Fully describe the business's activities?
Pool and Billiard Saloon with pub facilities, and also outdoor area for braai's and functions, as well as indoor lounge. DSTV and Juke Box.
How long has the business been established?
Over 18 years
How long has the owner had the business?
How does the business operate on a daily basis?
There are two managers in place who work shifts as venue opens at midday Tuesday to Sunday. Closed on Mondays.
How are the clients attracted to the business?
Strong following over the many years, predominately of younger group, and the venue remains congenial and well supported.
What Advertising/Marketing is carried out?
Predominately Social Media. Very well branded venue.
What competition exists?
There is other competition in town but not in close proximity of this venue.
What are the seasonal trends?
School Holidays and summer are busier than mid winter but not significantly so.
What Balance Sheet and Income Statements are available?
As and when required
What percentage of the business is cash/credit?
Predominately a cash business although cards will be accepted. The business enjoys low commission rates on the cards. Strong cash business from tables.
How could the profitability of the business be improved?
There is an opportunity to introduce light meals after hours and snacks etc, and the liquor sales are very lucrative.
What is the total staff complement?
3 permanents. Owner visits the business randomly. Casuals are employed as and when required.
How involved is the Owner in running the business?
The Owner has other business interests and spends very little time at this business. Strong controls are in place to ensure that monies and stock are well monitored.
Is there an option of renewal & what period?
Yes, subject to negotiation.
What is the annual escalation %?
What are the trading hours?
Tuesday to Sunday 12-00 to close
What is the square meters of the business?
218 sq meters
Is a copy of the lease available?
Do you require a licence?
Yes, liquor license and SAMRO are in place.
What are the main assets of the business?
5 Pool Tables well maintained Under Counter bar fridge and chest freezer 2 Large flat screen and 2 Small flat screen TV's Projector for sport events CCTV system which Owner can view on phone or tablet Point of Sale system with specific POS software.
Are any items not included in the sale?
1 Long bench and 2 chairs are the Owners personal property. 2 Fridges which belong to suppliers.
What is their overall condition?
All in good working order.
Which assets are on lease/HP and with whom?
The GAAP Point of Sale system software is leased.
Are they presently insured?
Well situated with good parking and in a safe area in center of town Strong long following clientele Crowd are very laid back so an easy to manage business from a security point of view. Strong cash business.
Late trading may impact on Owner who wishes to be active in the business.
Increase the product offering to selling of food etc More focus on function catering within the saloon Opportunity exists to introduce slots if the new Owner is actively involved in the business.
There are no existing threats that are known of.
What is the reason for the sale?
The Owner has a very successful and demanding second business which has excellent growth opportunities as technology is introduced. He needs to relinquish himself from this business to manage the growth on his first business.
Why is this a good business?
It is an easy to manage and a strong cash business, which has good growth opportunity to a new Owner who wishes to be actively involved in the business. The business does not require and special skills apart from commitment to hard work.
What is the price plus stock and the net profit?
Asking Price is R760,000 and Stock in region of R25,000 The profit is in the region of R20+ K plus per month.
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