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Annual turnover

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  • Mandate: 33339
  • Added: 22 Aug 2019
  • AFS
  • 11

Cafe in Johannesburg

Gauteng, Johannesburg
11
Mandate 33339
Added 22 Aug 2019
R 1,620,000* ZAR
Stock: R 80,000
Assets: R 338,200
R 44,810 ZAR
Bronwen Barnard
Aldes Focus
Gauteng
Summary

Great staff who self-manage the business, delivering good net profit numbers, with very little owner involvement, nice lifestyle business

SELLING PRICE AFS
R 1,620,000* ZAR
Stock: R80,000
Assets: R338,200
R 44,810 ZAR
Summary

Great staff who self-manage the business, delivering good net profit numbers, with very little owner involvement, nice lifestyle business

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Fully describe the business's activities?
Breakfast & Lunch Cafes(two) based in different locations with external deliveries, including Boardroom food and drink deliveries. This spot is a very popular location for business meetings or a lunch spot for people working at the nearby office blocks. This business model can be turned into franchised stores.

How long has the business been established?
The owner started the business in 2016 and has successfully run it since the beginning.

How does the business operate on a daily basis?
The business is open for breakfast and lunch and has a manager in place. The owner is not involved in the business on a day-to-day basis but manages

How are the clients attracted to the business?
The location, food quality and high level of customer service keeps patrons coming back.

What Advertising/Marketing is carried out?
Facebook and other social media platforms.

What competition exists?
A few smaller cafe's in the area.

What are the seasonal trends?
The business closes over Christmas holidays and all staff take their leave at this time.

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
Yes, this can be provided to a interested party.

What Balance Sheet and Income Statements are available?
All available, dated back to opening.

What percentage of the business is cash/credit?
6-8% Cash

How could the profitability of the business be improved?
New owner to take over and be involved in the management of the business and thus removing two heads. Sell more Boardroom Space and external functions.

Is Seller finance available and for what amount?
No

What is the total staff complement?
11 permanent staff members

Do any receive special perks or incentives?
Waiters receive basic salary and commission. One staff member also receives a small cellphone allowance.

Are they on contract?
Yes

Do any have management potential?
There is a manager in place.

How involved is the Owner in running the business?
The owner is not involved in the day-to-day operations of the business but manages the cafe long distance as his based in the UK.

When does the current lease end?
Current lease ends 2021.

Is there an option of renewal & what period?
There's an option to renew for another 5 years

What is the annual escalation %?
8%

What are the trading hours?
Cafe 1 x 7 am - 4 pm Cafe 2 x 8 am - 5 pm

What is the square meters of the business?
150 sqm

Is a copy of the lease available?
yes

Do you require a licence?
There's a liquor license in place and can be transferred to a new owner.

What lease deposit and/or other surety is required?
3 months rental.

What are the main assets of the business?
Full asset list is available for both stores.

Are any items not included in the sale?
Everything will be included in the sale.

What is their overall condition?
Very good and clean condition.

Do any require repairing?
None

How have they been valued ?
Owners valuation has been provided.

Which assets are on lease/HP and with whom?
1 coffee machine is still on HP

Will Seller settle or Buyer to take over?
Buyer to take over.

Are copies of agreements available?
Yes

Are they presently insured?
Business is comprehensively insured.

Strengths?
Great fresh food Great service staff Self-managed Great life-style working hours

Weaknesses?
No weekend trade Limit scope to expand - unless focussing on catering

Opportunities?
Enhance boardroom revenue stream Offer weekend private birthday parties Franchise the brand into other areas

Threats?
No, small local cafes are not very creative or business savvy

What is the reason for the sale?
Owner has already relocated abroad.

Why is this a good business?
Great staff who self-manage the business, delivering good net profit numbers, with very little owner involvement, nice lifestyle business

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FRANCHISE DETAILS

Aldes Focus

6 members
40 active mandates
Gauteng
Menlyn Woods Office Park Office Block C 291 Sprite Street Faerie Glen
0081

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