Fully describe the business's activities?
Fast food mobile unit, parking at selected locations serving selected Italian pastas. Owner run, prep work done from home. We are a Fast food outlet with a difference. We specialize in selling Italian Pasta dishes. This is the first of its kind in South Africa. We strive to serve most meals within 5 minutes to the customer. We are registered with a delivery Company and they deliver our orders, payment is either cash or card.
How long has the business been established?
1 Year, The concept has been successfully trading in Italy for the last 12 years. The idea of bringing the concept to South Africa was decided in January 2019. The business plan was concluded in March 2019 and officially started trading in May 2019. The business has been trading for three months and is already showing a good return on investment.
How long has the owner had the business?
1 Year, The owner is the founder of the business and has been involved in the development and the successful execution of the business. The owner is also physically running the business daily by himself.
How does the business operate on a daily basis?
The owner operates the business by himself. He tows the Mobile Italian Kitchen to site Mondayâs to Fridayâs, trades for the day, then he tows it back to his place of residence. Business times are flexible. Fully fitted and equipped mobile unit, prep work done from home every morning. Unit parks at selected location during the day serving selected Italian Pastas. Partakes in all major events in the area.
How are the clients attracted to the business?
The Mobile trailer is very well branded. Once the clients have tasted the food the word spreads like wild fire. The food is well presented and very delicious. The exclusivity of the food is a big draw card because there is no other Fast Food outlet that serves Pasta dishes in the whole of South Africa. Authentic Italian Pastas served in convenient locations
What Advertising/Marketing is carried out?
The unit itself is very well branded, attractive and colorful. No advertising or marketing has been done. The food does the talking. They just have a colored menu printed and people take a copy home with them. The owner has recently put the business on Facebook.
What are the seasonal trends?
School holidays and festive seasons are you most busiest times. Major events taking place during the course of the year generates the most business. This is an all round the year business. It will peak in Holiday season because people do not like to cook whilst on Holiday. Weekends are exceptionally lucrative because of all the events that take place. People have to eat all year round. Pasta is a very popular meal with children. Africans are also very aware and fond of Pasta.
Is the business VAT Registered?
Business is run as a Sole Proprietor.
Are there up-to-date Management Accounts available?
Yes available to any serious enquiries during due diligence stages. The seller will provide accurate daily sales figures as well as daily expenses for the first three months of trading. These figures will provide the profits and trends of the business.
What Balance Sheet and Income Statements are available?
Yes available to any serious enquiries during due diligence stages.
What percentage of the business is cash/credit?
About 20% Cards and 80% cash
How could the profitability of the business be improved?
Better marketing and delivery service
What is the total staff complement?
1 Owner,Besides the owner and his wife there is nobody else needed? The owner is the Chef of the business and his wife is the Sous-Chef.
Give a breakdown of staff/ functions/ length of service?
1 Owner, 1 other staff member can be trained to run the business.
How involved is the Owner in running the business?
When does the current lease end?
Selected location need to be approved by the local authorities.
What are the trading hours?
Trade as required, generally Mondays to Fridays - Hours are very flexible. Currently the business gets onto site at 11h00 and leaves site at 18h00 or when the allocated meals have been depleted. Weekends are mostly at events which are from 09h00 to 17h00
Do you require a licence?
A vendor License is required from the local authorities
What are the main assets of the business?
The main asset of the business is a fully rigged Mobile Italian Kitchen, all the pots and pans within it. A schedule of items is available on request. All the buyer would need is a suitable vehicle to tow it with. This will be a turnkey business with the seller supplying everything that is needed including uniforms, branding of the trailer, business cards and flyers. It will also include an initial stock of most groceries.
Are any items not included in the sale?
All included as per assets register - available to serious enquiries.
What is their overall condition?
Excellent, will be supplied brand new.
Do any require repairing?
Require to be well kept and maintained.
How have they been valued ?
Set up values, current market related values.
Are they presently insured?
Full comprehensive insurance in place.
Fully quality equipped mobile food trailer, branded and ready for business available. Training will be included to serve selected Italian pasta dishes. Secret recipes and secret sauces will be supplied to operator ready to offer the community an authentic taste of Italy. Easy to operate, prime selected location accessible - a winner at all major events in the area. Something unique with a touch of class.
Owner run, need vendor license and to be approved by the local authorities.
Better marketing and delivery service to be offered.
Poor weather condition may effect business negatively.
What is the reason for the sale?
Owner is seeking more operators to create a reputable brand out there.
What is the price plus stock and the profit?
The price is R230 000. You get a turnkey business complete with a fully equipped Mobile Kitchen. Two weeks supply of all the groceries that are required. All you need to do is have a suitable vehicle to tow it with. The trailer weighs 600kg. The business works on an average of 65% Gross Profit. What are you waiting for?
Annual Turnover Amount between R 500 thousand and R 6 million