Sectors / Category

Annual turnover

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  • Mandate: 32900
  • Added: 27 Mar 2019
  • AFS
  • 324

Well supported local restaurant

KwaZulu-Natal, North Coast
324
Mandate 32900
Added 27 Mar 2019
R 2,100,000* ZAR
Stock: R 100,000
Assets: R 500,000
R 107,085 ZAR
Kirk Berkeley
(PRINCIPAL)
Aldes Ambassadors
KwaZulu-Natal, Dolphin Coast
KwaZulu-Natal, Dolphin Coast
Summary

Popular, established Restaurant with Strong Local following

Well supported local restaurant
SELLING PRICE AFS
R 2,100,000* ZAR
Stock: R100,000
Assets: R500,000
R 107,085 ZAR
Summary

Popular, established Restaurant with Strong Local following

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Fully describe the business's activities?
An extremely popular restaurant serving a well rounded menu comprising of breakfast lunch and dinner trade.

How long has the owner had the business?
The current owner has had the business 6 years

How are the clients attracted to the business?
The business has an extremely strong local following; very little local advertising marketing is done, and the business still shows great turnover. There is certainly scope for more aggressive marketing.

What Advertising/Marketing is carried out?
Very little advertising is done in the local area due the a very strong local / regular following

What competition exists?
There is some competition in the area.

What are the seasonal trends?
The north coast has always been very seasonal area December has always been a good month with school and public holidays also being strong

Is the business VAT Registered?
The business is VAT registered

What VAT documentation is on file?
VAT returns will be made available to qualified buyers

Are there up-to-date Management Accounts available?
Yes - Management accounts will be made available to qualified buyers

What Balance Sheet and Income Statements are available?
Yes - this information will be made available to qualified buyers

What percentage of the business is cash/credit?
No credit sales are taken on. All the bills are settled on completion.

How could the profitability of the business be improved?
Increased advertising as well as a more hands owner operator would certainly increase profitability.

Is Seller finance available and for what amount?
Seller finance is not available.

What is the total staff complement?
There are 18 full time staff on the payroll

Do any receive special perks or incentives?
No staff , member receive any special incentives

Are they on contract?
Yes – all staff have employment contracts in place

Do any have management potential?
With mentoring some of the staff have the ability to work unsupervised however it is suggested the new owner is more involved in the business.

How involved is the Owner in running the business?
The owner has other business interests that have taken up much of his time, there are 2 managers on site who have run the business effectively whilst he has been of site.

When does the current lease end?
August 2021

What are the trading hours?
6:30 - 21:30

What is the square meters of the business?
Inside 300sqm, with a large covered outside area.

What are the main assets of the business?
Computers, all fridges, coffee machines, ovens etc.

Are any items not included in the sale?
All assets are included in the sale

What is their overall condition?
Extremely good

Do any require repairing?
Not at the moment, all assets are in good working order

How have they been valued ?
Assets have been valued at current market value

Are they presently insured?
All assets are fully insured

What is the reason for the sale?
The current owner is involved in various other business ventures to give this business the time it needs.

Why is this a good business?
The business is a successfully running and setup restaurant it already has a very good name and extremely string local following - a more involved, hands on owner operator would be able to take this to the next level. That coupled with the various housing developments in the area means there is also huge potential for growth.

What is the price plus stock and the net profit?
Selling price: R2,000,000 Net Profit: R100,000 PM Stock: R100,000

Other listings by Kirk
FRANCHISE DETAILS

Aldes Ambassadors

2 members
6 active mandates
KwaZulu-Natal , Dolphin Coast
29 Kyalami Park Cnr Douglas Crowe drive & Stewart Drive Ballito
Dolphin Coast
4051

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