Fully describe the business's activities?
This Diner is situated in a busy shopping center , near a major Hospital . The decor is inspired by 60s diners , the restaurant has 2 levels . Seating is provided for 300 people and a separate Bar area is located on the top floor , overlooking the surrounding area.
How long has the business been established?
The Restaurant was established in 1989. The restaurant has been located at the present site for 9 years.
How long has the owner had the business?
The owner has had the business since 1989.
How does the business operate on a daily basis?
The Diner is a sit down restaurant and bar , but also delivers take away orders , deliveries are done to customers using Delivery companies. The restaurant is a popular destination for Work Functions and Special Events.
How are the clients attracted to the business?
Facebook marketing is done , the business also has a Website.
What Advertising/Marketing is carried out?
Only Facebook marketing is carried out.
What competition exists?
Several Restaurants are located in the shopping center.
What are the seasonal trends?
Holiday periods tend to be busier.
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 and complete Management Accounts are available.
What Balance Sheet and Income Statements are available?
All financial statements are available and up to date.
How could the profitability of the business be improved?
Marketing the diner as a Venue for functions and special events could further improve the sales.
Is Seller finance available and for what amount?
The Seller is open to negotiations.
What is the payback period?
The payback period is 26 months
What is the ROI?
39,3 % ROI
What is the total staff complement?
A total of 20 Staff are employed full time.
Give a breakdown of staff/ functions/ length of service?
Most have worked at the Restaurant for periods of between 3 to 9 years.
Do any receive special perks or incentives?
Performance bonuses are paid at the owners discretion.
Are they on contract?
Yes , all employees have employment contracts.
Do any have management potential?
The restaurant has an experienced management team.
How involved is the Owner in running the business?
The owner spends about 2 hours per day at the Restaurant.
When does the current lease end?
The current lease end in July 2019.
Is there an option of renewal & what period?
Yes , the lease can be renewed for a period to be determined.
What is the square meters of the business?
The premises is 560 sqm excluding the outside seating.
Is a copy of the lease available?
Yes , a copy of the lease is available.
Do you require a licence?
A liquor license is required , this will be transferred to the Buyer.
What are the main assets of the business?
Catering equipment, Tables,Chairs,POS Systems and Office equipment are the main assets of the business.
What is their overall condition?
All equipment is in fair working condition.
Do any require repairing?
No repairs are needed to equipment at present.
Which assets are on lease/HP and with whom?
N outstanding lease/HP agreements on any of the equipment.
The Diner has a unique concept (60s Diner ) , has a large and diverse menu . The diner has a Bar and is popular amount customers for Functions and Special Events. The Business has been making an excelent profit since 1989.
Marketing can be approved.
No threats can be identified at present , it is unlikely that a similar Restaurant will be opened in the immediate area.
What is the reason for the sale?
The owner would like to focus on other business interest.
Why is this a good business?
a Unique concept , great food and high profits, make this a great business for any investor.
What is the price plus stock and the net profit?
Selling price R 4 350 000 -00 (including stock)
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