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Businesses for Sale Food and Hospitality

Profitable Tea Garden and Function Hosting Business for sale

R2,400,000 (Negotiable)


  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
  • Profitable Tea Garden and Function Hosting Business for sale
Description
Price : R2,400,000 (Negotiable)
Type : Business for Sale Ad
Date : March 18, 2021
Condition : Established
Year Est : 1999
Franchise : No
Type of Sale : Broker
Years owned : 5-10
No of Staff : 21
No of Outlets-Branches : 0
Property Size m2 : 2000
Road Access : yes
Financials : Updated
Turnover : 4000000
Net Profit : 950000
Assets Included : Yes
Asset Value : 1800000
Customer base : New Clients and Regulars
Customer Locations : Gauteng
Website : View website
Listing Ref Id : Ul001
Location : 16B Penguin Avenue, Norscot Manor Recreation Centre, Fourways,

Set in the tranquil gardens of Norscot Manor in the heart of Fourways, The Secret Garden (the business) offers a quiet escape from the malls and roadside coffee shops and is a great venue for a leisurely family breakfast or delicious afternoon tea.

The business focus is to host birthday parties, stork parties, kitchen teas & corporate functions and also operate as a tea garden during the day with a main menu that focuses on breakfasts and light meals with a good selection of salads, burgers and sandwiches.

The Secret Garden leases over 2000sqm of this ideal venue from COJ who are the owners of Norscot Manor which is only a stone’s throw from Monte Casino.

The Secret Garden has grown tremendously in popularity and was recently featured on SABC3’s The insider and highlighted as one of the hidden gems in JHB.

please copy the link if you would like to see more of their article.

A SECRET TEA GARDEN IN THE HEART OF FOURWAYS, EMPOWERED BY CAPITEC

Current ownership period: 6 years

Gross annual revenue: R4000000.00

Annual Nett Profit: R950000.00

Asset value R1800000.00

Business age: 23 years

Previous Ownership period:8 years

Reason for sale: Current owner would like to retire

Operating hours: Tuesday and Thursday 9h30-16h00

Wednesday and Friday 10h30-17h00

Saturday and Sunday 8h30-17H00

Monday- closed

No of staff: 21

Business Address: 16B Penguin Avenue, Norscot Manor Recreation Centre, Fourways, Sandton, 2055

**PLEASE NOTE THE PROPERTY IS NOT FOR SALE**

Landlord: City of Johannesburg

Lease term: 12 Months MAX (pre-determined by City of Johannesburg)

Lease amount: R18500.00 per month

Size: approximately 2000sqm

Liquor license: Yes Valid until:2022

Asking price R2 399 000.00 negotiable

(The price has been based on the consideration of the combined value of The tea gardens assets as of 1Feb 2021 = R1 800000.00 and the average monthly nett profit of R70-R80K x 12 months.

 

 

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