Fully describe the business's activities?
This is a Pizza Take Away and delivery business.
How long has the business been established?
The current owner started the business in 2013.
How does the business operate on a daily basis?
The staff opens the business daily. They check their stock levels and place orders when required. They start to prep and prepare the kitchen for orders. Sales are generated either from walk-in or phone-in customers. They do deliveries and find that it is a huge contributor to the growth in the business.
How are the clients attracted to the business?
Mainly through word-of-mouth and by deliver excellent service. They also have a website and a Facebook Page.
What Advertising/Marketing is carried out?
They do not do any outside advertising other than their Take Away Menu and some Menu Boards in the restaurant itself. The business is in complex with a very busy well known Supermarket.
Does the business have any contract work?
None only many repeat customers.
What competition exists?
There are numerous takeaway and restaurants in close proximity to the business, but this business is located in a huge residential area and in close proximity to an upmarket security complex with Â± 1400 homes.
What are the seasonal trends?
Peak season according to the Seller is August to December and also increase of sales during school holidays.
Is the business VAT Registered?
The business is VAT registered.
What VAT documentation is on file?
Up to date VAT documentation is available on request from the seller.
Are there up-to-date Management Accounts available?
February 2018 sales figures and August 2017 Management Accounts is available.
What Balance Sheet and Income Statements are available?
February 2017 Balance Sheet and Income Statements are available.
What percentage of the business is cash/credit?
50% is cash and 50% is debit or credit cards.
What is the age analysis of the debtors book?
No debtors as this a a cash business.
How could the profitability of the business be improved?
The current opportunity is to open a duplicate take away in a suburb close by, from where they receive a considerable number of orders.
Is Seller finance available and for what amount?
The seller will not consider vendor finance.
What is the total staff complement?
The current staff complement is 14 (Fourteen)
Give a breakdown of staff/ functions/ length of service?
1 x Manager 1 x Head chef 1 x Cashier 4 x Drivers 7 x chefs/cooks.
Do any receive special perks or incentives?
A discretionary bonus of R 1 000 per staff member was paid in the past to the staff.
Are they on contract?
All staff have signed employment contracts. Some of the staff is permanently appointed and some is appointed on a three month probation period.
Do any have management potential?
There is currently a manager operating the business in the absense of the Seller.
How involved is the Owner in running the business?
The owners will spend maximum 2 hours 3 x per week. Mainly late afternoons.
When does the current lease end?
The current lease end 01 August 2019.
Is there an option of renewal & what period?
There is an option of renewal for a further 3 (Three) years
What is the annual escalation %?
The annual escalation is 8%
What are the trading hours?
The trading hours is week days 12 pm - 8:30 and weekends 12 pm to 9:30
What is the square meters of the business?
The square meters of the business is 87.
Is a copy of the lease available?
A copy of the lease is available.
Do you require a licence?
No licence is required but you have to comply with general Health and Safety standards.
What lease deposit and/or other surety is required?
The lease deposit required is 2 x months in advance of R 18 083 pm and two months operational cost of R 3045 pm a total of R 42 256.
What are the main assets of the business?
The main assets of the business is kitchen equipment and three motorbikes.
Are any items not included in the sale?
All items as per Asset list will be included in the sale.
What is their overall condition?
All assets is in a good, working condition.
Do any require repairing?
None of the assets require repairing.
How have they been valued ?
The assets have been valued by the Seller as in good used condition and same quality as the current assets.
Which assets are on lease/HP and with whom?
None, all assets are unencumbered.
Are they presently insured?
All Assets are comprehensively insured.
Excellent quality of food; Attractive and appetising menu; Lots of regular customers; Do their own deliveries. Specials; Customer satisfaction.
No real weaknesses could have been identify, but with further growth it will be recommended that the owner have to spend more time at the business.
Massive potential in franchising the concept as demand increase monthly. Aggressive marketing in a currently developed residential area, will ensure constant growth.
Ever increasing competition in this kind of business is well known, but clients always return to quality and good service.
What is the reason for the sale?
The Seller's main business is requiring more attention and he feels that he is not doing justice to this business at the moment.
Why is this a good business?
This is a up market pizza Take Away, located in a area with a huge potential for growth.
What is the price plus stock and the net profit?
The selling price of R 1,050 000 includes stock of R 100 000 with a net monthly cash flow/profit of R 44 306 pm before owner's drawings, depreciation and tax.
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