Fully describe the business's activities?
The business operates as a Coffee Bar and take away, as well as serves Home cooked Meals. Main serving lines are Fish & Chips, Burgers, Fat Cook, Ribs, Shawarmas, Eisbein, Lamb shank, Oxtail, Cottage Pie, Meat Balls, Beef Curry, Bobotie, Sausages etcâ¦
How long has the business been established?
Current owner operates for almost 2 years. Before that the trading name as well as the general concept has been trading for many years.
How long has the owner had the business?
20 months as at August 2020
Give a breakdown between sit-down, takeaways and deliveries
The store is a takeaway business where customers walk in but rarely sit down. Only 3 tables are available. Deliveries are only 10% of Turnover. And there is a huge possibility of growth. Delivery includes Mr D and own deliveries.
How does the business operate on a daily basis?
Preparation of food , receive orders, coffee and breakfast in the morning. Patrons welcomed anytime.
How are the clients attracted to the business?
The store is located in a busy centre, within a good suburban area. The store looks fresh appealing . Prices are very competitive . Service is excellent and friendly.
What Advertising/Marketing is carried out?
Facebook, Mr Delivery, Findit.com and outside pictures
Does the business have any contract work?
Not at this stage
What competition exists?
Food stores in the centre.
How did the Covid-19 pandemic impact the business turnover / daily operations?
Slight impact: about 10% of revenue.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
the implementation of sanitisers, masks, soaps, dispensers.
Is the business VAT Registered?
Not at Present
Are there up-to-date Management Accounts available?
On request, yes
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
Increase turnover by attracting new patrons
Is Seller finance available and for what amount?
The owner would prefer a cash transaction
What is the total staff complement?
4 employees in total
Give a breakdown of staff/ functions/ length of service?
3x Cookers and 1 front manager that also helps in the kitchen
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
The owner is currently very active in the business but the business is able to operate independently.
When does the current lease end?
Is there an option of renewal & what period?
The owner foresees no problem in requesting such a renewal option
What is the annual escalation %?
What are the trading hours?
From 8.00H to 19.00H Mon â Fri From 8.00H to 14.00H Sat & Sun
What is the square meters of the business?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
A 2 months deposit is required
What are the main assets of the business?
Are any items not included in the sale?
there are certain items
What is their overall condition?
Do any require repairing?
Which assets are on lease/HP and with whom?
Healthy, fresh, low prices, trading hours, good service, friendly
Not aware of any
Implement new lines with Uber Eats. Expand deliveries to Route21 corporate business park.
What is the reason for the sale?
Owner is over 70 years: to retire
Why is this a good business?
It is a well running business with a lot of potential to make even more profit.
What is the price plus stock and the profit?
Price R720000 Stock: 10000 to 30000 AT COST Profit R25000
Annual Turnover Amount between R 500 thousand and R 6 million