Fully describe the business's activities?
This is a restaurant with a theater and craft shop
How long has the business been established?
The business has been established in 2015
How long has the owner had the business?
The owner had the business since it was established
How does the business operate on a daily basis?
The business is owner operated
How are the clients attracted to the business?
Clients are attracted to the business through: Facebook and Word of mouth
What Advertising/Marketing is carried out?
Platforms and social networking
Does the business have any contract work?
What competition exists?
What are the seasonal trends?
No seasonal trends
Is the business VAT Registered?
No the business is not VAT registered
Are there up-to-date Management Accounts available?
Yes, available on request
What Balance Sheet and Income Statements are available?
Yes Available on request
What percentage of the business is cash/credit?
Is Seller finance available and for what amount?
What is the total staff complement?
4 Permanent staff and 2 night workers
Give a breakdown of staff/ functions/ length of service?
The staff is working in the restaurant / conference
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
The owner is 100% involved in the business
When does the current lease end?
The lease agreement is month to month
Is there an option of renewal & what period?
What is the annual escalation %?
8 % annual increase
What are the trading hours?
Mondays - Saturdays 08:00 - 22:00 Closed on Sundays
What is the square meters of the business?
Who is the Owner/Landlord?
ED Netherlands / Borrie Borman
Is a copy of the lease available?
Yes available on request
Do you require a licence?
Yes a liquor license is required
What are the main assets of the business?
See asset list
What is their overall condition?
Do any require repairing?
No repairing needed
How have they been valued ?
Which assets are on lease/HP and with whom?
Well established business Very strong social media platform
Owner needs to be 100% involvement in business
Very little competition Can expand extensively
What is the reason for the sale?
The owner is scaling down
Why is this a good business?
Very little or no competition Well known in whole of Eastern Free State
What is the price plus stock and the profit?
Selling price: R2 068 000 Stock: R 120 000
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