Fully describe the business's activities?
Catering and events company servicing top corporate clients. Food manufacturer
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Catering for corporate events and private functions. They also do home made meals and kits.
How are the clients attracted to the business?
Word of mouth Social media Website
What Advertising/Marketing is carried out?
What competition exists?
Other catering companies and home meal manufacturers.
What are the seasonal trends?
Peak season is from August to December but trades well throughout the year.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Developed homemade and frozen meals. The business focused on private chef experience during this period.
Is the business VAT Registered?
What VAT documentation is on file?
All vat returns available.
Are there up-to-date Management Accounts available?
Yes, available to qualified buyers
What Balance Sheet and Income Statements are available?
History and current available.
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Increased marketing and stream line operating costs.
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
2 x operating shareholders - 13 years 1 x events coordinator - 5 years 2 x chefs - 13 years 1 x cleaner - 5 years
Do any receive special perks or incentives?
End of year bonus
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Hands on involvement.
When does the current lease end?
Is there an option of renewal & what period?
Yes - 3 years
What is the annual escalation %?
What are the trading hours?
7 - 4pm or as required.
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
To be discussed with landlord.
What are the main assets of the business?
Asset list available to qualified buyer.
What is their overall condition?
Good working condition.
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
1 x motor vehicle - Wesbank
What are their settlement amounts?
R201075 as of 01/10/2020
Will Seller settle or Buyer to take over?
to be discussed.
Are copies of agreements available?
Are they presently insured?
All assets are comprehensively insured.
Established brands. BEE level 2. Dedicated and experienced staff compliment. Loyal customer base.
Well equipped kitchen allows for increased capacity. Large room for growth in the corporate space.
What is the reason for the sale?
Owners looking to emigrate.
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