Fully describe the business's activities?
The business is a long established cafe with a retail bottle store and tavern.
How long has the business been established?
The business has been established for 20 years.
How long has the owner had the business?
The current owner has had the business for the past 6 years.
How does the business operate on a daily basis?
The business operates on a daily basis by supplying fast food, liquor from retail liquor sales and inside tavern seating. The business has been established for many years in the main CDB area of an Mpumalanga city. The premises Itself has massive passing foot traffic The face of the business portrays a take away and retail liquor store .Inside the premises is a massive fully equipped tavern with another retail bottle store, pool table, V slots and seating with music . The business is well supported and has prime position and is focused on supplying the mass market.
Give a breakdown of staff/ functions/ length of service?
The business is fully staffed and has manages in place to manage and run the daily operations of the business, the seller himself does not operate or work in the business directly. He with reports from point of sales systems places the orders and overall manages the income and expenditure. The business gets supplied from the sellerâs distribution wholesale warehouse that is supplied by the local breweries and other liquor providers. A staff list will be provided to a serious qualified buyer.
Is a copy of the lease available?
The business has a lease in place and the landlords will be willing to either cede the current lease to the new owner or sign a new lease with the prospective new tenants. The landlords will require a 2 months rental deposit as well as the first monthâs rental upfront.
What are the main assets of the business?
The operational assets included in the sale are listed on an asset inventory and they are the unencumbered property of the seller. There are certain operational assets which do not belong to the seller and these will not be included in the purchase price and sale of the business. These will be detailed and new usage agreements with the relevant suppliers will have to be entered into by and between the suppliers and the new owner.
The overview of the business.
The business is a highly profitable business which is very well established, fully equipped and well supported by the local and surrounding communities. It is situated in the main CDB. it offers a take away, retail bore and tavern. All its consumption and retail liquor licenses in place .It enjoys prime location in a highly sought after trading area .The business operationally has all the systems in place .The tavern is busy day and night .The new owner will have to open his own accounts with the relevant liquor suppliers .The fact that some of the display fridges with the liquor in belong to the relevant liquor suppliers the new owner will have to transfer the right of usage of the fridgeâs from the sellers name into theirs .This will apply to the cold rink fridgeâs as well . The new owner will also have to make application with the gaming supplier of the V Slots machines to transfer the rights of usage of their machines. The purchaser will also have to pay for the transfer of the liquor licenses.
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Annual Turnover Amount between R 500 thousand and R 6 million