Sectors / Category

Annual turnover

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  • Mandate: 33853
  • Added: 30 Jan 2020
  • AFS
  • 1019

Long Established Profitable Restaurant

Gauteng, Johannesburg
1019
Mandate 33853
Added 30 Jan 2020
R 6,000,000* ZAR
Stock: R 0
Assets: R 0
R 233,649 ZAR
Malcolm Keevy
(PRINCIPAL)
Aldes Elite
Gauteng, Sandton
Gauteng, Sandton
Summary

Long established profitable restaurant in prime position in upmarket centre in Bedfordview

Long Established Profitable Restaurant
SELLING PRICE AFS
R 6,000,000* ZAR
Stock: R0
Assets: R0
R 233,649 ZAR
Summary

Long established profitable restaurant in prime position in upmarket centre in Bedfordview

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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?
Since 1999

How long has the owner had the business?
Since inception

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?
Yes

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?
None

How could the profitability of the business be improved?
More advertising and entertainment offerings

Is Seller finance available and for what amount?
No

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?
2023

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?
Liquor 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?
All included

What is their overall condition?
Good working order

Do any require repairing?
Normal maintenance

Are they presently insured?
Yes

Strengths?
The business has been successfully in operation for more than 20 years with a unique menu and loyal clients

Weaknesses?
None known

Opportunities?
Opportunity for a new energetic owner to take this business to new heights

Threats?
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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FRANCHISE DETAILS

Aldes Elite

1 members
7 active mandates
Gauteng , Sandton
11 Rockleigh 14 Chrysler Street Woodmead 2191
Sandton
4285

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