"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
One of Joburgâs 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?
R9,500,000 plus stock
Nett Profit R3,866,000
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Annual Turnover Amount between R 500 thousand and R 6 million
