Fully describe the business's activities?
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Unless for special functions, restaurant open and prepares food fresh to order.
How are the clients attracted to the business?
Reputation, positive web comments, excellent value for money, service and environment.
What Advertising/Marketing is carried out?
Social Media, print and word of mouth.
Does the business have any contract work?
What competition exists?
Very little in this market, in this area
What are the seasonal trends?
As a predominantly outdoor venue, winter is busier at lunchtime, whilst in the warmer months the evening dinner trade is busiest.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
5% cash 95% credit card
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
New ideas from fresh management/ownership
Is Seller finance available and for what amount?
What is the total staff complement?
23 Staff. 13 full-time and 10 casuals
Give a breakdown of staff/ functions/ length of service?
Full time employees in management, kitchen and bar. Casuals as waitrons.
Do any receive special perks or incentives?
Waiters receive commission Staff meals
Are they on contract?
Do any have management potential?
Yes - two mangers employed
How involved is the Owner in running the business?
Owner is involved in training and overall management
When does the current lease end?
Is there an option of renewal & what period?
Yes for 1 - 5 years negotiable
What is the annual escalation %?
What are the trading hours?
Mon 10 am to 5 pm Tue - Fri 10 am to 10 pm Sat 9 am to 10 pm Sun 8 am - 5 pm
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
New owner would need to transfer liquor licence and obtain trading licence
What lease deposit and/or other surety is required?
2 months rent
What are the main assets of the business?
All kitchen and restaurant equipment, furniture, fridges, etc. Built-in wood fired pizza oven on premises.
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
Venue and location Reputation Foo, service and atmosphere
Majority of seating is outdoors, making for limited indoor seating during winter evenings
Menus can always be added to with new ideas or new owner's speciality dishes. Currently used for weddings, kids parties, functions and this could be increased to improve turnover and profits.
What is the reason for the sale?
Why is this a good business?
Great venue with ambiance. Established for seven years with good reputation Good food at reasonable prices
What is the price plus stock and the profit?
Price is R2.42m including stock and net profit of
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Annual Turnover Amount between R 500 thousand and R 6 million