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?
How long has the owner had the business?
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?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
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?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
What is the square meters of the business?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Assets and premises in good condition
Well established, good brand, loyal client base, store has been revamped, good manager
Owner not invloved
More focused marketing in the area
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
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