Fully describe the business's activities?
Joburgâs most famous Mexican institution still delights locals with good service, margaritas by the litre, and crispy-shelled mushroom tacos. Originally inspired by taquerias and food trucks in New York and London, the eatery wide selection of âlos mas pequenosâ tapas faithfully mirrors the communal eating styles found over the pond.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Monday 17:00-12:00 Tuesday-Saturday 12:00-12:00 Sunday 12:00-16:00
How are the clients attracted to the business?
Website Google Facebook
Is the business VAT Registered?
Business registered for VAT
Are there up-to-date Management Accounts available?
Yes, will be made available during a Due Diligence period
What percentage of the business is cash/credit?
What is the total staff complement?
16 permanent staff 9 casual satff
Do any have management potential?
Yes, existing manager in place
How involved is the Owner in running the business?
The owner has other business they operate, has systems and processes in place in order not to be at the business all of the time,
When does the current lease end?
Is there an option of renewal & what period?
Yes for a further 5 years
What is the annual escalation %?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Furniture and Fixtures Kitchen Equipment
What is their overall condition?
Good working condition
Are they presently insured?
The Venue has build a strong brand over the years, situated at a great location with daily foot traffic
The business is largely dependant on the Economy.
The business is still in its growth phase and hasn't reached maturity status yet.
What is the reason for the sale?
The owner has other existing businesses which they are focusing on.
Why is this a good business?
Business still in its growth phase, great location and brand offering.
What is the price plus stock and the profit?
R1,798,000 (incl. stock of R98,000) R780,000.00 profit forecast for 2019
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