Fully describe the business's activities?
A top franchise, Restaurant Coffee Shop located in an affluent area of the Free state.
How long has the business been established?
The business was established 8 years ago Business registered as a Close Corporation
How long has the owner had the business?
The owner has the business for 7 years
How does the business operate on a daily basis?
The business opens at 7am for the early morning customers and offer various food products during the day.
How are the clients attracted to the business?
The business benefits from passing trade, franchise and local advertising and is a popular meeting place for locals and businessmen
What Advertising/Marketing is carried out?
Being a strong national franchise, advertising and marketing are traditionally done by the Franchisor.
Does the business have any contract work?
What competition exists?
Other coffee shops and restaurant in the nearby vicinity
What are the seasonal trends?
Not really but December tends to have more sales
Is the business VAT Registered?
Yes, the business is registered for VAT
What VAT documentation is on file?
All documents are on file
Are there up-to-date Management Accounts available?
Yes, available on request
What Balance Sheet and Income Statements are available?
For the pas 12 months
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
More localised advertising and promotions
Is Seller finance available and for what amount?
What is the total staff complement?
A total of 40 staff memebers
Give a breakdown of staff/ functions/ length of service?
2 x Managers 17 x Waiters 21 x Back of the house and kitchen 95% of them have been working for the business for 3 years and more.
Do any receive special perks or incentives?
Are they on contract?
Yes, all permanent
Do any have management potential?
How involved is the Owner in running the business?
The owner is fully involved in the business on a daily basis
When does the current lease end?
The lease agreement ends in 2023
Is there an option of renewal & what period?
Renewal option is available
What is the annual escalation %?
6% annual escalation
What are the trading hours?
Mondays - Sundays: 07:30 - 19:00
What is the square meters of the business?
220 square meters inside 40 square meters in the mall 40 square meters outside seating.
Who is the Owner/Landlord?
Is a copy of the lease available?
Yes, available on request
Do you require a licence?
Yes a business and liquor licenses is required
What lease deposit and/or other surety is required?
R150 000.00 deposit is required
Are any items not included in the sale?
The personal safe in the office 2 x steel tables 12 x chairs
What is their overall condition?
All the equipment and utensils are in a very good condition
Do any require repairing?
How have they been valued ?
Will Seller settle or Buyer to take over?
The buyer will take over
Are they presently insured?
Yes, currently insured
Strong brand, has a good name in the town. The business has won awards
More Advertising and in-store specials
Not any visible
What is the reason for the sale?
The owner wants to have more time to himself and pursue other business interest.
Why is this a good business?
Working hours are not like other restaurants Strong and well known franchise nation wide Has great per month profit
What is the price plus stock and the profit?
R6 800 000.00 - Selling price R 80 000.00 - Stock R 680 000.00 - Commission R7 560 000.00 - Total selling price
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million