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?
How long has the owner had the business?
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?
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?
Are there up-to-date Management Accounts available?
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?
How could the profitability of the business be improved?
Increased Breakfast and Coffee offering
What is the total staff complement?
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?
Is there an option of renewal & what period?
Yes, owner happy to extend for a further 5 years
What is the annual escalation %?
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?
Do you require a licence?
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?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Fair market value
Are they presently insured?
Authentic offerings Steady income Halaal certified Established business
Deliveries, Breakfasts, Coffee offering, catering
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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