Fri 10:00 – 21:00, Sat 9:00 – 21:00 and Sun 9:00 – 20:00
Lease Term: A 5 year lease is currently in place with 4.5 years remaining. Renewal option of 3 years at an escalation rate of 9%.

Movable Asset Value: R 20,000.00
Stock Value: R 20,000.00
Average Monthly Turnover: R 87,166.00
Average Monthly Expenses: R 37,997.00
Average Monthly Net Profit Before Tax: R 30,864.00
Asking Price: R 1,370,000.00

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