Fully describe the business's activities?
The business operates 3 sushi outlets supplying Sushi, Chinese meals and platters in well located shops in small shopping centres
How long has the business been established?
Various opening dates, 2006, 2009, 2017
How long has the owner had the business?
Give a breakdown between sit-down, takeaways and deliveries
Mostly takeaway and deliveries with some sit down clientele, 20% cash plus Uber eats and Mr D.
How does the business operate on a daily basis?
The owner orders stock and cash up, spends a few hours a day between the shops, the staff open and close
How are the clients attracted to the business?
Well known in their areas for people looking for healthy food, they also run a "buy 2 get 1 free" specials which are popular with clients
What Advertising/Marketing is carried out?
Some social media
Does the business have any contract work?
No but regular repeat business
What competition exists?
None in the areas they serve
What are the seasonal trends?
Business is quite stable with a boost in November
Is the business VAT Registered?
What VAT documentation is on file?
Will be made available to qualified buyers during a due diligence
Are there up-to-date Management Accounts available?
Yes to Feb 2020
What percentage of the business is cash/credit?
20 % cash
How could the profitability of the business be improved?
More advertising and specials
Is Seller finance available and for what amount?
What is the total staff complement?
11 staff in total excluding the owner
Do any have management potential?
The staff manage the shops with owner overview
How involved is the Owner in running the business?
Spends a few hours per day on the businesses, when he is away the outlets function normally
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What is the square meters of the business?
Space varies from 15 to 30 square metres
What lease deposit and/or other surety is required?
What are the main assets of the business?
Kitchen and display equipment
Are any items not included in the sale?
What is their overall condition?
Good working order
Do any require repairing?
No, normal maintenance
Which assets are on lease/HP and with whom?
Are they presently insured?
Well known in the areas they serve, supplying good quality food
Ideally poised for growth with 3 successful outlets, option to open additional outlets or open it up for franchising, run promotions such as they run "buy 2 get 1 free" which are well received
What is the reason for the sale?
Owner has other business interests
Why is this a good business?
Well established business in upmarket areas
What is the price plus stock and the profit?
Selling at R2.5m plus stock
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Annual Turnover Amount between R 500 thousand and R 6 million