Fully describe the business's activities?
The business is a fully equipped, modern, well established restaurant in the Nelspruit area.
How long has the business been established?
The business has been established for 5 years.
How long has the owner had the business?
The current owner has operated the business since 2017.
How does the business operate on a daily basis?
The business operates on a daily basis successfully as one of the most popular restaurants in Nelspruit , catering for its many diverse local culture clients within the populated surrounding residential and continuously developing business area. The menu offers and is focused on healthy food choices and freshly prepared juices. The business also bakes its own fresh breads on site. The decor is modern, vibrant and friendly with a compliment of indoor and an outdoor seating area. The business also offer the services of delivering meals ordered if they are valued over R50,00 within a certain radius by means of a delivery motorcycle. The business operates under a Pty. The business has a labor consultant who is paid a monthly remuneration for his services which entail attending to the monthly pay roll, UIF and all other necessary employee related matters that may arise. The stock is delivered and available from local suppliers, in addition the owner shops and sources some products himself for the business. The businesses operations are managed though pilot software and Pastel for the accounting which manages income expenditure and stock control. There is a monthly service fee for this program. Due to the fact that the business plays light music for the enjoyment of its patrons there is a fee paid to Samro and Sampra. The complex wherein the business is situated has security but the business has opted in addition to this for its own in house security alarm system which is monitored by an efficient and professional local security company for a monthly fee.
What competition exists?
There are many restaurants within the surrounding proximity of the business each with their own unique cuisine .
What is the total staff complement?
The business operates with 11 staff and the owner. The staff compliment comprises of 3 x waiters, 4 kitchen preparation operators, 1x scullery operator, 1x Barrister, 1x Pastry chef and 1x driver. All are well trained and well familiar with the businesses operations. The staff are paid an hourly wage. There is also a labor consultant who attends to all the businesses labor related matters and the payroll. The owner is active on a daily basis in the business. He attends to the overall management of the business and the managing of the in house employees as well as the businesses admin, ordering and payments to suppliers.
When does the current lease end?
The business has the luxury of being in one of the most popular outdoor shopping centers in the sunny Lowveld, enjoying this prime location at the entrance of the complex with ample parking and an abundance of offices and businesses surrounding its parameters. There is a copy of the lease on file for perusal. The lease expires in 2021 and the landlord is willing to renew the lease as the business is an asset and compliment to the complex. The landlords will require 1 monthâs rental as a security holding deposit and the first months rental will be payable upfront at the beginning of each and every consecutive month for the duration of the lease period.
What are the main assets of the business?
There is a full asset list on file readily available for perusal by an interested and financially qualified buyer. The asset as listed on the asset inventory on file are all included in the purchase price and sale of the business. The assets are all in a good condition and are the unencumbered property of the seller. The main operational assets of the business are the necessary operational kitchen equipment, blenders cookers fryers, mixer, coffee machine, kitchen utensils, the stylish serving waiters counters, tables and chairs, safe, computer, computer software, office furniture, security cameras, music amp and speakers, beverage fridges and deli display fridge, under bar fridges, wine fridge, table top ice cream machine, ice machine the crockery and cutlery and the deliver motorcycle. The assets for the purposes of this report have been valued at a fair second hand replacement value.
The overview of the business.
The business has an existing well established platform of clients and excellent location with security. The staff complement is a bled and skilled in the current operations which lends favorably to easy management. The business has in the past mostly catered for the healthy eating conscious people but due to the synergy of the developing region expanding and evolving with new businesses flourishing in the area, the seller has implied that this market has evolved and the demand for a more diverse menu can be of some consideration.
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million