Sectors / Category

Annual turnover

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  • Mandate: 32665
  • Added: 28 Oct 2019
  • AFS
  • 240

Coffee shop / restaurant day only

Gauteng, Johannesburg
240
Mandate 32665
Added 28 Oct 2019
R 2,160,000* ZAR
Stock: R 60,000
Assets: R 650,000
R 86,649 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Very well established, day time business with night trade opportunity. Secure well visited area in north eastern suburbs.

SELLING PRICE AFS
R 2,160,000* ZAR
Stock: R60,000
Assets: R650,000
R 86,649 ZAR
Summary

Very well established, day time business with night trade opportunity. Secure well visited area in north eastern suburbs.

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Fully describe the business's activities?
This day time coffee shop/ restaurant has been on site for over 20 years. It traded until 2 years ago as a franchise before becoming independent. Due to the exceptional location and loyal customers it has been business as usual. Business is run by a manager with supervisors. Owners are full time employed. Offers a range of breakfast and lunch options with no night time trade. This is a huge opportunity. Business is well decorated and chic There is a function room that is massively under utilized due to lack of marketing.

How long has the business been established?
Since 1998

How long has the owner had the business?
For 2 years

How does the business operate on a daily basis?
Business serves breakfast and lunches only.

How are the clients attracted to the business?
Very loyal customers come from the immediate business and residential areas. Business is very well situated on a well know street that attracts clients.

What Advertising/Marketing is carried out?
Very little with limited social media presence.

What competition exists?
There are few in the area, however the age of the business retains customers.

What are the seasonal trends?
There is a drop off around peak holidays however due to the religious mix of clients this is not as bad as some of the competitors

Is the business VAT Registered?
Yes

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

What Balance Sheet and Income Statements are available?
Available

How could the profitability of the business be improved?
Extending trading into the evening. The area already draws the nigh trade so clients are already in the area.

What is the total staff complement?
7 permanent plus waitrons

How involved is the Owner in running the business?
Currently owner is not. It is assumed new owner would run the business and therefore these costs have been written back.

When does the current lease end?
there is 1 year left. New owner would negotiate new lease. premises were revamp just prior to the owners buying the business. Great look and feel!

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
TBC

What are the trading hours?
M-Fri 7-6, Sat, Sun Public Holidays 7-5

What is the square meters of the business?
300

Do you require a licence?
Yes liquor

What lease deposit and/or other surety is required?
TBC

What are the main assets of the business?
Kitchen equipment and operational assets

What is their overall condition?
Good

Strengths?
Very well established, popular area, day trade only, huge potential still

Weaknesses?
Limited owner involvement, lack of social media, owners are no "foodies"

Opportunities?
Night trade, maximize the private function room, bring some flair

Threats?
Significantly less than competitors, as business has stood test of time.

What is the reason for the sale?
Owners are not operators, need to focus on their jobs.

Why is this a good business?
Well established, trained staff, lots of opportunities

What is the price plus stock and the profit?
R2,5m plus stock

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FRANCHISE DETAILS

Aldes Active

1 members
18 active mandates
Gauteng
Postnet Suite 129, Post Box 92418
2117

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