Fully describe the business's activities?
This Fast Food Restaurant is situated on a University Campus , it sells mostly Burgers and other fast foods.
How long has the business been established?
The business was established in 2015
How long has the owner had the business?
The owner started the business in 2015.
How does the business operate on a daily basis?
The business has a large client base , consisting off mostly University students. The Restaurant operates 9 months a year
How are the clients attracted to the business?
The Restaurant is situated on the University Campus and as such has a large captive market.
What Advertising/Marketing is carried out?
No marketing is carried out at present.
What competition exists?
Competition is limited as the restaurant is situated on a University campus.
What are the seasonal trends?
The restaurant is closed during Holiday times , it operates 9 months a year.
Is the business VAT Registered?
Yes , the business is Vat registered.
What VAT documentation is on file?
Vat 201 returns are available.
Are there up-to-date Management Accounts available?
Yes , detailed Management accounts are available.
What Balance Sheet and Income Statements are available?
Complete Financials are available from 2015 until the present.
What percentage of the business is cash/credit?
All sales are cash or card.
What is the total staff complement?
The restaurant has 10 permanent staff members
Give a breakdown of staff/ functions/ length of service?
The manager has been employed since 2015. Other employees have worked for varied periods since 2015.
Do any receive special perks or incentives?
No special bonuses or perks are paid at present.
Are they on contract?
Yes .all employees have employment contracts.
How involved is the Owner in running the business?
The owner is Not involved in the daily running of the business , as he owns several other Restaurants.
When does the current lease end?
The current lease ends in 2021.
Is there an option of renewal & what period?
The lease can be renewed for a 5 year term.
What are the trading hours?
Monday to Friday : 8 am to 7 pm Saturday : 8 am to 2 pm
What is the square meters of the business?
150 sqm , excluding the outside seating.
Is a copy of the lease available?
Yes , a copy of the lease is available.
What are the main assets of the business?
Catering equipment , computers and POS systems are the main assets of the business.
Are any items not included in the sale?
The extractor system is not included in sale , as it was installed by the Landlord (university)
What is their overall condition?
All equipment is in excellent condition , as all equipment was new when operations started in 2015.
Do any require repairing?
No repairs to equipment are needed at present.
Which assets are on lease/HP and with whom?
No outstanding HP/Lease agreements on any of the equipment. a Coffee making machine is rented at R 2570 -00 per month.
The business has a captive market of University students. The rent is only R 8000 -00 per month.
The business only operates 9 months a year.
Specials and Promotions targeted to Students could improve the Sales.
It is highly unlikely that additional competitors will emerge.
What is the reason for the sale?
The owner has other business interests.
Why is this a good business?
The Restaurant has a large captive market of university students, and has shown a steady growth in Sales and Profits since 2015.
What is the price plus stock and the net profit?
Selling price R 1 300 000 -00 (inc Vat and Stock) Nett profit R 52,225.00 per month.
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