Sectors / Category

Annual turnover

|
  • Mandate: 31613
  • Added: 29 Jan 2018
  • AFS
  • 621

Authentic Thai Restaurant

Gauteng, Johannesburg
621
Mandate 31613
Added 29 Jan 2018
R 700,000* ZAR
Stock: R 50,000
Assets: R 1,300,936
R 49,372 ZAR
Douglas Sammons
(PRINCIPAL)
Aldes Connect
Gauteng
Summary

Franchised Thai Restaurant in a trendy nightlife suburb.

Authentic Thai Restaurant
SELLING PRICE AFS
R 700,000* ZAR
Stock: R50,000
Assets: R1,300,936
R 49,372 ZAR
Summary

Franchised Thai Restaurant in a trendy nightlife suburb.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
This restaurant and bar serves authentic Thai cuisine in a beautiful sit-down street front restaurant. All systems and training are in place for an owner/operator to make the most of this great location.

How long has the business been established?
Since May 2014

How long has the owner had the business?
Since May 2014

How does the business operate on a daily basis?
The business is completely staff run, doing mostly lunch and dinner trade, both sit-down and take away. The business does not have it's own delivery vehicle and relies on UBER Eats/Mr Delivery/Delivery Extreme.

What Advertising/Marketing is carried out?
Nothing has been done during 2017

What competition exists?
There are many alternative restaurants to choose from in the district, but nothing competing directly.

What are the seasonal trends?
The revenues are fairly stable month on month.

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
February 2017

What percentage of the business is cash/credit?
A little cash, but majority pay with a card.

How could the profitability of the business be improved?
Any marketing effort would improve the prospects.

What is the total staff complement?
19 Staff

Give a breakdown of staff/ functions/ length of service?
- 3 x Managers (2 Restaurant + 1 Bar) - 1 x Doorman (Bar) - 2 x Bartender (Bar) - 1 x DJ (Bar) - 1 x Promoter (Bar) - 1 x Head Chef - 1 x Deputy Chef - 1 x Kitchen Prep - 1 x Kitchen Wok - 2 x Scullers

Are they on contract?
5 Permanent & the rest casual.

Do any have management potential?
Yes, the operation is fully manager run.

How involved is the Owner in running the business?
Very little involvement at this point: Weekly visits to the store to collect paperwork, handles payment of creditors & monitors Cost of Sales.

When does the current lease end?
On a month-to-month

Is there an option of renewal & what period?
Yes 2 years

What is the annual escalation %?
10%

What are the trading hours?
Restaurant - 11:00 to 22:00 Monday to Sunday Bar - 17:00 to 02:00 Thursday to Saturday

What is the square meters of the business?
250sqm

Do you require a licence?
Liquor Licence

What lease deposit and/or other surety is required?
1 Months rental deposit and personal surety

What are the main assets of the business?
Kitchen Equipment.

Are any items not included in the sale?
Yes, only as specified on the asset list.

What is their overall condition?
Working condition.

Which assets are on lease/HP and with whom?
No Hp's in the business.

Are they presently insured?
Yes

Strengths?
- The business operates from a very strong location; - A high quality menu;

Weaknesses?
- Shared bathroom between the bar and the restaurant; - Parking can be an issue during very busy times.

Opportunities?
- The shop desperately needs marketing, - Collaborate with the Franchisor on new special menu items.

Threats?
- A direct competitor opening in the area.

What is the reason for the sale?
This operation is the smallest in a number of businesses the seller oversees and is not getting the attention it requires, yet still generating decent margins. The opportunity exists to grow off a strong fundamental base and maximize the model in place.

Why is this a good business?
The opportunity exists to grow off a strong fundamental base and maximize the model in place. With very little effort, the systems in place are still generating profits, attention to the shortcomings is an opportunity for fast growth.

Other listings by Douglas
R 940KZAR
Franchise
Added : 20 Mar 2018 1033
Yearly profit : R335,123
Gauteng
FRANCHISE DETAILS

Aldes Connect

1 members
2 active mandates
Gauteng
8 Berg en Dal, 6th Road West
2195

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 450KZAR
Added : 6 Aug 2018 295
Yearly profit : R137,603
Gauteng
R 420KZAR
Franchise
Added : 25 Jul 2018 224
Yearly profit : R432,696
Gauteng
R 575KZAR
Franchise
Added : 9 Jul 2018 430
Yearly profit : R360,000
KwaZulu-Natal
R 475KZAR
Added : 28 Jun 2018 448
Yearly profit : R250,834
Gauteng
R 830KZAR
Franchise
Added : 21 Jun 2018 594
Yearly profit : R259,772
Gauteng
R 547KZAR
Franchise
Added : 30 May 2018 471
Yearly profit : R152,123
Gauteng
R 350KZAR
Added : 7 May 2018 509
Yearly profit : R197,338
Mpumalanga
R 800KZAR
Added : 26 Mar 2018 687
Yearly profit : R417,300
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.05MZAR
Added : 17 Sep 2018 29
Yearly profit : R263,895
Gauteng
R 1.40MZAR
Franchise
Added : 14 Sep 2018 79
Yearly profit : R322,224
Gauteng
R 1.90MZAR
Added : 12 Sep 2018 93
Yearly profit : R1,082,396
Gauteng
R 510KZAR
Franchise
Added : 3 Sep 2018 167
Yearly profit : R244,588
Gauteng
R 550KZAR
Added : 2 Sep 2018 300
Yearly profit : R614,067
Gauteng
R 1.30MZAR
Franchise
Added : 31 Aug 2018 213
Yearly profit : R510,646
Gauteng
R 1.67MZAR
Added : 30 Aug 2018 354
Yearly profit : R1,410,081
Gauteng
R 790KZAR
Added : 30 Aug 2018 177
Yearly profit : R286,467
Gauteng