Sectors / Category

Annual turnover

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  • Mandate: 34399
  • Added: 23 Feb 2021
  • AFS
  • 83

Well Established and Loved Cafe & Pizzeria

Western Cape, Cape Town
83
Mandate 34399
Added 23 Feb 2021
R 4,500,000* ZAR
Stock: R 0
Assets: R 0
R 147,798 ZAR
Rob Gwilliam
(PRINCIPAL)
Aldes Mega
Western Cape, Cape Town
Western Cape, Cape Town
Summary

Vibey cafe in very busy mall

Well Established and Loved Cafe & Pizzeria
SELLING PRICE AFS
R 4,500,000* ZAR
Stock: R0
Assets: R0
R 147,798 ZAR
Summary

Vibey cafe in very busy mall

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Fully describe the business's activities?
This is an all day pizza, coffee and licensed restaurant. Long established and well regarded for breakfast and lunches.

How long has the business been established?
Opened in 2007

How long has the owner had the business?
The owner has owned from the first day.

Give a breakdown between sit-down, takeaways and deliveries
It is a traditional sit down style restaurant though the take away has grown lately.

How does the business operate on a daily basis?
Open 7 days a week. 10 - 8,30 Monday to Wednesday. 9 - 9 Thurs to Saturday and Sunday 9 - 3.

How are the clients attracted to the business?
This is a well positioned store in a good mall and near the supermarket entrance. The owner has done some focused social media campaigns.

What Advertising/Marketing is carried out?
Promoted mainly through social media campaigns.

Does the business have any contract work?
Not at present.

What competition exists?
There is nothing of this calibre locally. So no real competition.

What are the seasonal trends?
A good all year round turnover.

How did the Covid-19 pandemic impact the business turnover / daily operations?
The store is now turning over above 80% of its pre covid amount.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
All necessary steps have been taken to comply with government standards

What VAT documentation is on file?
Yes

Are there up-to-date Management Accounts available?
All accounts are with the accountants

What Balance Sheet and Income Statements are available?
Yes

What percentage of the business is cash/credit?
80% Credit and 20% cash.

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
The store has a good GP but the menu could be extended. Maybe the take away market to the large residential area close by could be explored.

Is Seller finance available and for what amount?
No

What is the total staff complement?
26 Staff members.

Give a breakdown of staff/ functions/ length of service?
11 of the staff members have been in the store from the opening. There is a very good manager in place.

Do any receive special perks or incentives?
Not at present.

Are they on contract?
Yes, all contracts are in place.

Do any have management potential?
Management are in place.

How involved is the Owner in running the business?
The owner is there 2 - 3 days a week.

Any special arrangements for the staff related to the Covid-19 pandemic?
The staff and management are fully compliant with Covid protocol.

When does the current lease end?
There is 2 years remaining on a 5 year lease.

Is there an option of renewal & what period?
Yes certainly, the landlord is very accommodating.

What is the annual escalation %?
7%

What are the trading hours?
Open 7 days a week. 10 - 8,30 Monday to Wednesday. 9 - 9 Thurs to Saturday and Sunday 9 - 3.

What is the square meters of the business?
310 sq meters.

Is a copy of the lease available?
Yes.

Do you require a licence?
All licenses are in place and up to date.

What are the main assets of the business?
All of the fixtures and fittings. The store was revamped and re modeled in 2015.

Are any items not included in the sale?
All fixtures and fittings are included.

What is their overall condition?
Everything is in very good condition.

Do any require repairing?
Not at present.

How have they been valued ?
They have been valued at replacement cost.

Which assets are on lease/HP and with whom?
N/A

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
Yes.

Strengths?
Very well known, independent brand in a high profile mall.The store is well regarded with an excellent reputation.

Weaknesses?
Nothing stands out as a weakness.

Opportunities?
The opportunity would be to expand the brand, the owner has identified other potential sites to open. The expansion of take aways, home delivery could be explored.

Threats?
Nothing obvious at present.

What is the reason for the sale?
The owner has an opportunity to be with family overseas.

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FRANCHISE DETAILS

Aldes Mega

1 members
7 active mandates
Western Cape , Cape Town
31 Constantiaberg Business Park, 31 Princessvlei Road, Southfield, Cape Town, 7941
Cape Town

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