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?
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?
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?
Is there an option of renewal & what period?
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?
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
Newly established, growth opportunities, family attraction, large kitchen can be used for catering as well.
Little marketing, owners ill health
Grow lunch trade, more marketing, promotions
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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