Sectors / Category

Annual turnover

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  • Mandate: 32442
  • Added: 10 Sep 2018
  • AFS
  • 149

The Curry Bar

Western Cape, West Coast
149
Mandate 32442
Added 10 Sep 2018
R 1,072,500* ZAR
Stock: R 20,000
Assets: R 300,000
R 45,233 ZAR
Geoff Hatt
Aldes Atlantic
Western Cape
Western Cape
Summary

A restaurant serving genuine Durban curry dishes

The Curry Bar
SELLING PRICE AFS
R 1,072,500* ZAR
Stock: R20,000
Assets: R300,000
R 45,233 ZAR
Summary

A restaurant serving genuine Durban curry dishes

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please supply us with your details below

Fully describe the business's activities?
Casual dining restaurant. Takeaway setup with catering for groups and special events from guest houses to local businesses, serving authentic Durban spiced cuisine.

How long has the business been established?
October 2015

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
Normal restaurant activities specialising in curry dishes

How are the clients attracted to the business?
Fantastic reviews on Trip Adviser, Google and Facebook. Word of mouth. Hallaal certified and promoted online. Tourism offices and regional booklet

What Advertising/Marketing is carried out?
Facebook, print, newspapers, media, radio, local businesses

Does the business have any contract work?
No

What competition exists?
No competition regarding Durban curry - a unique concept.

What are the seasonal trends?
Steady income during the year with exceptional peaks during school holidays, long weekends, public holidays and high season. Healthy international support due to Kite surfing and Windsurfing seasons.

Is the business VAT Registered?
No

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

What Balance Sheet and Income Statements are available?
Up to Feb 2018

What percentage of the business is cash/credit?
39% Card sales 61% Cash sales

What is the age analysis of the debtors book?
No accounts

How could the profitability of the business be improved?
Increased Breakfast and Coffee offering

What is the total staff complement?
3

Give a breakdown of staff/ functions/ length of service?
Owner Cook/assistant Cleaner

Do any receive special perks or incentives?
No Fixed salary in accordance with labour requirements.

Are they on contract?
Permanent contracted staff

Do any have management potential?
Yes, Cook would like to manage the business and is fully capable to do so.

How involved is the Owner in running the business?
Hands on owner, present 95% of the time.

When does the current lease end?
September 2019

Is there an option of renewal & what period?
Yes, owner happy to extend for a further 5 years

What is the annual escalation %?
10%

What are the trading hours?
Business opens 7 days a week. Mondaty to Saturday 09h00 to 20h00 Sunday 12h00 to 18h00

What is the square meters of the business?
62.72 square metres

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
One month's rental plus levy of R 450

What are the main assets of the business?
Asset list on file

Are any items not included in the sale?
No

What is their overall condition?
Excellent condition

Do any require repairing?
No

How have they been valued ?
Fair market value

Are they presently insured?
Yes

Strengths?
Authentic offerings Steady income Halaal certified Established business

Weaknesses?
None

Opportunities?
Deliveries, Breakfasts, Coffee offering, catering

Threats?
None at present

What is the reason for the sale?
To invest more time in our social development projects

Why is this a good business?
Annual growth Unique offering and potential to grow with a steady income

What is the price plus stock and the net profit?
R 1 072 500 including stock Net profit : R 45 230/month Stock : R 20 000

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FRANCHISE DETAILS

Aldes Atlantic

6 members
26 active mandates
Western Cape
33 Montague Drive
7441

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