Sectors / Category

Annual turnover

|
  • Mandate: 33115
  • Added: 17 May 2019
  • AFS
  • 397

Ocean Basket

Gauteng, Johannesburg
397
Mandate 33115
Added 17 May 2019
R 2,950,000* ZAR
Stock: R 50,000
Assets: R 1,900,000
R 94,609 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Northern suburbs Ocean basket in local strip mall. Manager run with trained staff. Mainly weekend and evening trade . Menu is sea food focused.

Ocean Basket
SELLING PRICE AFS
R 2,950,000* ZAR
Stock: R50,000
Assets: R1,900,000
R 94,609 ZAR
Summary

Northern suburbs Ocean basket in local strip mall. Manager run with trained staff. Mainly weekend and evening trade . Menu is sea food focused.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Business is well established having opened in 2007. This Ocean Basket is manager run with trained staff. Serves sea food dishes.

How long has the business been established?
Since 2007

How long has the owner had the business?
Since 2006

How does the business operate on a daily basis?
Business is drawn from the surrounding suburb that has a varied mix of businesses and offices. Opens at 11am and trades until 10pm.

How are the clients attracted to the business?
Discounts and promotions , social media advertising, billboards, franchisor advertising and promoting group functions are all used

What competition exists?
There are other restuarants in the centre but none specialize in a full sea food offering

What are the seasonal trends?
Summer is prime season

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
s

What Balance Sheet and Income Statements are available?
Last financial

What percentage of the business is cash/credit?
90% card

How could the profitability of the business be improved?
Having a more involved owner

What is the total staff complement?
1 manager 28 staff

How involved is the Owner in running the business?
Not involved as lives in a different city

When does the current lease end?
2021

Is there an option of renewal & what period?
Yes TBC

What is the annual escalation %?
8%

What are the trading hours?
11h00-22h00

What is the square meters of the business?
334

Do you require a licence?
Yes liquor

What lease deposit and/or other surety is required?
TBC

What are the main assets of the business?
Assets and premises in good condition

Strengths?
Well established, good brand, loyal client base, store has been revamped, good manager

Weaknesses?
Owner not invloved

Opportunities?
More focused marketing in the area

Threats?
Competition

What is the reason for the sale?
Owner lives in KZN

Why is this a good business?
Well established, loyal clients, good brand, recently revamped

What is the price plus stock and the net profit?
R2,950,000 inc stock

Other listings by Rory
R 950KZAR
Added : 27 Jun 2019 140
Yearly profit : R314,241
Gauteng
R 500KZAR
Franchise
Added : 24 Jun 2019 157
Yearly profit : R242,233
Gauteng
R 14.58MZAR
Added : 11 Jun 2019 408
Yearly profit : R4,265,999
Gauteng
FRANCHISE DETAILS

Aldes Active

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

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 2.48MZAR
Added : 8 Jul 2019 70
Yearly profit : R1,198,943
Western Cape
R 2.45MZAR
Franchise
Added : 1 Jul 2019 324
Yearly profit : R868,546
Gauteng
R 2.25MZAR
Added : 3 Jun 2019 175
Yearly profit : R619,405
Western Cape
R 3.90MZAR
Added : 30 May 2019 217
Yearly profit : R1,147,607
Western Cape
R 1.76MZAR
Added : 29 May 2019 245
Yearly profit : R736,690
Gauteng
R 1.90MZAR
Added : 24 Apr 2019 334
Yearly profit : R542,851
Gauteng
R 2.00MZAR
Franchise
Added : 11 Apr 2019 324
Yearly profit : R389,064
Gauteng
R 2.10MZAR
Added : 27 Mar 2019 511
Yearly profit : R1,285,024
KwaZulu-Natal

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 245KZAR
Franchise
Added : 16 Jul 2019 35
Yearly profit : R464,472
Gauteng
R 1.52MZAR
Added : 15 Jul 2019 131
Yearly profit : R822,607
Gauteng
R 1.65MZAR
Added : 12 Jul 2019 132
Yearly profit : R1,412,503
Gauteng
R 1.80MZAR
Added : 12 Jul 2019 108
Yearly profit : R645,952
Gauteng
R 460KZAR
Added : 12 Jul 2019 116
Yearly profit : R264,000
Gauteng
R 1.25MZAR
Added : 12 Jul 2019 126
Yearly profit : R407,635
Gauteng
R 545KZAR
Added : 10 Jul 2019 100
Yearly profit : R299,312
Gauteng
R 1.83MZAR
Added : 9 Jul 2019 136
Yearly profit : R852,799
Gauteng