Fully describe the business's activities?
Restaurant that does sit-down, take aways and also platters for special occassions
How long has the business been established?
Owner opened the shop in 1996 and has been involved since inception 22 years ago.
How does the business operate on a daily basis?
Open at 10h00 in the morning and operates until closing time which varies. There is always a manager on duty, which allows the owners more free time.
How are the clients attracted to the business?
Quality, value and service. The consistency in their food offering is astounding and brings customers back everytime.
What are the seasonal trends?
People enjoy watching televised sport here Busiest months are during winter
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
Cash 30% Credit 70%
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
3 FOH 7 waiters 16 BOH 3 managers
Are they on contract?
Do any have management potential?
Good managers already in placed
How involved is the Owner in running the business?
Very involved and this is the true success of any business
When does the current lease end?
Is there an option of renewal & what period?
Do you require a licence?
Yes Liqour License
What are the main assets of the business?
Kitchen equipment Tables and chairs
What is their overall condition?
This business is established and has been growing annually. It is very consistent thru difficult economic times. Service, quality of product and consistency in the market has been their strengths and still are.
Changing the market to attract more younger clientele that reside in the area and marketing towards the overflow of events in the area
The area has been changing the last couple of years and the shop has not been changing with it at the same rate.
What is the reason for the sale?
Owners want to retire
Why is this a good business?
This business is established and priced extremely well. Value, service and quality product has kept it one of the successful restaurants in Bloemfontein for the last couple of years. Staff are well trained and managers that are in place adds value so that the new potential owner can have some time off should they want to.
What is the price plus stock and the net profit?
Price R 2 950 000 ex VAT excluding stock Stock R60 000 ex VAT Netting roughly R98 000 p m
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million