Sectors / Category

Annual turnover

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  • Mandate: 33640
  • Added: 11 Feb 2020
  • AFS
  • 2404

Award Winning Italian Restuarant

Gauteng,
2404
Mandate 33640
Added 11 Feb 2020
R 9,000,000* ZAR
Stock: R 800,000
Assets: R 4,792,418
R 322,186 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand
Summary

SELLING PRICE AFS
R 9,000,000* ZAR
Stock: R800,000
Assets: R4,792,418
R 322,186 ZAR
Summary

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Fully describe the business's activities?
One of Joburg’s finest restaurants, with an amazing track record and many award-winning accolades.

How long has the business been established?
5 years

How long has the owner had the business?
5 years

Give a breakdown between sit-down, takeaways and deliveries
225 seated 70 Bar seated 95% sit-down sales

How does the business operate on a daily basis?
Lunch & Dinner from Tuesday to Saturday. Lunch only on Sunday. Closed on Monday Trading Hours: 12:00pm till close Kitchen Hours: 12:00pm to 3pm & 6pm to 9:30pm

How are the clients attracted to the business?
Google add campaigns Word of Mouth The restaurant features in magazines from time to time

Is the business VAT Registered?
Will be disclosed during the Due Diligence

Are there up-to-date Management Accounts available?
Will be disclosed during the Due Diligence

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

What are the average stock values on a monthly basis?
The stock values fluctuate between R800,000 - R1,200,000 per month

What is the total staff complement?
48 staff

Give a breakdown of staff/ functions/ length of service?
Will be disclosed during the Due Diligence

Do any have management potential?
Managers in place

How involved is the Owner in running the business?
The owners oversees the stock orders and do the payments

When does the current lease end?
Will be disclosed during the Due Diligence

Who is the Owner/Landlord?
Will be disclosed during the Due Diligence

Is a copy of the lease available?
Will be disclosed during the Due Diligence

Do you require a licence?
Liquor license

What lease deposit and/or other surety is required?
Will be disclosed during the Due Diligence

What are the main assets of the business?
Kitchen Equipment and furniture

Which assets are on lease/HP and with whom?
Will be disclosed during the Due Diligence

Are copies of agreements available?
Will be disclosed during the Due Diligence

Are they presently insured?
Yes, all is insured

Strengths?
Very strong brand with an excellent reputation

Weaknesses?
Large staff compliment

Opportunities?
Growing the business from the strong foundation laid down by the founders and increasing marketing spend

Threats?
Food costs need to be monitored closely Economy

What is the reason for the sale?
The owners wish to pursue their own interests and relocating to different areas

Why is this a good business?
Strong brand with great profits in the current climate

What is the price plus stock and the profit?
R9,000,000 plus stock Nett Profit R3,866,000

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AGENCY DETAILS

Aldes Infinity

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

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