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  • Mandate: 32913
  • Added: 16 Aug 2019
  • AFS
  • 1304

Steakhouse Franchise in well known mall in Randburg

Gauteng, Other
Mandate 32913
Added 16 Aug 2019
R 6,700,000* ZAR
Stock: R 200,000
Assets: R 2,000,000
R 282,021 ZAR
Louis Aucamp
Aldes Pro

Franchised steakhouse with a prime location in a busy mall in Randburg

Steakhouse Franchise in well known mall in Randburg
R 6,700,000* ZAR
Stock: R200,000
Assets: R2,000,000
R 282,021 ZAR

Franchised steakhouse with a prime location in a busy mall in Randburg

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Fully describe the business's activities?
They are known for their love of great steak, excellent taste in wines and a warm and welcoming atmosphere where customers become friends. This franchised restaurant is situated in a well known and busy shopping mall in Randburg. They are more focused on attracting sit-in customers.

How long has the business been established?
The restaurant opened door on 1 October 2017

How long has the owner had the business?
Since opening

How does the business operate on a daily basis?
The business is mainly manager-run with the owner involved in the overall management of the business. They managers is responsible for all operational duties such as stock take, ordering etc. The business main trade is lunches and evenings

How are the clients attracted to the business?
Word of mouth due to good service and food. It is a well known brand

What Advertising/Marketing is carried out?
Franchise owners does marketing but they also advertise locally

Does the business have any contract work?

What competition exists?
There are many restaurants and fast food outlets in the mall

What are the seasonal trends?
February to September is slow November December are peak months

Is the business VAT Registered?

What VAT documentation is on file?
All VAT documentation will be available for the serious buyer

Are there up-to-date Management Accounts available?
WIll be available for a serious buyer

What percentage of the business is cash/credit?
90% credit card, 10% cash

What is the age analysis of the debtors book?
no accounts

How could the profitability of the business be improved?
Additional marketing and deliveries.

Is Seller finance available and for what amount?

What is the total staff complement?
40 staff members

Give a breakdown of staff/ functions/ length of service?
A full breakdown will be available to a serious buyer

Are they on contract?
Yes all have employment contracts

Do any have management potential?
There are 3 managers in place

How involved is the Owner in running the business?
The owner is involved in on a daily basis in the business.

What are the trading hours?
11h00 untill 22h30

What is the square meters of the business?
458 m2

Is a copy of the lease available?

Do you require a licence?
Liquor license and franchise agreement

What are the main assets of the business?
Kitchen equipment and furniture

Are any items not included in the sale?

What is their overall condition?

Do any require repairing?

How have they been valued ?
Owner valuation

Are they presently insured?
Yes they are fully insured

Very strong brand They have a brilliant location in the mall Service and food is excellent with good reviews and return customers

Price point

Additional marketing and functions

Current economic environment in the country

What is the reason for the sale?
Due to personal reasons the owner needs to relocate.

Why is this a good business?
This restaurant is the most profitable within the particular brand. They constantly receive good reviews and return customers Restaurant is situated in a prime spot in the mall

What is the price plus stock and the profit?
Purchase price is R 6 500 000 Excluding stock Monthly income average R230 000 per month.

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