Sectors / Category

Annual turnover

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  • Mandate: 33666
  • Added: 13 Nov 2019
  • AFS
  • 577

Cafe and take-away in CBD - URGENT SALE

Mpumalanga, Highveld
577
Mandate 33666
Added 13 Nov 2019
R 1,200,000* ZAR
Stock: R 0
Assets: R 250,000
R 37,768 ZAR
Angela Smith
(PRINCIPAL)
Aldes Middelburg
Mpumalanga, Middelburg
Mpumalanga, Middelburg
Summary

CASH business in high traffic area. Profitable and easy to operate.

Cafe and take-away in CBD - URGENT SALE
SELLING PRICE AFS
R 1,200,000* ZAR
Stock: R0
Assets: R250,000
R 37,768 ZAR
Summary

CASH business in high traffic area. Profitable and easy to operate.

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Fully describe the business's activities?
Cafe and take-away situated in the busiest part of the CBD close to all major banks, the post office, hospital, taxi rank as well as various large and smaller businesses.

How long has the owner had the business?
The owner took over the business in March 2019.

Give a breakdown between sit-down, takeaways and deliveries
There is a small seating area, however, this business caters mainly for take aways.

How does the business operate on a daily basis?
The owner spends a fair amount of time at the shop every day, however, the business is essentially manager run. Catering for commuters working in and around the area, the business provides mainly pre-prepared take-away meals for a quick grab-and-go at very affordable prices, as well as convenience items such as prepaid airtime and cigarettes.

How are the clients attracted to the business?
The business is strategically located in the busiest part of town with a high concentration of foot traffic. It is well known and well supported by regular customers in the area.

What Advertising/Marketing is carried out?
None. The business relies solely on passing trade and word of mouth.

What competition exists?
There are several similar businesses in the vicinity.

What are the seasonal trends?
The shop is consistently busy, however, it peaks substantially on pension pay-out days.

Is the business VAT Registered?
This business is not a VAT vendor

Are there up-to-date Management Accounts available?
There are no formal accounting systems in place, however, the seller does keep a daily ledger where the figures are recorded. This is a 100% cash business and a comprehensive due diligence will need to be concluded by any prospective buyers.

What percentage of the business is cash/credit?
This business generates revenue entirely in cash and no credit or card facilities are currently offered.

How could the profitability of the business be improved?
Offering card facilities could improve the profitability substantially.

What is the total staff complement?
The business employs 4 staff members excluding the manager.

How involved is the Owner in running the business?
The owner controls the day-to-day operations of the business with the assistance of the manager.

When does the current lease end?
The current lease expires in February 2024.

What are the trading hours?
The business operates from 6am to 7pm daily except Sundays, they open at 8am and close at 6pm.

What are the main assets of the business?
Mainly kitchen and display equipment.

What is their overall condition?
All the assets are in good working order.

How have they been valued ?
The owner has assisted us with second hand value.

Strengths?
Easy to operate, profitable cash business in an excellent location.

Weaknesses?
No proper record keeping systems in place.

Opportunities?
There is an opportunity to expand the product lines.

What is the reason for the sale?
The owner is leaving the country.

What is the price plus stock and the profit?
The asking price is R1 200 000 including stock.

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AGENCY DETAILS

Aldes Middelburg

1 members
14 mandates
Mpumalanga , Middelburg
20 Koos De La Rey Street Dennesig
Middelburg
1095

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