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Annual turnover

  • Mandate: 32887
  • Added: 25 Jun 2020
  • AFS
  • 1610

A well established and very profitable catering business with Blue chip clients.

Gauteng, Johannesburg
Mandate 32887
Added 25 Jun 2020
R 1,750,000* ZAR
Stock: R 110,000
Assets: R 853,151
R 109,908 ZAR
Peter Kind
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand

This is a well run catering business with a number of corporate clients they service on a weekly basis. It boasts an attractive asset list, including delivery vehicles.

A well established and very profitable catering business with Blue chip clients.
R 1,750,000* ZAR
Stock: R110,000
Assets: R853,151
R 109,908 ZAR

This is a well run catering business with a number of corporate clients they service on a weekly basis. It boasts an attractive asset list, including delivery vehicles.

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Fully describe the business's activities?
A family run catering business situated in Randburg supplying blue chip companies, the likes of Liberty Life, Nedbank, National Health Laboratory and more. The owners are aging and want to retire. The owners are willing to offer an extended hand over period to the buyer.

How long has the business been established?
25 years

How long has the owner had the business?
Since inception.

How does the business operate on a daily basis?
The owners open in the mornings to start preparation for the day. They receive daily orders from their clients, these are then prepared and delivered. They do corporate functions, private functions, weddings and more. They are known for their Peruvian styled cuisine and extremely tasteful food.

How are the clients attracted to the business?
They have a well established client base. New clients are attracted through word of mouth and referrals. They have a website and a Facebook page.

What Advertising/Marketing is carried out?
An existing website and social media advertising.

What competition exists?
There are 2 to3 direct competitors but their established client base is testament to the quality catering service they provide.

What are the seasonal trends?
There busy periods are from April to December.

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?
Up to date financials are available.

What percentage of the business is cash/credit?
Most payments are by EFT.

How could the profitability of the business be improved?
An active marketing campaign. Targeting more corporate clients will increase already good profits.

Is Seller finance available and for what amount?

What is the total staff complement?

Give a breakdown of staff/ functions/ length of service?
Staff contracts are available for viewing.

Are they on contract?

Do any have management potential?
Yes, there is currently a head chef who is able to fulfil a management position. The daughter will however stay on in the business.

How involved is the Owner in running the business?
Daily involvement.

When does the current lease end?
December 2019

Is there an option of renewal & what period?
Yes, 3 - 5 years.

What is the annual escalation %?

What are the trading hours?
45 hours a week

What is the square meters of the business?

Who is the Owner/Landlord?

Is a copy of the lease available?

Do you require a licence?
All necessary licenses are available.

What lease deposit and/or other surety is required?
2 months

What are the main assets of the business?
Catering equipment, delivery vehicles and cold storage.

What is their overall condition?
good working order.

How have they been valued ?
Current market value less depreciation.

Which assets are on lease/HP and with whom?

Are copies of agreements available?

Are they presently insured?

They have an established client base. With 25 years experience, the staff are well drilled and geared to provide exceptional service and quality. Blue chip clients.

No perceived weakness.

They have been approached to run several corporate canteens which they have turned down, this could be another income source for the new owner. Actively approach new clients and not just rely on word of mouth.

Petrol price and inflation has a direct impact on food prices.

What is the reason for the sale?
Owners are retiring.

Why is this a good business?
They have big corporate clients who order from them on a weekly basis. They have well equipped premises which enables them to run a profitable business. They are geared to see exponential growth. The selling price includes over a million rand in assets and stock making this a very attractive business to buy or invest in. The owners daughter is staying on in the business and will continue to manage the day to day activities.

What is the price plus stock and the profit?
R1 750 000 netting R130 000 on average a month.

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