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Annual turnover

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  • Mandate: 33051
  • Added: 24 Apr 2019
  • AFS
  • 568

Steakhouse Restaurant

Gauteng, Johannesburg
568
Mandate 33051
Added 24 Apr 2019
R 1,900,000* ZAR
Stock: R 200,000
Assets: R 4,000,000
R 45,238 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Elegant newly built steakhouse/ restaurant with kids play area. Potential to maximize space by focusing and adding focus to lunchtime trade. Well located with trained staff.

SELLING PRICE AFS
R 1,900,000* ZAR
Stock: R200,000
Assets: R4,000,000
R 45,238 ZAR
Summary

Elegant newly built steakhouse/ restaurant with kids play area. Potential to maximize space by focusing and adding focus to lunchtime trade. Well located with trained staff.

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Fully describe the business's activities?
This large very elegantly and expensively established steakhouse has a kids play area. Ideal for families. Major opportunities to market the business and grow the lunch trade. This is an opportunity to save on setting up your own restaurant. Will suit young entrepreneur or experienced operator

How long has the business been established?
Since inception

How does the business operate on a daily basis?
Opens for lunch however the main trade is evenings and weekends

What Advertising/Marketing is carried out?
This needs focus and energy, nothing being done currently other than a web site.

What competition exists?
The typical competitors would be Turn & Tender and Pappachinos.

What are the seasonal trends?
December is peak season

Is the business VAT Registered?
Yes.

What is the total staff complement?
1 manager, 8 waitrons, 10 kitchen staff

How involved is the Owner in running the business?
Owner is involved daily

When does the current lease end?
4 years

Is there an option of renewal & what period?
Yes

What are the trading hours?
12-10 Sun 12-3

What is the square meters of the business?
TBC estimateover 500m2

Do you require a licence?
Yes Liquor

What lease deposit and/or other surety is required?
1 month plus month in advance. Base rent R45k

What are the main assets of the business?
Business has all assets, newly built so in excellent condition

Strengths?
Newly established, growth opportunities, family attraction, large kitchen can be used for catering as well.

Weaknesses?
Little marketing, owners ill health

Opportunities?
Grow lunch trade, more marketing, promotions

Threats?
The economy

What is the reason for the sale?
Seller is ill

Why is this a good business?
This is an opportunity to take over a business for significantly less than it would cost to establish. There is a base to build from.

What is the price plus stock and the net profit?
R2m plus stock

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FRANCHISE DETAILS

Aldes Active

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

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