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Annual turnover

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  • Mandate: 32362
  • Added: 22 Aug 2018
  • AFS
  • 808

Stunning Restaurant in Pretoria

Gauteng, Centurion
808
Mandate 32362
Added 22 Aug 2018
R 1,995,000* ZAR
Stock: R 85,000
Assets: R 1,477,554
R 81,015 ZAR
Frank Schrempel
(PRINCIPAL)
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

This restaurant in the Pretoria has become very popular both for it's stunning food and that it is very child friendly which is a great alternative to the brands, it's location is also something special. It also boasts an impressive wine selection! While owner run their is a manager in place and a Sous chef however the owner is still well involved

Stunning Restaurant in Pretoria
SELLING PRICE AFS
R 1,995,000* ZAR
Stock: R85,000
Assets: R1,477,554
R 81,015 ZAR
Summary

This restaurant in the Pretoria has become very popular both for it's stunning food and that it is very child friendly which is a great alternative to the brands, it's location is also something special. It also boasts an impressive wine selection! While owner run their is a manager in place and a Sous chef however the owner is still well involved

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Fully describe the business's activities?
This is a top notch restaurant in a stunning location offering fine dining bistro experience. The business also caters for functions, weddings, baby showers, kitchen teas and corporate events such as lunches, meetings, conferences, farewells and year end functions, all of which are very popular A well stocked wine cellar with a fine selection is also available to the clients While takeaways are also supported they are only a small portion of the business

How long has the business been established?
More than than eight years

How does the business operate on a daily basis?
The business is owner run with the help of a manager and sous chef

How are the clients attracted to the business?
The restaurant has excellent ratings and a very active word of mouth network

What Advertising/Marketing is carried out?
Marketing and advertising is mainly social media such as Facebook, etc. and then media such as billboards as well.

Does the business have any contract work?
No, only functions of which there are normally between around four to five a week

What competition exists?
Nothing in close proximity with the closet about 10km away

What are the seasonal trends?
It is quieter in Winter with the peak months being October, November and December

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All available for due diligence

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
2017 and 2018

What percentage of the business is cash/credit?
±15% is cash with the balance on card

What is the age analysis of the debtors book?
They have ±3 regular customers that pay end of each month, but this is a small amount

How could the profitability of the business be improved?
Making sure that the chef keeps up with the trends Additional advertising and marketing

Is Seller finance available and for what amount?
No, but as an alternative the seller may consider selling up to 45% to a potential buyer and staying in!

What is the total staff complement?
Sixteen staff

Give a breakdown of staff/ functions/ length of service?
1 x Manager 1 x Function Co-ordinator (will also leave if 100% purchase) 5 x Waiters 9 x Kitchen staff

Do any receive special perks or incentives?
Waiters are commission based

Are they on contract?
All except the waiters have employment contracts. waiters are commission only

Do any have management potential?
Manager is already in place

How involved is the Owner in running the business?
The owner is 100% involved in running the business

When does the current lease end?
In 2021

Is there an option of renewal & what period?
Yes and for five years

What is the annual escalation %?
8%

What are the trading hours?
Closed on Mondays Open Tuesday through Sunday

What is the square meters of the business?
±350m²

Is a copy of the lease available?
Yes

Do you require a licence?
Normal for a restaurant, liquor license, Health certificate, Gas, Extractors, Entertainment, etc.

What are the main assets of the business?
Seller will provide

Are any items not included in the sale?
Private laptops

What is their overall condition?
Very good

Do any require repairing?
Ongoing repairs and maintenance is performed

How have they been valued ?
Book value

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

Are they presently insured?
Yes

Strengths?
Excellent reputation Very well known and popular Well trained and knowledgeable Staff Functions held at the venue The experience offered by the restaurant, food and venue

Weaknesses?
Demand on the owners time

Opportunities?
Additional advertising and marketing More functions Drive lunches

Threats?
None

What is the reason for the sale?
Looking to relocate to the coast

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FRANCHISE DETAILS

Aldes Orion

2 members
14 active mandates
Gauteng , Pretoria East
108 Lynburn Rd, Lynnwood Manor
Pretoria East
0081

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