Fully describe the business's activities?
A country bistro that offers local- and regular fare The business hours are very relaxed and the business operates with minimal permanent staff. From time-to-time it presents shows which is a big drawcard.
How long has the business been established?
Since the year 2000
How long has the owner had the business?
6 (six) years
How does the business operate on a daily basis?
The seller / owner is involved with the financial management and admin functions but otherwise it is pretty much a case of 2 staff (front-of-house and a chef) running the show.
How are the clients attracted to the business?
Good reputation, drive-by trade, local farming community and then mainly tourists drawn by the very visible signage.
What Advertising/Marketing is carried out?
No advertising campaign . Business rely on word-of-mouth referals.
Does the business have any contract work?
No contract work
What competition exists?
There are no similar businesses in close proximity which is (fortunately) rather unusual for a scenic route in the Western Cape.
What are the seasonal trends?
The busines maintains a good turnover all year-round.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Management accounts can be provided when requested.
What Balance Sheet and Income Statements are available?
Only the management accounts is available.
What percentage of the business is cash/credit?
This is a cash-based business.
What is the age analysis of the debtors book?
No debtors book. This is a cash only business.
How could the profitability of the business be improved?
The opportunities here abound. The hours may be extended, licensing can be obtained, a children's park, extended menu, etc, etc. A buyer with the right amount of energy can realise dreams here.
Is Seller finance available and for what amount?
No seller finance available.
What is the total staff complement?
Most of the time the business operates with 2 staff members, The 2 teams work in shifts on alternate days.
Give a breakdown of staff/ functions/ length of service?
Always one front-of-house and one chef. Staff are multi-skilled.
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
The staff members have limited management potential - only to the extent that they can run the business effectively.
How involved is the Owner in running the business?
Thirty present (30%) of his time is spent on management tasks.
When does the current lease end?
The current lease is to be renewed (wont be an issue) in the near future. The lease will be renewed for 5 years as part of the sales transaction.
Is there an option of renewal & what period?
To be negotiated with the owner of the property
What is the annual escalation %?
What are the trading hours?
07h00 to 17h00, seven days a week.
What is the square meters of the business?
About 200 square meters of building. Ample parking and outside space.
Who is the Owner/Landlord?
Details will be made available during negotiation phase.
Is a copy of the lease available?
A copy will be made available to qualified buyers.
Do you require a licence?
Business is not in possession of a liquor license. New owner might want to apply for one.
What lease deposit and/or other surety is required?
2 month's rental in advance.
What are the main assets of the business?
Standard restaurant equipment e.g. cooking, refrigeration, tables & chairs, coffee machine, counter and shelves and the like.
Are any items not included in the sale?
What is their overall condition?
Assets are generally in good running order.
Do any require repairing?
Routine maintenance applies.
How have they been valued ?
Owner valuation. In his view a fair and reasonable market related value for the assets.
Which assets are on lease/HP and with whom?
As assets is paid for.
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
All assets are insured.
Established and stable business with low overheads. Situated on a busy tourist route.
The opportunities are endless. An energetic buyer can host more frequent music shows/ weekend concerts. Hold recreational events and get involved in the tourist activities in the surrounding area. Expand the existing menu and offerings to clients.
No current threats
What is the reason for the sale?
The seller is to focus on his new business interest namely a wellness spa on his farm..
Why is this a good business?
This is an excellent business proposition at 60% plus return on investment. It has loads and loads of potential and, whilst offering a relaxed life-style, generates solid profits throughout the year.
What is the price plus stock and the profit?
Asking price is R 682 000 plus stock of R30 000. Monthly profit of R40 000
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