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Annual turnover

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  • Mandate: 33337
  • Added: 25 Jul 2019
  • AFS
  • 1429

Top Notch Mexican Eatary

Gauteng, Johannesburg
1429
Mandate 33337
Added 25 Jul 2019
R 1,798,000* ZAR
Stock: R 98,000
Assets: R 450,798
R 115,355 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand
Summary

Joburg’s most famous Mexican institution still delights locals with good service, margaritas by the litre, and crispy-shelled mushroom tacos. Originally inspired by taquerias and food trucks in New York and London, the eatary wide selection of “los más pequeños” tapas faithfully mirrors the communal eating styles found over the pond.

Top Notch Mexican Eatary
SELLING PRICE AFS
R 1,798,000* ZAR
Stock: R98,000
Assets: R450,798
R 115,355 ZAR
Summary

Joburg’s most famous Mexican institution still delights locals with good service, margaritas by the litre, and crispy-shelled mushroom tacos. Originally inspired by taquerias and food trucks in New York and London, the eatary wide selection of “los más pequeños” tapas faithfully mirrors the communal eating styles found over the pond.

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Fully describe the business's activities?
Joburg’s most famous Mexican institution still delights locals with good service, margaritas by the litre, and crispy-shelled mushroom tacos. Originally inspired by taquerias and food trucks in New York and London, the eatery wide selection of “los mas pequenos” tapas faithfully mirrors the communal eating styles found over the pond.

How long has the business been established?
2016

How long has the owner had the business?
2016

How does the business operate on a daily basis?
Monday 17:00-12:00 Tuesday-Saturday 12:00-12:00 Sunday 12:00-16:00

How are the clients attracted to the business?
Website Google Facebook

Is the business VAT Registered?
Business registered for VAT

Are there up-to-date Management Accounts available?
Yes, will be made available during a Due Diligence period

What percentage of the business is cash/credit?
100% cash

What is the total staff complement?
16 permanent staff 9 casual satff

Do any have management potential?
Yes, existing manager in place

How involved is the Owner in running the business?
The owner has other business they operate, has systems and processes in place in order not to be at the business all of the time,

When does the current lease end?
2021

Is there an option of renewal & what period?
Yes for a further 5 years

What is the annual escalation %?
9%

Do you require a licence?
Liquor License

What lease deposit and/or other surety is required?
R86,000 deposit

What are the main assets of the business?
Furniture and Fixtures Kitchen Equipment

What is their overall condition?
Good working condition

Are they presently insured?
All insured

Strengths?
The Venue has build a strong brand over the years, situated at a great location with daily foot traffic

Weaknesses?
The business is largely dependant on the Economy.

Opportunities?
The business is still in its growth phase and hasn't reached maturity status yet.

Threats?
Economy Competition

What is the reason for the sale?
The owner has other existing businesses which they are focusing on.

Why is this a good business?
Business still in its growth phase, great location and brand offering.

What is the price plus stock and the profit?
R1,798,000 (incl. stock of R98,000) R780,000.00 profit forecast for 2019

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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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