Sectors / Category

Annual turnover

|
  • Mandate: 33640
  • Added: 11 Feb 2020
  • AFS
  • 1612

Award Winning Italian Restuarant

Gauteng,
1612
Mandate 33640
Added 11 Feb 2020
R 9,500,000* ZAR
Stock: R 800,000
Assets: R 4,792,418
R 322,186 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand
Summary

Award Winning Italian Restuarant
SELLING PRICE AFS
R 9,500,000* ZAR
Stock: R800,000
Assets: R4,792,418
R 322,186 ZAR
Summary

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

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?
R9,500,000 plus stock Nett Profit R3,866,000

Other listings by Chris
R 3.30MZAR
Franchise
Added : 26 Jun 2020 153
Yearly profit: R1,317,418
Gauteng
R 2.20MZAR
Added : 11 Jun 2020 361
Yearly profit: R1,314,632
Western Cape
R 14.25MZAR
Added : 4 May 2020 4122
Yearly profit: R5,135,444
Gauteng
FRANCHISE DETAILS

Aldes Infinity

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

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 5.02MZAR
Franchise
Added : 11 Feb 2020 415
Yearly profit: R1,568,518
Eastern Cape
R 6.00MZAR
Added : 30 Jan 2020 708
Yearly profit: R2,803,782
Gauteng
R 7.34MZAR
Franchise
Added : 12 Nov 2019 859
Yearly profit: R3,600,000
Gauteng
R 5.79MZAR
Added : 17 Sep 2019 665
Yearly profit: R1,548,024
KwaZulu-Natal
R 6.50MZAR
Franchise
Added : 16 Aug 2019 804
Yearly profit: R2,760,746
Gauteng
R 5.50MZAR
Franchise
Added : 14 Aug 2019 780
Yearly profit: R-446,833
Western Cape
R 9.23MZAR
Added : 25 Jul 2019 1740
Yearly profit: R5,991,360
Gauteng
R 6.88MZAR
Franchise
Added : 19 Apr 2016 619
Yearly profit: R714,162
Free State

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.75MZAR
Added : 25 Jun 2020 1402
Yearly profit: R1,318,897
Gauteng
R 629KZAR
Added : 20 Jun 2020 145
Profit*: R103,436 *(6 months)
Gauteng
R 649KZAR
Added : 5 Jun 2020 276
Yearly profit: R407,676
Gauteng
R 1.95MZAR
Added : 21 May 2020 711
Yearly profit: R812,722
Gauteng
R 550KZAR
Added : 21 Apr 2020 995
Yearly profit: R250,675
Gauteng
R 1.00MZAR
Franchise
Added : 13 Apr 2020 688
Yearly profit: R469,853
Gauteng
R 620KZAR
Added : 9 Apr 2020 1191
Yearly profit: R249,288
Gauteng
R 635KZAR
Added : 3 Apr 2020 897
Yearly profit: R241,920
Gauteng