Fully describe the business's activities?
Restaurant, Pub & Grill, Entertainment, Venue, Functions & Outside Catering
How long has the business been established?
Business had been established for the last 7 years, New owner has taken over the business and revamped the entire business.
How long has the owner had the business?
How does the business operate on a daily basis?
Owner runs the business daily doing stock control, orders, customers care and bookkeeping. Owners bought this business initially as a retirement business(Hands on business)
How are the clients attracted to the business?
Business is very well situated in a setting that is comforting and tranquil. Direction to the business is very well marked and offers a welcoming feeling. Business offers entertainment, good value for money food offerings and caters for a wide variety. The setting of the business is unique, also has a kids play area that is safe with open spaces and access to a newly built 18 hole mini golf course. Cocktail Bar and Pub offers good enjoyment for the sporting fan to enjoy the regular Rugby Game.
What Advertising/Marketing is carried out?
Very visible signage as you enter this beautiful sought- after village town creating a warm feeling of invitation. Social media and part of the visitzululand Web site on the internet. Promotional Flyers and from time to time an advertisement in the local news paper and regional magazines.
Does the business have any contract work?
The business has solid contract work with key clients in the likes of: Murrey & Roberts, does solid business with RCI Resort Accommodation of 22 Units adjacent to the business through itâs conference center which is often used for weddings and other functions such as University team building and conferences.
What competition exists?
Not real direct competition in close proximity of the business. There are other coffee shops and restaurants in the area but not close to as unique as this setting.
What are the seasonal trends?
Business tends to peak during the festive seasons: December Holidays, Easter Weekend, School Holidays and Public Holidays
Is the business VAT Registered?
VAT Registration will be pending due to Turnover
Are there up-to-date Management Accounts available?
Up to Date management accounts are available for this business.
What Balance Sheet and Income Statements are available?
Up to Date and available to any serious enquiries
What percentage of the business is cash/credit?
Cash 43%, EFT 7% & Credit Card 50%
What is the age analysis of the debtors book?
30 Days R 10 000.00 - R 15 000.00
How could the profitability of the business be improved?
As this business is still fairly new under new ownership, the expenses of the business could be better streamlined. Also the menu and the menu pricing can be revised as time goes along. Somebody with more experience in the industry would be able to add lots of value.
Is Seller finance available and for what amount?
Yes indeed seller finance will be offered depending on the structure of the transaction, Seller will consider small percentage 10 - 15% over a short term 9 - 12 months.
What is the total staff complement?
2 Owners, 2 Chefs, 5 Waitrons
Do any receive special perks or incentives?
Staff meals and staff transport
Are they on contract?
All kitchen staff are currently on contract.
Do any have management potential?
Assistant Manager is in place
How involved is the Owner in running the business?
90% of the time Owner Run Business
When does the current lease end?
Is there an option of renewal & what period?
Yes a further 3 years
What is the annual escalation %?
What are the trading hours?
Mondays to Fridays 11am till late, Saturdays 9am till late. Sunday & Public Holidays 9am till 2pm
What is the square meters of the business?
+- 400 sqm
Is a copy of the lease available?
Do you require a licence?
Yes liquor license
What lease deposit and/or other surety is required?
One Months Rent
What are the main assets of the business?
Staff, Venue, Location, Service offering & Menu
Are any items not included in the sale?
All included as per assets list
What is their overall condition?
Excellent, New equipment
Do any require repairing?
None all in excellent condition, New equipment, Only to be maintained
How have they been valued ?
Are they presently insured?
Yes fully comprehensive insurance
Business is set in the heart of a forest setting along a Village town on the North Coast Minutes away from the beach front. Restaurant underwent a full revamp with new equipment and furniture in place. Business is showing good Nett profits after 2 years even In difficult trading conditions. Staff are well trained, good value for money and a setting that is unique. Tranquil and relaxed felling is the experience of this restaurant. Lots of âout of townersâ visit due to the uniqueness of the venue and can be considered a tourist destination for day trippers, holiday makers and foreigners alike.
Business is owner run, very demanding and long hours. This is the nature of any restaurant business but very rewarding at the end of the day.
Opportunity for anyone to take advantage of a very solid and well set up business to take over from. Weddings, Functions, Spit Braai, market days, Outside Catering, Business is situated in a well know recognized resort group with the possibility of the group doubling the number of units in the near future.
No Direct Threats
What is the reason for the sale?
Current owners have been working very hard in this buisness. They have invested a vast amount of money in the revamp of this prime spot and restaurant only to realize that the demand of the business is too great for them at this stage of their lives. Opportunity for anyone to take advantage of a very solid and well set up business to take over from.
Why is this a good business?
Beautiful tranquil setting, open space for weddings & functions, set in a well known resort, live entertainment, great menu good value for money, kids play area, lots of safe parking, safe area in a nature forest.
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Annual Turnover Amount between R 500 thousand and R 6 million