Fully describe the business's activities?
fast food business specialising in vetkoeks and fish and chips
How long has the business been established?
How long has the owner had the business?
How are the clients attracted to the business?
Walk in trade in busy shopping centre. Many repeat customers
What Advertising/Marketing is carried out?
Local newspaper and in store advertising
Does the business have any contract work?
What competition exists?
No direct competition close by
What are the seasonal trends?
Busy all year round
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
No credit given - 100% cash or card
How could the profitability of the business be improved?
Maintain existing standards. This is a new business and sales are increasing as new customers become regular customers.
Is Seller finance available and for what amount?
What is the total staff complement?
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Fully involved on counter daily
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
Mon to Sat 9am to 8pm Sun 9am to 2pm
What is the square meters of the business?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Catering equipment, display fridges, LCD TVs for menu display
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Excellent presentaion, quality and competitive price.
No perceived weaknesses.
Growing customer base. More promotional drops in area to increase awareness. Similar businesses have been franchised very successfully. Future franchise opportunity.
What is the reason for the sale?
Owner is going to study overseas.
Why is this a good business?
Newly established at very high standard. Food quality, presentation, displays are all top notch. Great future potential.
What is the price plus stock and the net profit?
Price is R850,000 all inclusive, lock stock and barrel.
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