Sectors / Category

Annual turnover

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  • Mandate: 33767
  • Added: 14 Jan 2020
  • AFS
  • 168

Popular Johannesburg Tourist Venue Mexican Restaurant

Gauteng, Johannesburg
168
Mandate 33767
Added 14 Jan 2020
R 510,000* ZAR
Stock: R 0
Assets: R 146,200
R 31,564 ZAR
Stan Moran
(PRINCIPAL)
Aldes Ace
Gauteng
Summary

Niche market with no competition in the area for this popular Mexican Restaurant in central Johannesburg tourist venue. Manager run with opportunities for new chef to gain experience in this trendy food arena.

Popular Johannesburg Tourist Venue Mexican Restaurant
SELLING PRICE AFS
R 510,000* ZAR
Stock: R0
Assets: R146,200
R 31,564 ZAR
Summary

Niche market with no competition in the area for this popular Mexican Restaurant in central Johannesburg tourist venue. Manager run with opportunities for new chef to gain experience in this trendy food arena.

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Fully describe the business's activities?
Restaurant with take-away and deliveries

How long has the business been established?
7 years

How long has the owner had the business?
1.5 years

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?
No

What competition exists?
No Mexican restaurants within the surrounding areas.

What are the seasonal trends?
None. Steady throughout.

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

Are there up-to-date Management Accounts available?
Yes

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?
N/A

How could the profitability of the business be improved?
More hands on ownership

Is Seller finance available and for what amount?
No

What is the total staff complement?
Six

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?
No

Do any have management potential?
Yes

How involved is the Owner in running the business?
Not at all

When does the current lease end?
September 2021

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
10%

What are the trading hours?
Monday 10am to 4pm Tuesday to Sunday 10am to 9pm

What is the square meters of the business?
76 sqm

Is a copy of the lease available?
Yes

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?
Very good

Do any require repairing?
Minor maintenance only

How have they been valued ?
Cost

Which assets are on lease/HP and with whom?
N/a

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
Yes

Strengths?
Unique food offering in trendy tourist venue

Weaknesses?
No owner involvement (by choice)

Opportunities?
Good franchise potential. Big development in progress nearby, will attract more customers. Manager run completely - presents investment opportunity to employed or otherwise occupied buyer.

Threats?
None perceived

What is the reason for the sale?
Overseas relocation

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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FRANCHISE DETAILS

Aldes Ace

1 members
6 active mandates
Gauteng
6 Nightingale Road, Atlasville
1459

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