Fully describe the business's activities?
Selling a variety of Fast Food products for the consumer that has limited time.
How long has the business been established?
1 year ago
How long has the owner had the business?
How does the business operate on a daily basis?
The food is freshly prepared on a daily basis . Cooked stews , curries , vegetables and salads are prepared fresh every morning . Russians & other processed meats are defrosted and ready for frying as and when clients request. Potatoes for chips are pre -cooked and fried when ordered.
How are the clients attracted to the business?
Fast , efficient & tasty food products at affordable prices.
What Advertising/Marketing is carried out?
None Advertisement boards should be visible from the main street
What are the seasonal trends?
still to be established after one year
Are there up-to-date Management Accounts available?
The Seller keeps a daily ledger record of the sales ( manual ledger ) this is normal for takeaway businesses.
What percentage of the business is cash/credit?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
2 ladies preparing food - working on different shifts 1 male - as manager until close 8pm
How involved is the Owner in running the business?
Owner is not involved in the daily operations. Business is managed and owner is informed of stock purchases , daily sales and activities in the business.
When does the current lease end?
The lease ends 31st August 2022
Is there an option of renewal & what period?
8% escalation & option to renew available terms & conditions to be discussed with Landlord
What are the trading hours?
Monday - Friday : 7am to 8am Saturday 7am to 9pm/9:30pm Sunday 8am to 6pm Sometimes the hours are extended when the town is busy.
What is the square meters of the business?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
The landlord will determine the deposit amount.
What are the main assets of the business?
Total of Assets : R220 000
1. Location is excellent 2. Product is popular and in demand 3. Affordable prices
To open up a terrace sit in & eat
What is the reason for the sale?
Owner wants to focus on his main business
What is the price plus stock and the net profit?
R550 000 excl Stock R20000 Assets
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