Fully describe the business's activities?
Local pub with registered franchise license and opportunity to established more franchises. Quiz nights, free entrance to live entertainment on weekends, slot machines. 128 seats. Average customer age around 38 years. Numerous awards-Best in SA, etc
How long has the business been established?
Established for 15 years
How long has the owner had the business?
Owner bought the business in 2008
How does the business operate on a daily basis?
The business enjoys a lot of repeat business. Managers open and close daily and also oversee stock control and ordering thereof.
How are the clients attracted to the business?
Definitely word of mouth. Generous portions are served at a good price. Value for money. Free entertainment.
What Advertising/Marketing is carried out?
Advertising via Facebook and website
What competition exists?
There is competition in the area
What are the seasonal trends?
Busy from March to October with the busiest months being June/July/August. Business quiets down from the week before Christmas.
Is the business VAT Registered?
Yes, the business is registered for VAT
What VAT documentation is on file?
All relevant documentation is available from the owner.
Are there up-to-date Management Accounts available?
Point of sale records are available upon request Please note that all Turnovers/Cost of Sales and Expenses on this report INCLUDES VAT.
What Balance Sheet and Income Statements are available?
Financials for February 2018 has been finalised
What percentage of the business is cash/credit?
Only 10% of sales are cash.
How could the profitability of the business be improved?
A revamp/face lift
Is Seller finance available and for what amount?
Owner will consider seller's finance to a candidate with suitable background and a deposit of R4mil.
What is the total staff complement?
2 x Day Managers (only one will stay on) 2 x Night Managers 2 x Temp Managers 4 x Grillers 8 x Cleaners (day/night shift) about 15 x Barmen and Waiters
Give a breakdown of staff/ functions/ length of service?
Managers have been with the business between 2 and 6 years
Do any receive special perks or incentives?
Barmen and Waiters receive commission and tips
Are they on contract?
How involved is the Owner in running the business?
Owners oversees all admin and payments Bookkeeper takes care of books and payroll
When does the current lease end?
Owner in process of renewing the lease for a further 5 years in 2018
What is the annual escalation %?
What are the trading hours?
Monday to Saturday from 10am until 2am Closed on Sundays
What is the square meters of the business?
Is a copy of the lease available?
A copy of the lease will be available from the owner.
Do you require a licence?
Liquor License TV Licenses
What lease deposit and/or other surety is required?
Two month deposit payable
What are the main assets of the business?
Kitchen equipment, TV's, Fridges, Walk in Fridge, CCTV, Tables
Are any items not included in the sale?
What is their overall condition?
Everything is well maintained
How have they been valued ?
Are they presently insured?
Comprehensive insurance is in place
The Name of the business is well known and established. Regular clientele. Great value for money Registered Franchise with a Registered Trademark and Copyright
Long trading hours but have day and night shifts
Registered Franchises can be sold Revamp
None were identified
What is the reason for the sale?
Owner would like to focus on his other business
Why is this a good business?
Well loved pub with excellent systems in place and loyal and well trained staff.
What is the price plus stock and the net profit?
Selling price of R5 750 000 includes the Name of the Business, Stock, Franchise Rights and Documents
Annual Turnover Amount between R 500 thousand and R 6 million