Fully describe the business's activities?
Restaurant with take-away and deliveries
How long has the business been established?
How long has the owner had the business?
Give a breakdown between sit-down, takeaways and deliveries
Sit down 80%. takeaway 10%, deliveries 10%
How does the business operate on a daily basis?
Opens at 10 am each day and prepares food for lunch time trade
How are the clients attracted to the business?
Excellent review on all food review sites. Word of mouth. Foot traffic. Uber eats. Own marketing.
What Advertising/Marketing is carried out?
Online and in-store promotions. Social media marketing.
Does the business have any contract work?
What competition exists?
No Mexican restaurants within the surrounding areas.
What are the seasonal trends?
None. Steady throughout.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Only Income Statements
What percentage of the business is cash/credit?
80% card, 20% cash
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
More hands on ownership
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
All staff help prepare food and wait tables.
Do any receive special perks or incentives?
Manager is incentivsed on turnover
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Not at all
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
Monday 10am to 4pm Tuesday to Sunday 10am to 9pm
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
Yes a food and liquor licence
What lease deposit and/or other surety is required?
One month rent
What are the main assets of the business?
All furniture and kitchen equipment. refrigeration equipment, CCTV system.
Are any items not included in the sale?
Double door fridge belongs to ABI Coffee machine Single door fridge
What is their overall condition?
Do any require repairing?
Minor maintenance only
How have they been valued ?
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
Unique food offering in trendy tourist venue
No owner involvement (by choice)
Good franchise potential. Big development in progress nearby, will attract more customers. Manager run completely - presents investment opportunity to employed or otherwise occupied buyer.
What is the reason for the sale?
Why is this a good business?
Low overheads, easy to operate, niche market in tourist area.
What is the price plus stock and the profit?
Price is R510,000 including stock on hand.
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