Fully describe the business's activities?
This is a 7 day a week restaurant with an early close on Sundays.
How long has the business been established?
Just over 1 year
How long has the owner had the business?
How does the business operate on a daily basis?
Opens at 1130 hrs and closes at 2100 hrs. Food preparation starts a little earlier but the meals are served from miidday onwards.
How are the clients attracted to the business?
Word of mouth and website
What Advertising/Marketing is carried out?
The web site generates some new enquiries, but word of mouth is the most effective advertising method that generates the most growth as regular customers refer new clients to the venue.
Does the business have any contract work?
What competition exists?
There are numerous food outlets within the market place, but this "Grill House" is known for quality grills and great service.
What are the seasonal trends?
The summer months are the most productive with the Christmas season a highlight.
Is the business VAT Registered?
What VAT documentation is on file?
The owner has all Vat documentation
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
The owner has all management accounts and the 2017 AFS's
What percentage of the business is cash/credit?
75% credit card and 25% cash
How could the profitability of the business be improved?
Marketing strategies should be implemented via social media such as Face book.
Is Seller finance available and for what amount?
What is the total staff complement?
10 plus 2 managers
Give a breakdown of staff/ functions/ length of service?
Managers have been with the business since inception and the kitchen/cleaning staff for most of the past 12 months
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
There is a management structure in place already
How involved is the Owner in running the business?
The owner visits the outlet every two weeks to discuss performance and marketing plans
When does the current lease end?
There is a 2 year lease in place with a 2 year option to renew.
Is there an option of renewal & what period?
Yes 2 years.
What is the annual escalation %?
What are the trading hours?
1200-2100 hrs, daily with an early close on Sundays.
What is the square meters of the business?
250 square meters
Is a copy of the lease available?
Do you require a licence?
Yes A liquor licence is required.
What lease deposit and/or other surety is required?
Are any items not included in the sale?
What is their overall condition?
All are new and in good condition.
Do any require repairing?
How have they been valued ?
At replacement value
Which assets are on lease/HP and with whom?
Will Seller settle or Buyer to take over?
The buyer will take over the lease on the coffee machine, the ice machine and the POS system as they are necessary in the operations of the business.
Are copies of agreements available?
Are they presently insured?
Well priced and situated in a popular market area. Good visiblity and well run by the management structure.
There are no real weaknesses, other than there are other food outlets within the market complex.
There is an opportunity to diversify the "grill house" concept and to develop delivery base for pizzas etc.
What is the reason for the sale?
The owner has three other seafood outlets which he is wanting to franchise. His focus is on developing these outlets as there is a large demand for high quality seafood restaurants.
Why is this a good business?
Well priced and in a visible and popular area. High service levels make this a preferred choice for family dinners
What is the price plus stock and the net profit?
Priced at R1,1 million with a growing net profit of R35000 p.m.
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million