Fully describe the business's activities?
The business is a popular Coffee Shop in the best Shopping Centre in town. Fully assetised and staffed and there are 20 tables and 50 seats for customers.
How long has the business been established?
The business was established by the Owner in 2015.
How are the clients attracted to the business?
Passing trade and return customers.
What Advertising/Marketing is carried out?
Very little advertising/marketing is carried out.
What competition exists?
There are various competitors in the Centre.
What are the seasonal trends?
Fairly consistent through the year, peaks in December.
Is the business VAT Registered?
The business is VAT registered and VAT documentation can be provided to pre-qualified buyers.
Are there up-to-date Management Accounts available?
There are up to date management accounts, which can be provided to pre-qualified buyers.
How could the profitability of the business be improved?
Profitability could be increased through creation of a website plus marketing drive. More Owner involvement to increase income plus reduction of wage bill.
What is the total staff complement?
There are 12 staff and 2 managers. Owner involvement will reduce wages and increase profitability.
How involved is the Owner in running the business?
The Owner is not able to be as involved as he would like to be due to other business commitments.
When does the current lease end?
The current lease continues until June 2020. A longer lease will be arranged for new owner.
What is the square meters of the business?
The Coffee Shop has 39sqm + 75sqm in Centre passage.
What are the main assets of the business?
The main assets are kitchen equipment, cappuccino machine, cutlery and crockery, tables and chairs, shopfitting, signage etc.
Are any items not included in the sale?
The Company owns a vehicle which is not included in the sale.
What is their overall condition?
The overall condition of the assets is good .
How have they been valued ?
The assets are disclosed at original cost (2015).
Ideally situated in the best Shopping Centre in town.
There is competition in the Shopping Centre.
Further marketing/changing menus.
What is the reason for the sale?
The Owner has recently acquired a larger business and does not have the time available for this Coffee Shop.
Why is this a good business?
It is a well established, popular Coffee Shop in the best Shopping Centre in town. It is beautifully set out and a new Owner can "move right in".
What is the price plus stock and the net profit?
The FY 2019 annual equivalent business pre-tax profit is R85k, after adjustment for reduction in wages as if Owner involvement, stock on average R30k, Selling price R395k (plus stock). Initial set up cost was R690k.
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