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  • Mandate: 32279
  • Added: 21 Jul 2018
  • AFS
  • 526

New Established Restuarant Set up Value - R 600 000.00

KwaZulu-Natal, Durban
526
Mandate 32279
Added 21 Jul 2018
R 280,000* ZAR
Stock: R 40,000
Assets: R 450,000
R 12,279 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Newly established restaurant in a busy sought after area. Restaurant caters well for the local community and has had a great response for the short time it has been open for. Owner is looking at setting up more units, looking for investment into this great concept. Low capital investment, great returns.

New Established Restuarant Set up Value - R 600 000.00
SELLING PRICE AFS
R 280,000* ZAR
Stock: R40,000
Assets: R450,000
R 12,279 ZAR
Summary

Newly established restaurant in a busy sought after area. Restaurant caters well for the local community and has had a great response for the short time it has been open for. Owner is looking at setting up more units, looking for investment into this great concept. Low capital investment, great returns.

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Fully describe the business's activities?
Restaurant Grill & Steakhouse

How long has the business been established?
4 Months

How long has the owner had the business?
Owner established the business, seller looking at setting up more units alike.

How are the clients attracted to the business?
Only steakhouse in the area and is highly recommended.

What Advertising/Marketing is carried out?
Social media advertising & Newspapers.

Does the business have any contract work?
None

What competition exists?
Yes

What are the seasonal trends?
Business tends to be busy during December Easter & School Holidays. Business constant throughout the rest of the year.

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes, Up to Date

What percentage of the business is cash/credit?
All cash

How could the profitability of the business be improved?
More marketing, currently registered with Mr Delivery that is registered with more than 300 000 customers.

Is Seller finance available and for what amount?
Seller is willing to negotiated on this point.

What is the total staff complement?
5 Staff

Are they on contract?
No

Do any have management potential?
Yes in place

How involved is the Owner in running the business?
50% of the time

When does the current lease end?
3 Years ends in 2021

Is there an option of renewal & what period?
Yes, for a further 3 years

What is the annual escalation %?
8%

What are the trading hours?
Mondays - Saturday 10am - 8pm

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
R 20 000.00

What are the main assets of the business?
Restaurant furniture, Equipment & Menu

Are any items not included in the sale?
All included as per assets register

What is their overall condition?
Excellent

Do any require repairing?
None all in very good working order.

How have they been valued ?
Current market related values.

Which assets are on lease/HP and with whom?
None all paid cash

Are they presently insured?
Yes, full comprehensive insurance in place.

Strengths?
Only steakhouse in the area, the quality of the food is outstanding and being getting rave reviews for the past 4 months. Furthermore it is the only halaal restaurant in the area, added advantage that it caters for the muslim community within the area. Staffs are trained well that ensures good standard of service. Restaurant situated in prime location and area.

Weaknesses?
Restaurant is relatively new and needs more marketing.

Opportunities?
Delivery service, outside catering & functions.

What is the reason for the sale?
Family reasons, owner wants to set up more units

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FRANCHISE DETAILS

Aldes Zululand

2 members
27 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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