Fully describe the business's activities?
Brasserie, in typical European flavor geared to local and international markets with AAA locality with all round visible access and unsurpassed levels of passing trade at one of Cape Town and South Africa's premier tourist attractions.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Open 10am - 10pm (kitchen)
How are the clients attracted to the business?
Location, location, location
What Advertising/Marketing is carried out?
Seasonal specials, social media, website
What are the seasonal trends?
Summer turnover higher, winter turnover lower
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Monthly turnover figures
What Balance Sheet and Income Statements are available?
draft AFS Feb 2017
How could the profitability of the business be improved?
A fresh perspective would provide good insight in achieving the goals of leaner overheads and increased turnover
What is the total staff complement?
How involved is the Owner in running the business?
In business on daily basis
When does the current lease end?
Is there an option of renewal & what period?
Has been exercised until 2023
What is the annual escalation %?
What are the trading hours?
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
Liquor License not required and is renewed annually.
What lease deposit and/or other surety is required?
Aproximately R400k plus sureties currently but will change according to landlord requirement
What are the main assets of the business?
Furniture and fittings
What is their overall condition?
Do any require repairing?
regular maintenance undertaken
How have they been valued ?
depreciated value as at Feb2017
Which assets are on lease/HP and with whom?
Are they presently insured?
Location and concept
lease agreement is a typical corporate lease that requires landlord approval for any variations thereof
Mezzanine area not utilised enough and available for private functions etc, Daytime menu could be made less âfine diningâ and more appealing for a wider audience
lease agreement, tourism dependent
What is the reason for the sale?
Both partners would like to exit to pursue other ventures. Operating partner flexible on exit
Why is this a good business?
The businesses has established itself well and will only keep growing. It is based in one of the best locations for this type of business in Cape Town and arguably the world.
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Annual Turnover Amount between R 500 thousand and R 6 million