Fully describe the business's activities?
This very well established sandwich and platter fast food business has been around for 10 years. Catering for corporate and private meetings and functions, Serving also lunch for individuals and popular banting food.
How long has the business been established?
The business was established 10 years ago.
How long has the owner had the business?
The owner has had the business since 2013.
How does the business operate on a daily basis?
Platters are ordered in advance as well as same day. Lunches are ordered on the day. This is a walk in business and delivery and catering.
How are the clients attracted to the business?
Through Direct Marketing, Position, Word of Mouth and Menu drops.
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
This brand and business is unique because of the food they serve.
What are the seasonal trends?
January is a quieter month.
Is the business VAT Registered?
The business is VAT registered
What VAT documentation is on file?
VAT disclosures are available for due diligence.
Are there up-to-date Management Accounts available?
Management accounts are available.
What Balance Sheet and Income Statements are available?
AFS are available for due diligence to approved buyers.
What percentage of the business is cash/credit?
The business is cash and credit card. No credit is offered.
How could the profitability of the business be improved?
Quality management and more marketing.
Is Seller finance available and for what amount?
No seller finance is available.
How involved is the Owner in running the business?
The owner is 100% involved in the business.
What are the main assets of the business?
Assets comprise in the main of Computers x 3, 2 Fridges, 3 Chest Freezers, 1 gas Stove, 1 Toaster, Counters, Steel Prep Tables, Printers, 3 Delivery Bikes,.
Are any items not included in the sale?
What is their overall condition?
All assets are in good condition.
Do any require repairing?
How have they been valued ?
Valuation by Owner at Market value.
Which assets are on lease/HP and with whom?
The 3 Computers and OKI Printer are on Lease.
What are their settlement amounts?
To Be Advised
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
All assets are insured.
Good quality healthy food at reasonable prices. Strong Franchisor, Good location and Market nearby.
Slow during school holidays and weekends which is understandable for this business.
Many office parks to bring in additional clients.
Huge demand in market place for sandwiches.
What is the reason for the sale?
The owner is not well and wished to sell the business.
What is the price plus stock and the net profit?
This is a performing outlet in a good area. They have a 10 year relationship with customers and have built up tremendous goodwill.
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Annual Turnover Amount between R 500 thousand and R 6 million