Sectors / Category

Annual turnover

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  • Mandate: 31960
  • Added: 19 Jun 2018
  • AFS
  • 584

Action Bar, Tote, Casino Machines and Pool Tables

KwaZulu-Natal, Mpumalanga Other Areas
584
Mandate 31960
Added 19 Jun 2018
R 1,200,000* ZAR
Stock: R 25,000
Assets: R 580,000
R 35,273 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Business is very well situated in the heart of a very busy lifestyle centre, very well supported by the locals in the area. 3 Main streams of income Action Bar, Tote and Casino that has a clientele from the minute the business opens till closing time. Very easy to run business, staff is well trained and all structures are in place. Good Nett profit Returns

Action Bar, Tote, Casino Machines and Pool Tables
SELLING PRICE AFS
R 1,200,000* ZAR
Stock: R25,000
Assets: R580,000
R 35,273 ZAR
Summary

Business is very well situated in the heart of a very busy lifestyle centre, very well supported by the locals in the area. 3 Main streams of income Action Bar, Tote and Casino that has a clientele from the minute the business opens till closing time. Very easy to run business, staff is well trained and all structures are in place. Good Nett profit Returns

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please supply us with your details below

Fully describe the business's activities?
The business is an action bar which includes a tote, 5 gambling machines and 2 pool tables

How long has the business been established?
12 Years

How long has the owner had the business?
1 Year

How does the business operate on a daily basis?
Clients visit the bar from 9.00am to 6.00pm 7 days a week, all staff in place manger opens and closes the business

How are the clients attracted to the business?
By word of mouth, business is very well established in a busy lifestyle centre, very well supported by the locals

What competition exists?
There are no other action bars in the immediate area

What are the seasonal trends?
Business is constant through out the year and picks up in December

Are there up-to-date Management Accounts available?
Up to Date management accounts available to any serious enquiries during due diligence stages

What Balance Sheet and Income Statements are available?
Feb 2018 balance sheets are on file

What percentage of the business is cash/credit?
All cash takings

How could the profitability of the business be improved?
By more advertising and promotions at the bar

Is Seller finance available and for what amount?
Seller will consider a small percentage 10 - 15 % over a short term 6 - 12 month period

What is the total staff complement?
Staff complement is 8

Give a breakdown of staff/ functions/ length of service?
1 manager, 3 cashiers, 1 barman, 2 security guards, 1 cleaner

Are they on contract?
All staff are on a permanant basis

How involved is the Owner in running the business?
The owner visits the business twice a week

Is there an option of renewal & what period?
The new owner will have renewed lease for a period that will suit him

What are the trading hours?
9.00am to 6.00pm 7 days a week

What is the square meters of the business?
240sq mtrs

Is a copy of the lease available?
Yes, during due dillegence stages

Do you require a licence?
The owner has the relative liquor & casino licence which can be transfered

What lease deposit and/or other surety is required?
One Months Rent R 35 000.00

What are the main assets of the business?
Bar, 2 cold rooms, 5 gambling machines, 4 pool tables & shop fittings & furniture

Are any items not included in the sale?
All assets will be sold as per assets list

What is their overall condition?
Excellent Condition

How have they been valued ?
Current market related values

Which assets are on lease/HP and with whom?
All assets are paid for cash

Are they presently insured?
The owner has cover, comprehensive insurance in place

Strengths?
The business is in the heart of the business centre, very well supported that offers entertainment to the locals.

Weaknesses?
Business needs strict stock control to eliminate theft in the business, however the owner will assist/explain how to monitor/ control stock with point of sale in place.

What is the reason for the sale?
The owner wants to relocate back to Cape Town

Why is this a good business?
Good solid Nett profit, easy to run business

What is the price plus stock and the net profit?
The selling price is R1 350 000.00 including stock and the net profit is R 49500.00 pm

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FRANCHISE DETAILS

Aldes Zululand

1 members
46 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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