Fully describe the business's activities?
This business is a well known Pub and Grill with a Gambling licence. Very well known in the area and well supported by the local residence. The property is owned by the seller.
How long has the business been established?
The Pub was established in 2000
How long has the owner had the business?
The Owner ,owns this business since 2000
How are the clients attracted to the business?
This pub is well established, over 30 years of trade. The Pub has a well established client base. Great Location on a very busy road.
What Advertising/Marketing is carried out?
What competition exists?
Some, but have no influence on the business.
What are the seasonal trends?
No Trends can be perceived ,but the rugby season does bring an increase in volume.
Are there up-to-date Management Accounts available?
We have, but please note that 80% of the cash is not banked.
What percentage of the business is cash/credit?
80 % cash and 20% card transactions
How could the profitability of the business be improved?
Increasing the number of slot machines.
What is the total staff complement?
6 staff members
Give a breakdown of staff/ functions/ length of service?
Bar staff X 3 Kitchen hands x 2 Handyman x 1
Are they on contract?
How involved is the Owner in running the business?
Daily during certain times of the week.
What are the trading hours?
From 10.00 to 2.00 in the morning.
What is the square meters of the business?
Estimated at 500 sqm
Who is the Owner/Landlord?
The seller owns the property and is valued at R3.800.000.00 Must be part of the sale.
Do you require a licence?
Yes liquor and gambling licences.
What are the main assets of the business?
The Building value at R3,800 000 Equipment R1.600 000 Stock at R90 000
Are any items not included in the sale?
No, Sold lock, stock and barrel.
What is their overall condition?
Very well maintained.
Do any require repairing?
How have they been valued ?
Owners value (insurance)
Which assets are on lease/HP and with whom?
Are they presently insured?
A well established Pub and Grill with a gambling licence. Established over 30 year ago. Client base established Very well located.
Non we can perceive
Increase of slot machine will increase sales.
Non we can perceive
What is the reason for the sale?
The Owner is planning for retirement.
Why is this a good business?
This type of business generates good cash profits. The gambling machines have a high income ratios. The current owner bought the property out of profits from the business. Very well positioned for this type of business. Very well known in the area.
What is the price plus stock and the profit?
R6000 000 including stock of R90 000 and a property of R3 800 000 Profits R 2.4 mil per annum.
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