Sectors / Category

Annual turnover

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  • Mandate: 34282
  • Added: 17 Jan 2022
  • AFS
  • 121

Neat, Clean, Popular brand of Pizza/ Pasta Restaurant

Gauteng, Johannesburg
121
Mandate 34282
Added 17 Jan 2022
R 1,925,000* ZAR
Stock: R 75,000
Assets: R 0
R 76,703 ZAR
Andre Botha
(PRINCIPAL)
Aldes Pro
Gauteng
Summary

One of the best deals going around at the moment should you be in the market for a Restaurant/ Take away. The outlet is situated in a strip mall with Checkers as an anchor tenant. Rental in the centre is extremely competitive. The outlet offers, a beautiful sit down setting and Bar area and is often used for small business meetings. The business was established in 2005 and showing good growth on an annual basis with a steady and loyal client base that it has built up over years. A must see. Profit published is for 10 months. Full year should be around R900k plus.

Neat, Clean, Popular brand of Pizza/ Pasta Restaurant
SELLING PRICE AFS
R 1,925,000* ZAR
Stock: R75,000
Assets: R0
R 76,703 ZAR
Summary

One of the best deals going around at the moment should you be in the market for a Restaurant/ Take away. The outlet is situated in a strip mall with Checkers as an anchor tenant. Rental in the centre is extremely competitive. The outlet offers, a beautiful sit down setting and Bar area and is often used for small business meetings. The business was established in 2005 and showing good growth on an annual basis with a steady and loyal client base that it has built up over years. A must see. Profit published is for 10 months. Full year should be around R900k plus.

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Fully describe the business's activities?
The outlet offers both sit down, take away and delivery. It offers a full menu, from Breakfast to lunch and dinner. It also has a full bar service. It is well situated in a good suburb and well supported by the locals. Like most Pizza outlets, sales are dominated by deliveries. It however has a steady flow of sit down clients on a daily basis, both by business people and social visits. Delivery vehicles are all outsourced and replaced immediately by the rental company should anything go wrong.

How long has the business been established?
2013

How long has the owner had the business?
2017

Give a breakdown between sit-down, takeaways and deliveries
44.80% delivery, 23.33% take away and 31.87% Sit down.

How does the business operate on a daily basis?
Most of the business supplies/ stock required are delivered by suppliers direct to the outlet. Most of purchases are done through Franchisor approved suppliers. The store also has a Bar section for the sale of liquor. Scooters used for delivery are all outsourced.

How are the clients attracted to the business?
Through several methods of advertising.

What Advertising/Marketing is carried out?
Several methods are used to attract clients to the business and a fair amount of money is spent on this per month.

What competition exists?
The outlet services a significant area.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All are up to date

Are there up-to-date Management Accounts available?
Yes , also up to date and can be verified on the POS.

What percentage of the business is cash/credit?
Mostly cash/ credit card

What is the total staff complement?
Fourteen

Do any have management potential?
Yes

How involved is the Owner in running the business?
The owner has several outlets so moves between the outlets. This outlet however does have supervisors in place who can operate independently.

When does the current lease end?
January 2023

Is there an option of renewal & what period?
Yes

What are the trading hours?
9am to 9pm

What is the square meters of the business?
106 SQM

Is a copy of the lease available?
Yes

Do you require a licence?
Franchisor approval is required for applicants and liquor license transfer.

What lease deposit and/or other surety is required?
R20000

What are the main assets of the business?
Furniture and Fittings

Are any items not included in the sale?
All are included

What is their overall condition?
Very good

Do any require repairing?
No

Are they presently insured?
Yes

Strengths?
Well situated Good strong brand good profits and well priced Neat clean operation

Opportunities?
Improved marketing/ specials

What is the reason for the sale?
The owner wants to expand other business interests.

Why is this a good business?
It is well situated and surrounded by suburbs and several businesses making it easy accessible for clients. Selling price makes it good value for money. The outlet is also neat and clean, and well managed.

What is the price plus stock and the profit?
R1,925m includes R75k stock. Price includes rental deposits as well.

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AGENCY DETAILS

Aldes Pro

3 members
20 mandates
Gauteng
Malcolm Road
0000

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