Sectors / Category

Annual turnover

|
  • Mandate: 34212
  • Added: 20 Oct 2020
  • AFS
  • 504

Established catering company

Gauteng, Johannesburg
504
Mandate 34212
Added 20 Oct 2020
R 1,450,000* ZAR
Stock: R 20,000
Assets: R 815,905
R 75,216 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand
Summary

Established catering company with strong market position.

SELLING PRICE AFS
R 1,450,000* ZAR
Stock: R20,000
Assets: R815,905
R 75,216 ZAR
Summary

Established catering company with strong market position.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Catering and events company servicing top corporate clients. Food manufacturer

How long has the business been established?
13

How long has the owner had the business?
Since inception.

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?
Social media

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?
Yes

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?
50/50

What is the age analysis of the debtors book?
30 days.

How could the profitability of the business be improved?
Increased marketing and stream line operating costs.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
6

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?
Yes.

Do any have management potential?
Yes.

How involved is the Owner in running the business?
Hands on involvement.

When does the current lease end?
April 2021

Is there an option of renewal & what period?
Yes - 3 years

What is the annual escalation %?
8%

What are the trading hours?
7 - 4pm or as required.

What is the square meters of the business?
265sqm

Is a copy of the lease available?
Yes.

Do you require a licence?
Trading 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?
No.

How have they been valued ?
Owner valuation.

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?
Yes.

Are they presently insured?
All assets are comprehensively insured.

Strengths?
Established brands. BEE level 2. Dedicated and experienced staff compliment. Loyal customer base.

Weaknesses?
None perceived.

Opportunities?
Well equipped kitchen allows for increased capacity. Large room for growth in the corporate space.

Threats?
Economy

What is the reason for the sale?
Owners looking to emigrate.

Other listings by Peter
R 1.10MZAR
Franchise
Added : 18 Nov 2020 239
Yearly profit: R902,098
Gauteng
R 635KZAR
Added : 9 Nov 2020 428
Profit*: R222,657 *(6 months)
Gauteng
R 1.15MZAR
Added : 23 Oct 2020 810
Yearly profit: R897,250
Gauteng
FRANCHISE DETAILS

Aldes Platinum

2 members
17 active mandates
Gauteng , Midrand
8 Baltoro Crescent Midstream Hill
Midrand
0157

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 825KZAR
Added : 20 Oct 2020 578
Yearly profit: R530,512
Gauteng
R 1.75MZAR
Added : 25 Jun 2020 2497
Yearly profit: R1,318,897
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.10MZAR
Franchise
Added : 18 Nov 2020 239
Yearly profit: R902,098
Gauteng
R 445KZAR
Added : 18 Nov 2020 178
Yearly profit: R103,730
Gauteng
R 800KZAR
Added : 9 Nov 2020 216
Yearly profit: R383,826
Gauteng
R 635KZAR
Added : 9 Nov 2020 428
Profit*: R222,657 *(6 months)
Gauteng
R 360KZAR
Added : 6 Nov 2020 260
Yearly profit: R321,583
Gauteng
R 1.40MZAR
Franchise
Added : 2 Nov 2020 439
Profit*: R181,804 *(2 months)
Gauteng
R 2.23MZAR
Added : 2 Nov 2020 317
Yearly profit: R871,972
Gauteng
R 630KZAR
Added : 25 Oct 2020 534
Profit*: R105,002 *(4 months)
Gauteng