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.
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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
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.