Fully describe the business's activities?
Fast Food Restaurant
How long has the business been established?
Since April 2017
How long has the owner had the business?
Since April 2017
How does the business operate on a daily basis?
Shop opens, prepares food and serves walk in customers
How are the clients attracted to the business?
It's in a residential area, so clearly visoble
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
Nothing in close proximity
What are the seasonal trends?
Business has grown steadily since opening, so no trends noticed.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
No credit given.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Is Seller finance available and for what amount?
What is the Return On Investment?
Over the last 10 months the ROI has averaged 63.4%
What is the Payback Period
Just 19 months, but as a new business, turnover is growing, so it will probably be less than 19 months.
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
One manager All help in various functions
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
Manager in okace
How involved is the Owner in running the business?
Not at all
When does the current lease end?
Is there an option of renewal & what period?
What are the trading hours?
Mon to Thu 9 am to 8 pm; Fri and Sat 9 to 8.30 pm
Is a copy of the lease available?
What are the main assets of the business?
Equipment, table and chairs, counters etc
Are any items not included in the sale?
What is their overall condition?
New in April 2017
Do any require repairing?
How have they been valued ?
Cost in April 2017 R900,000
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
A lot of residential complexes and houses in immediate vicinity
Not on busy road, so visibility limited.
Deliveries and alcohol licence would help. More advertising.
None so far
What is the reason for the sale?
Owner has no time to spend in the business, as he has other business interests.
Why is this a good business?
Good profits with turnover growing each month. No owner involvement in the running of this business since opening. WIth a personal touch, this could grow to new heights.
What is the price plus stock and the net profit?
R450,000 plus stock R25,000. Net profit approximately R25,000/month
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