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Annual turnover

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  • Mandate: 34292
  • Added: 23 Oct 2020
  • AFS
  • 810

Day trading restaurant - amazing location!!

Gauteng, Johannesburg
810
Mandate 34292
Added 23 Oct 2020
R 1,150,000* ZAR
Stock: R 50,000
Assets: R 0
R 74,771 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand
Summary

Cafe'/restaurant that hosts events and functions in one of the best locations in Sandton!! So much growth potential!! Only day trade, evening trade an option.

SELLING PRICE AFS
R 1,150,000* ZAR
Stock: R50,000
Assets: R0
R 74,771 ZAR
Summary

Cafe'/restaurant that hosts events and functions in one of the best locations in Sandton!! So much growth potential!! Only day trade, evening trade an option.

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Fully describe the business's activities?
This business trades during the day offering breakfast and lunch. It doubles up as an events venue. It has a great location in Sandton's business district with it's own parking lot. This business is a great lifestyle choice.

How long has the business been established?
12 Years

How long has the owner had the business?
8 Years

Give a breakdown between sit-down, takeaways and deliveries
70% sitdown. Take-aways through Mr.D 25% and deliveries 5%

How does the business operate on a daily basis?
Opens for breakfast and lunch trade. Most patrons are from the surrounding CBD. The restaurant caters for events in the evening and on weekends when required.

How are the clients attracted to the business?
Word of mouth, very little marketing is done.

What Advertising/Marketing is carried out?
Word of mouth. An active marketing plan will serve this business well. The events business is advertised on Plan me pretty website.

What competition exists?
This business' location and offering far surpasses it's competition.

What are the seasonal trends?
Summer months show increase in turnover but this business trades well throughout the year.

How did the Covid-19 pandemic impact the business turnover / daily operations?
It had a big impact, closed during stage 5 and 4 of lockdown.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
This business has shown a good growth path since Covid and should reach pre- covid trading totals in the coming months. Mr.D was introduced to increase take-aways during lockdown.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Vat returns

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Yes available to qualified buyers.

What percentage of the business is cash/credit?
80% Card/20% Cash

How could the profitability of the business be improved?
A marketing plan with a good social media presence will improve profits. Events business largely under utilised. Open for evening trade.

What is the total staff complement?
6 -10 depending on functions

Give a breakdown of staff/ functions/ length of service?
1 manager 1 barista 1 waiter 1 Head chef/cook 2 cooks

Do any receive special perks or incentives?
Tips

Do any have management potential?
Yes, a manager is currently running the business.

How involved is the Owner in running the business?
Daily involvement.

When does the current lease end?
June 2022

Is there an option of renewal & what period?
Yes, 3 year option.

What is the annual escalation %?
9%

What are the trading hours?
7h30 - 16h00 Mon to Fri. 7h30 - 16h00 Saturdays and evenings when required.

What is the square meters of the business?
195sqm

Is a copy of the lease available?
Yes.

Do you require a licence?
Yes.

What lease deposit and/or other surety is required?
3 months.

What are the main assets of the business?
Asset list will be made available to the buyer.

Are any items not included in the sale?
3 Antique pieces

What is their overall condition?
Good working condition.

How have they been valued ?
Owner valuation.

Are they presently insured?
Comprehensive insurance.

Strengths?
Great location and well established with so much untapped potential.

Weaknesses?
Lack of marketing and awareness.

Opportunities?
Evening trade. Take-aways

Threats?
Economy.

What is the reason for the sale?
The owner would like to take some time off.

Why is this a good business?
This business has so many revenue streams not yet explored that can add to an already impressive net profit.

What is the price plus stock and the profit?
R1 100 000 including stock non-negotiable.

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FRANCHISE DETAILS

Aldes Platinum

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

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