Fully describe the business's activities?
Popular Seafood Franchised Restaurant
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Restaurant has managers in place to open and to close the business daily, stock control and customer care during the cause of the day. Owner oversees financial duties in the business
How are the clients attracted to the business?
Well known preferred seafood restaurant situated in a up market shopping mall. National advertising and marketing by the franchisor
What Advertising/Marketing is carried out?
The franchisor markets the brand by television and radio advertisements nationally as well as locally.
Does the business have any contract work?
None, however very well marketed by the local tourist industry, guest houses and hotels
What competition exists?
There are other restaurants in the mall, this attracts more people to the mall
What are the seasonal trends?
School holidays and December Holidays the business tend to peak, during the rest of the year business is pretty constant
Is the business VAT Registered?
What VAT documentation is on file?
Up to Date and available to buyers during due diligent stages
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Up to Date
What percentage of the business is cash/credit?
30% Cash & 70 Electronic
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Better direct marketing to the local market, promote take away menu to the local businesses, outside functions catering
Is Seller finance available and for what amount?
Seller will consider a small percentage over a short term.
What is the payback period?
What is the ROI?
Who is the bookkeeper/Accountant?
What is the total staff complement?
25 Staff & 1 Owner
Do any receive special perks or incentives?
Staff Meals and Tips
Are they on contract?
Do any have management potential?
Already in place
How involved is the Owner in running the business?
60 % of the time
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?
Monday to Monday 10:30am till close Closed on Christmas Day
What is the square meters of the business?
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
3 Months Rent
What are the main assets of the business?
Kitchen Equipment, Furniture tables & chairs, Display fridges & Decor
Are any items not included in the sale?
All included as per assets list
What is their overall condition?
Do any require repairing?
None all been maintained
How have they been valued ?
Accountant, depreciated values at current market related values.
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
Yes full comprehensive insurance in place
Business is backed by a strong national brand with tested success through out the years, situated in a busy up market mall very well positioned and visible. All systems in place and staff are well trained serving the community with high quality value for money dinning experience. Business is well prized to get into the industry at a good market related value...
Restaurant is owner run
Better direct marketing to the public, reaching out by promotions outside catering for business functions, Take away delivery service to the local business market
No direct threats
What is the reason for the sale?
Current owner has been diagnosed with a health condition
Why is this a good business?
Restaurant offers a unique taste in the industry and is very well supported and well known... A new franchise cost in the tune of R 3 000 000.00 to set up getting inti the franchise at this prize is relatively low.
What is the price plus stock and the net profit?
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Annual Turnover Amount between R 500 thousand and R 6 million