Nestled in the picturesque coastal town of Hermanus, within the stunning Overberg region of the Western Cape, lies a unique business opportunity that beckons the discerning entrepreneur
Acquiring a well-established Tea and Gift Shop in Hermanus presents a notable opportunity. Curiositea, a name that has become synonymous with quality and charm in the heart of Hermanus, offers an unparalleled chance to immerse oneself in the thriving local culture and economy. Boasting a prime location in the bustling business district, this establishment has been a beacon for tea aficionados and gift seekers for years, drawing in a diverse clientele ranging from locals to international visitors.
Situated in a prime location, the store's success over the past five years is a testament to its strong market presence and customer loyalty. This acquisition could offer a solid foundation for growth, leveraging the existing brand's reputation and operational efficiencies. Hermanus, known for its vibrant tourism and local community, provides a dynamic market environment.
For over five years, Curiositea has delighted its patrons with an exquisite selection of South African teas, alongside a carefully curated assortment of affordable gifts, all presented within an ambiance of exceptional styling and a welcoming vibe. This venture presents a rare opportunity to lead a fulfilling new life in Hermanus, renowned not only for its world-class whale watching but also for its gourmet dining, celebrated wine estates, and vibrant arts scene. Just a stone's throw from Cape Town, yet worlds apart in terms of tranquility and natural beauty, Hermanus offers the ideal setting for a business-minded individual looking to blend lifestyle and passion.
The current owner, bringing years of expertise in the hospitality industry to the table, has skilfully navigated the transition from a beloved tearoom and retail combination to a focus on retail, catering to the evolving needs of the community and visitors alike. This decision has streamlined operations without diminishing the charm and appeal that Curiositea is known for. This turnkey business is not just an investment in a proven entity, but an invitation to become an integral part of Hermanus's vibrant community, making it an opportunity not to be missed for those dreaming of a fresh start in a locale celebrated for its natural beauty and welcoming atmosphere.
The business is operated as a sole proprietor.
Products and services offered:
- Tea (local imported) loose leaf tea bags
- Tea paraphernalia
- Interesting selection of crockery ceramics
- Pantry items such as Rusks, biscuits, coffee, sweet treats
Potential expansion of the business
- Potential exists for Take-aways - many offices around (soups, pancakes, quiches did very well previously)
- Expanding on baked goods offerings
- Expanding on the demand for gluten-free goods
- There is always a demand for more Tea paraphernalia - such as Tea pots, strainers, tea equipment
- Re-opening of the Tea room
Asking Price: R 550,000 excluding stock. Excludes VAT.
Inventory / Stock Value: Stock levels varies during the year linked to the seasonal trend. +- R 80,000
Industry: Retail
Location:
Area : Overberg, Wester Cape
Location : Hermanus CBD on High street
Business details:
Turnover : R 1,0 m per annum
Yearly Cash Flow : R 280,000
Value of assets: : + R100 000 – excl stock
Established year : 2019 (previous owners 7 years)
Legal entity : Sole practitioner
Reason for selling : Owners relocated
Trading hours. : 9:00 to 17:00 Monday to Friday, 9:00 to 14:00 on Saturdays, Closed on Sundays
Employees : 1 - 2 employees
Years established. : 5 years (previous owners 7 years at same premises)
Support and training : Yes owner is available for 2 to 3 half days for training
Relocatable : Yes, the business can be relocated within the Hermanus area.
Property details:
Own or leased : Leased
Monthly rent : R 12,000
Electricity : R 600 per month
Annual escalation : +- 8 % to be finalised with landlord
Lease period remaining : 3 year lease with option to renew
Size of the property : 42 sqm with parking directly included in rental, including toilet and use of pavement
Stock at cost : +- R 80,000 (excluded from the asking price)
Further info will be provided upon signing an NDA.