Fully describe the business's activities?
Coffee shop frequented by students from nearby university and surrounding offices.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Ideal location with good foot traffic. The store has an extensive menu, more than a coffee shop.
How are the clients attracted to the business?
Good location in high foot traffic area. Across the road from Tuks university.
What Advertising/Marketing is carried out?
Website and word of mouth.
What competition exists?
Other coffee shops and restaurants in the area.
What are the seasonal trends?
Trades well throughout the year, turnover dips during varsity holidays.
How did the Covid-19 pandemic impact the business turnover / daily operations?
It has had a large impact as the coffee shop is frequented by students from the university.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Implemented covid protocols
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Yes, available to qualified buyers.
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
50 cash/ 50 card
How could the profitability of the business be improved?
With owner involvement this business could be massive. The current owner does not have the capacity to run the coffee shop and his other business'
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
2 x kitchen and 1 x bar.
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Not involved - 0%
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
7am - 5pm
What is the square meters of the business?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
2 months rental
What are the main assets of the business?
Shopfitting and assets valued over R1 million. Full asset list available.
Are any items not included in the sale?
Gaap POS on rental to be transferred to buyer.
What is their overall condition?
Good working order.
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
POS - Gaap rental
Will Seller settle or Buyer to take over?
POS to be transferred.
Are they presently insured?
Location and new menu.
With owner involvement this business will flourish. There are a number of offices and corporates in the surrounding area, when they return it will boost sales.
The only other coffee shop in the mall is Wimpy.
What is the reason for the sale?
Owner has other business interests and does not have the time to run the coffee shop.
Why is this a good business?
With some owner involvement this business will flourish. Setup costs were in excess of a million rand, now selling for a third of the price with assets and stock - bargain!!
What is the price plus stock and the profit?
R395 000-00 includes stock and assets.
Annual Turnover Amount between R 500 thousand and R 6 million