Fully describe the business's activities?
The business is a restaurant and take away, located on the campus of North West University in Potchefstroom, which supplies food and drinks to Students and other visitors on Campus. The menu currently consists of both sit down as well as take away items.
How long has the owner had the business?
The owner had this business since 2017
How does the business operate on a daily basis?
The business is situated on the North West University Campus in Potchefstroom, food, drinks, both in sit down and take away format is provided to students on campus
How are the clients attracted to the business?
The business is at the centre of the university, thus students pass by the premises consistently and purchases from the store
What Advertising/Marketing is carried out?
What are the seasonal trends?
During breaks with students not on campus there is a decline in sales
How did the Covid-19 pandemic impact the business turnover / daily operations?
Similar to other restaurants the business is subjected to lockdown regulations
Is the business VAT Registered?
What VAT documentation is on file?
Owner can supply all documentation
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Annual Financial Statements
What percentage of the business is cash/credit?
Most of the business is cash, which is predominantly driven by Debit Cards
What is the age analysis of the debtors book?
There are no real debtors on the books
How could the profitability of the business be improved?
There is significant opportunity to develop online takeaway services for the students in vicinity as well as the greater Potchefstroom
Is Seller finance available and for what amount?
Seller finance can be discussed for about 20% of the sales value, this would be dependent on credit and guarantee profiles of potential buyer
What is the total staff complement?
There are a total of 8 staff, which includes a Manager that can operate the entire business, mostly the rest of staff are related to Kitchen area of the business. Waiters are traditionally the students on campus that are paid a commission only structure.
Do any receive special perks or incentives?
The Manger of the business receives a weekly allowance for extra hours as well as fuel allowance per week
Are they on contract?
All staff are on a 12 month contract that gets reviewed and renewed each year where applicable
How involved is the Owner in running the business?
The owner is a hands on individual that is actively involved in the business, yet the current manager can operate the entire business without owners presence
Any special arrangements for the staff related to the Covid-19 pandemic?
There are no special arrangements and staff utilised TERS and UIF during Covid Period
When does the current lease end?
December 2022 with possibility to renew
Is there an option of renewal & what period?
Yes, this will be dependent on negotiations
What is the annual escalation %?
What are the trading hours?
Monday to Friday 08:00 to 17:00
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
Liquor Licence currently active under University Liquor Licence
Any Special Lease Arrangements
The lease includes infrastructure such as Generator backup from University as well as the cooling rooms that is supplied and maintained by the University
What are the main assets of the business?
The main assets of the business is the equipment used in the Restaurant
The business is well located on Campus at the heart of campus daily activity and student traffic
COVID lockdown placed pressure on the business as the focus of the business is currently focused on campus sales only
Expanding the product offerings to include deliveries to residences on and around the campus as well as the greater Potchefstroom
Continued COVID Lockdowns and delayed student return to Campus, especially if product channel to market is not expanded
What is the reason for the sale?
Owner does not have te working capital to diversify the business beyond the current focus on the premises being on campus, nor wishes to drive the business forward through diversifying into greater take aways, online and service hour expansions, which will be required to adjust to the current COVID environment
Why is this a good business?
This is a good business that has an excellent position on the campus, and as lockdowns and restrictions are lifted the business will rebound to its former cash flow positive structures, with revived energy that will focus on expanding the channels to market, as well as the greater Potchefstroom captive market, this business can become a great business.
What is the price plus stock and the profit?
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million