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Business Industry Icon Mugg And Bean Franchise
Grahamstown, Eastern Cape   Brokered By: Neville Loader
Asking Price: R1,600,000.00 Sales Revenue: R5,276,994.00 Cash Flow: Undisclosed


BUSINESS PROFILE VIEW

Business Information

Business Information
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Business Identifier

Mugg and Bean Franchise

Reference

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Looking For

Buyer

Company Start Date

2015-01-01

Financial Year End

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Sector

Service

Industry

Food & Beverage

Business Description

This is a unique opportunity to own a Mugg and Bean, one of South Africa's leading franchised restaurants in the relaxed family lifestyle environment of Grahamstown. This vibrant student town is only a 40-minute drive from the golden beaches of the Eastern Cape's Sunshine Coast.
Grahamstown is home to Rhodes University and some of the country's top private and government schools and the perfect environment to raise and educate children. It is also surrounded by internationally renowned game lodges that host many foreign tourists to the region.
This restaurant was established by the existing owner in 2015 and it is situated in the new section of the Peppergrove Mall, Grahamstown's largest and busiest shopping center. It is well frequented by students, scholars, the business and legal fraternity as well as the general public. A liquor license was recently obtained.
Boasting the new Mugg and Bean look, it accommodates 82 inside diners and the next revamp is only estimated for 2020. The business is mostly manager run and supported by 24 well-trained staff.
The business operates from leased premises and the five-year lease expires in 2020 with the first option to renew for another five years.
The owner made a decision to sell and to focus his attention on his other local business interests. This creates a perfect opportunity for a serious buyer to acquire a top Franchise restaurant in an awesome location.
The asking price is R1,600,000 (excluding VAT and Stock).

Registered for VAT

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Franchise

Yes

Type of Business

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Current Status

None

Province

Eastern Cape

City

Grahamstown

Business Environment

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Legal Regulation

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Asking Price (R)

1,600,000.00

Annual Turnover (R)

5,276,994.00

Monthly Free Cash Flow (R)

Undisclosed

Estimate of Business Value (R)

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SWOT Analysis

SWOT analysis
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Human Resource Information

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Estimated Annual Increase/Decline (%)

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Ownership Structure

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Ownership Distribution

Private Ownership

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Ownership Distribution Graph


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Liabilities

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Outstanding Invoices owed to Suppliers for Raw Materials, Stock and/or Consumables and Other Monthly Costs

 
Total Due (R)

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Income Recovery Rate

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Current Expected Income

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Gallery

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469_Food Hospitality_cafe_coffee shop (3)_opt_1562330503.jpg

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