Sectors / Category

Annual turnover

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  • Mandate: 33348
  • Added: 22 Aug 2019
  • AFS
  • 559

Theatre / Stage performance Restaurant and Craft shop in the Free State

Free State, Other
559
Mandate 33348
Added 22 Aug 2019
R 2,188,000* ZAR
Stock: R 120,000
Assets: R 142,433
R 43,895 ZAR
Pierre De Klerk
(PRINCIPAL)
Aldes Bloemfontein
Free State, Bloemfontein
Free State, Bloemfontein
Summary

Well known restaurant, with theatre as well as craft shop in the Free State Food festivals Theatre - Functions, Wine Tasting, Art Exhibiting Make own craft and chocolate Day restaurant

SELLING PRICE AFS
R 2,188,000* ZAR
Stock: R120,000
Assets: R142,433
R 43,895 ZAR
Summary

Well known restaurant, with theatre as well as craft shop in the Free State Food festivals Theatre - Functions, Wine Tasting, Art Exhibiting Make own craft and chocolate Day restaurant

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
This is a restaurant with a theater and craft shop

How long has the business been established?
The business has been established in 2015

How long has the owner had the business?
The owner had the business since it was established

How does the business operate on a daily basis?
The business is owner operated

How are the clients attracted to the business?
Clients are attracted to the business through: Facebook and Word of mouth

What Advertising/Marketing is carried out?
Platforms and social networking

Does the business have any contract work?
No

What competition exists?
No competitions

What are the seasonal trends?
No seasonal trends

Is the business VAT Registered?
No the business is not VAT registered

Are there up-to-date Management Accounts available?
Yes, available on request

What Balance Sheet and Income Statements are available?
Yes Available on request

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

Is Seller finance available and for what amount?
No

What is the total staff complement?
4 Permanent staff and 2 night workers

Give a breakdown of staff/ functions/ length of service?
The staff is working in the restaurant / conference

Are they on contract?
Yes

Do any have management potential?
No

How involved is the Owner in running the business?
The owner is 100% involved in the business

When does the current lease end?
The lease agreement is month to month

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
8 % annual increase

What are the trading hours?
Mondays - Saturdays 08:00 - 22:00 Closed on Sundays

What is the square meters of the business?
300sqm

Who is the Owner/Landlord?
ED Netherlands / Borrie Borman

Is a copy of the lease available?
Yes available on request

Do you require a licence?
Yes a liquor license is required

What are the main assets of the business?
See asset list

What is their overall condition?
Good condition

Do any require repairing?
No repairing needed

How have they been valued ?
Yes

Which assets are on lease/HP and with whom?
No

Strengths?
Well established business Very strong social media platform

Weaknesses?
Owner needs to be 100% involvement in business

Opportunities?
Very little competition Can expand extensively

Threats?
Economic downscale

What is the reason for the sale?
The owner is scaling down

Why is this a good business?
Very little or no competition Well known in whole of Eastern Free State

What is the price plus stock and the profit?
Selling price: R2 068 000 Stock: R 120 000

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FRANCHISE DETAILS

Aldes Bloemfontein

1 members
11 active mandates
Free State , Bloemfontein
Street
Bloemfontein
9701

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