Fully describe the business's activities?
Newly revamped (3 months ago) franchised restaurant with a Mediterranean focused menu. Seats approximately 60 patrons inside. 60% of revenue is generated from sit down and the remainder made up by take away/deliveries
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Either the owner or the manager will open the store.
How are the clients attracted to the business?
The business run's specials as directed from Head Office.
What Advertising/Marketing is carried out?
Pamphlet/menu drops are done around the area and at schools. Specials are send via SMS's
What competition exists?
No competition were identified
What are the seasonal trends?
No definite seasonal trends. Friday's tend to be very busy.
Is the business VAT Registered?
Yes, the business is registered for VAT
What VAT documentation is on file?
All VAT documentation is available on request from the accountant.
Are there up-to-date Management Accounts available?
Monthly figures taken directly from the POS from March to September 2018
What Balance Sheet and Income Statements are available?
Financials ending February 2018 is available on file.
What percentage of the business is cash/credit?
80% of trade is done via Credit Cards.
How could the profitability of the business be improved?
Owner feels that someone with a stronger background of the restaurant industry will have even better success.
Is Seller finance available and for what amount?
Give a breakdown of staff/ functions/ length of service?
1 x Manager (3 years) 3 x Drivers (3 years, 8 months, 3 months) 1 x Cashier 4 x Pizza (3 years) 3 x Kitchen (3 years, 1 year, 8 months) 1 x Sculler 1 x Barman 5 x Waiters
Do any receive special perks or incentives?
Waiters are on 2% commission and tips. Staff are on an incentive bonus.
Are they on contract?
Yes, all staff, including waiters, are on contract
Do any have management potential?
Owner is very happy with manager and have left the full running of the shop in his hands whilst on vacation.
How involved is the Owner in running the business?
Owner is very involved during the week, but mostly leave the shop in the hands of the manager over weekends
When does the current lease end?
Is there an option of renewal & what period?
Yes, a further 5 years.
What are the trading hours?
6 days a week the business trades from 10am to 9pm, on Fridays the business trades till 10pm
Is a copy of the lease available?
Yes, a copy is available from the owner
Do you require a licence?
A liquor license is in place.
What are the main assets of the business?
Pizza oven, kitchen equipment, furniture and fittings
Are any items not included in the sale?
All items as per the asset list will be included.
What is their overall condition?
Everything is in a good and working condition.
Are they presently insured?
Comprehensive insurance is in place.
A strong and growing franchise brand. Good cash flow. Excellent manager
Long trading hours
Hands on owner with knowledge of the industry will definitely be a benefit
What is the reason for the sale?
Owner wishes to pursue other opportunities
Why is this a good business?
Tried and tested methods and recipes. Good support from Head Office. Strong management.
What is the price plus stock and the net profit?
The business is selling for R2 000 000 which includes stock of about R70 000. Joining fee of about R100 000 is excluded from the selling price.
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