Sectors / Category

Annual turnover

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  • Mandate: 33115
  • Added: 16 Jan 2020
  • AFS
  • 1032

Ocean Basket

Gauteng, Johannesburg
1032
Mandate 33115
Added 16 Jan 2020
R 2,450,000* ZAR
Stock: R 50,000
Assets: R 1,900,000
R 94,609 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand
Summary

Northern suburbs Ocean basket in local strip mall. Manager run with trained staff. Mainly weekend and evening trade . Menu is sea food focused.

Ocean Basket
SELLING PRICE AFS
R 2,450,000* ZAR
Stock: R50,000
Assets: R1,900,000
R 94,609 ZAR
Summary

Northern suburbs Ocean basket in local strip mall. Manager run with trained staff. Mainly weekend and evening trade . Menu is sea food focused.

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Fully describe the business's activities?
Business is well established having opened in 2007. This Ocean Basket is manager run with trained staff. Serves sea food dishes.

How long has the business been established?
Since 2007

How long has the owner had the business?
Since 2006

How does the business operate on a daily basis?
Business is drawn from the surrounding suburb that has a varied mix of businesses and offices. Opens at 11am and trades until 10pm.

How are the clients attracted to the business?
Discounts and promotions , social media advertising, billboards, franchisor advertising and promoting group functions are all used

What competition exists?
There are other restuarants in the centre but none specialize in a full sea food offering

What are the seasonal trends?
Summer is prime season

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
s

What Balance Sheet and Income Statements are available?
Last financial

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

How could the profitability of the business be improved?
Having a more involved owner

What is the total staff complement?
1 manager 28 staff

How involved is the Owner in running the business?
Not involved as lives in a different city

When does the current lease end?
2021

Is there an option of renewal & what period?
Yes TBC

What is the annual escalation %?
8%

What are the trading hours?
11h00-22h00

What is the square meters of the business?
334

Do you require a licence?
Yes liquor

What lease deposit and/or other surety is required?
TBC

What are the main assets of the business?
Assets and premises in good condition

Strengths?
Well established, good brand, loyal client base, store has been revamped, good manager

Weaknesses?
Owner not invloved

Opportunities?
More focused marketing in the area

Threats?
Competition

What is the reason for the sale?
Owner lives in KZN

Why is this a good business?
Well established, loyal clients, good brand, recently revamped

What is the price plus stock and the profit?
R2,950,000 inc stock

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FRANCHISE DETAILS

Aldes Infinity

1 members
12 active mandates
Gauteng , Midrand
No 10 MT Boreas Midlands Office Park Midstream 1692
Midrand

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