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 for the last 5 years.
How does the business operate on a daily basis?
Platters are ordered in advance and also same day. Lunches are ordered in the morning. This is a well known brand catering for the walk in business, catering and delivery.
How are the clients attracted to the business?
Through Directarketing, 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 usually a quieter month.
Is the business VAT Registered?
Yes 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?
They will be made available to approved clients.
What Balance Sheet and Income Statements are available?
Management Accounts are available
What percentage of the business is cash/credit?
The business is a cash and credit card business.
How could the profitability of the business be improved?
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 2 similar businesses
What are the main assets of the business?
The assets comprise fridges, chest freezers, computers, gas stove, counters, steel prep tables, delivery bikes etc
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
Good qualit healthy food at reasonable prices. Also cater for the banting crowd, Strong Franchisor and captive market closeby.
Slow during school holidays April and December.
The market for food is huge. However this brand is unique in its offering.
Competition mainly from different food outlets.
What is the reason for the sale?
Owner is not well and wishes to sell. Thus selling price move quickly.
Why is this a good business?
Good solid cash business priced well to buyers.
What is the price plus stock and the net profit?
See mandated details.
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Annual Turnover Amount between R 500 thousand and R 6 million