Fully describe the business's activities?
Small Takeaway business in a well-known and longstanding Pretoria Industrial Park. They so mainly take-away hamburgers and chips, russian and chips, pies and cooldrinks. They also do deliveries within the area. Most of their income is through passing trade, and workers in the nearby vicinity. They are very propular for breakfast and luchtime rush.
How long has the business been established?
The business has been open for many years in the same spot.
How long has the owner had the business?
The current owner bought the business 4 years ago.
How does the business operate on a daily basis?
The business opens at 05:00 in the morning and closes at 16:00. The owner and his wife both worked in the business with two general staff members. The two employees work in the kitchen preparing the food, cleaning and doing deliveries. The late owner and his wife assisted walk-in clients, taking orders and payments and ordering stock.
How are the clients attracted to the business?
The business is situated in the middle of a longstanding industrial park in Pretoria. Most of their clients are walk-in trade working in the area, their clients are regular clients supporting them on a daily basis.
What Advertising/Marketing is carried out?
None. There are no need for advertising and marketing in this business.
What competition exists?
There is one other takeaway business in the park.
What are the seasonal trends?
The business is closed on Sundays and only open half day on Saturdays. During winter times, the sales tends to decrease.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
The owner provided us with daily sales figures for the past 14-months, average cost of sales figures and monthly expenses.
What percentage of the business is cash/credit?
The business is 100% cash based.
What is the age analysis of the debtors book?
There is about R3000 on their books on a monthly basis.
How could the profitability of the business be improved?
The sales can be improved adding an ice cream machine.
Is Seller finance available and for what amount?
What is the total staff complement?
2 x permanent staff members
Give a breakdown of staff/ functions/ length of service?
They have been with the business for the past 8 years. They are mainly focused on preparing the food and takeaways, doing deliveries, cleaning and packing stock.
Do any receive special perks or incentives?
The owner provides staff meals and try and give them an annual bonus.
Are they on contract?
How involved is the Owner in running the business?
The owner is 100% involved in the daily operations of running the business.
When does the current lease end?
The current lease ends October 2019.
Is there an option of renewal & what period?
There is an option to renew for another 4 years.
What are the trading hours?
Monday - Friday 05:00 - 16:00 Saturday 05:00 - 13:00 Sunday Closed
What are the main assets of the business?
3 x Chip Fryers 2 x Microwaves 2 x Deep Freezers 1 x Gas Cooker 1 x Pie Warmer 2 x Coke Fridges 1 x Cold Drink Fridge 1 x Pepsi Fridge 1 x Oven (Pie cooker and Vetkoek) 1 x Toaster 1 x Chip Maker 1 x Cash Till
Are any items not included in the sale?
Everything will be included in the sale of the business
What is their overall condition?
Everything is in a good and working condition.
Which assets are on lease/HP and with whom?
Are they presently insured?
The owner business insurance.
- Cash business - Easy to operate - Good location and captive market - Regular walk-in lucnh trade.
- Long working hours - Owner involvement required unless the new owners improve the current systems.
Adding an ice cream machine can increase the profits of the business.
What is the reason for the sale?
The owner passed away and his wife and son would like to sell the business.
Why is this a good business?
This is a good cash business with daily walk-in trade. Easy to run business with a consistent income. Good location in well-known industrial park
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Annual Turnover Amount between R 500 thousand and R 6 million