Fully describe the business's activities?
Long established profitable restaurant in prime position in upmarket centre in Bedfordview
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The business is run by one of the owners with managers in place
How are the clients attracted to the business?
The restaurant is well known in the area and is a popular destination for functions especially towards the end of the year, they also offer entertainment such as bands and DJ's as requested
What Advertising/Marketing is carried out?
Social media, facebook, Instagram and web page
What competition exists?
There are other restaurants in the area, but they have an unique offering to attract clients
What are the seasonal trends?
The business is profitable throughout the year but have a major increase in October to December with office functions etc.
Is the business VAT Registered?
What VAT documentation is on file?
The information will be available to serious parties during due diligence
Are there up-to-date Management Accounts available?
Yes to September 2019
What percentage of the business is cash/credit?
The majority is paid by cards
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
More advertising and entertainment offerings
Is Seller finance available and for what amount?
What is the total staff complement?
The owner plus 2 managers, 28 permanent staff and 16 casuals
Do any receive special perks or incentives?
10% service charge is added to bills
Are they on contract?
Yes for the permanent staff
Do any have management potential?
There are 2 managers
How involved is the Owner in running the business?
The owner is fully involved
When does the current lease end?
Is there an option of renewal & what period?
Yes, to be confirmed on period
What is the annual escalation %?
To be confirmed
What are the trading hours?
Closed Monday Open lunch and supper Tuesday to Saturday and lunch Sunday
Do you require a licence?
What are the main assets of the business?
Assets comprise everything required for a large restaurant and kitchen
Are any items not included in the sale?
What is their overall condition?
Good working order
Do any require repairing?
Are they presently insured?
The business has been successfully in operation for more than 20 years with a unique menu and loyal clients
Opportunity for a new energetic owner to take this business to new heights
Only the general economy
What is the reason for the sale?
Working owner wants to slow down
What is the price plus stock and the profit?
Selling at R6m with a profit of approximately R3m per annum including stock
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