Business for Sale

Vovotelo coffee shop+Bakery Three stores for Sale for Sale

business for sale This Bakery plus coffee shop is one of the fastest growing franchise, this vovotelo has been established 2010, with the setup cost of more than R2,5 Millions, situated in a very popular and busy shopping centre, since it opened it has been always fully manager run and no owner operator has ever operate it, the main reason for sale is that the current owners are splitting they partnership, with excellent condition equipment and great location this business for sale can be great opportunity for an owner operator with hands on to turn it around and see fast growth.

Business Details

REF AB114
Asked Price R 4,500,000
Location Johannesburg | Gauteng | North West Jhb
Business Type Coffee Shops
Reason for SellingPartners splitting
Year Established2010
Number of Employees 64
Monthly TurnoverR 1,350,000
Monthly Net Profit R 120,000
Monthly Payroll Expense R 670,000
Movable Assets Value R 2,200,000
Stock Value R 150,000
Owner Oporated Business No
This is a Frenchise BusinessYes
Property Included in The Sale No
Seller Will Assist / Train buyerYes
Business is ProfitableYes
Size 350 M2
Lease Term 5 Years
Monthly Rental R 240,000
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Business Partners South Africa
The Franchise Association South Africa
National Employment Fund
Industrial Development Corporation