Sectors / Category

Annual turnover

|
  • Mandate: 34654
  • Added: 04 May 2021
  • AFS
  • 58

Bar, Pub and Grill next to busy road

North West, North West
58
Mandate 34654
Added 04 May 2021
R 660,000* ZAR
Stock: R 0
Assets: R 0
R 45,267 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

Local community bar next to busy road

Bar, Pub and Grill next to busy road
SELLING PRICE AFS
R 660,000* ZAR
Stock: R0
Assets: R0
R 45,267 ZAR
Summary

Local community bar next to busy road

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

Fully describe the business's activities?
This is a Bar that caters for the local community and is located next to highly visible and busy road

How long has the business been established?
The owner had the business since 2018

How does the business operate on a daily basis?
The bar has walkin customers, mostly students as well as regular customers in the community, they also offer private function services

How are the clients attracted to the business?
Word of mouth and Facebook advertising, they are also visible next to main road where they have a billboard with specials being promoted

What are the seasonal trends?
During periods when students are away business is less, yet still busy due to convenient and visible location

Is the business VAT Registered?
No the owner is a sole proprietor that is not registered for VAT

Are there up-to-date Management Accounts available?
The owner kees his own records and accounting system and has this available

What percentage of the business is cash/credit?
All business is cash

How could the profitability of the business be improved?
Increased advertising, more visible roadside advertising and hosting of events

What is the total staff complement?
The staff complement is 3 people

How involved is the Owner in running the business?
The owner visits the business regularly, yet daily management done by staff

When does the current lease end?
The current lease ends in 3 years with an option to renew

What are the trading hours?
Monday to Sunday 7 to late

What is the square meters of the business?
600 meters

Is a copy of the lease available?
Yes

Do you require a licence?
Liquor Licence

What are the main assets of the business?
General bar equipment

Are any items not included in the sale?
There are a number of items used in bar that belongs to vendors, as is the norm in this industry

Strengths?
Convenient and busy location with local and regular customers

Weaknesses?
Could increase advertising and roadside visibility

Opportunities?
Increased social media engagement, regular competitions and events

Threats?
Covid hard lockdowns

What is the reason for the sale?
Owner relocating

Why is this a good business?
Established and good visible location

What is the price plus stock and the profit?
R660,000

Other listings by Frans
R 606KZAR
Added : 4 May 2021 58
Yearly profit: R388,680
North West
R 12.90MZAR
Added : 3 May 2021 72
Yearly profit: R0
Gauteng
R 12.00MZAR
Added : 30 Apr 2021 199
Yearly profit: R3,076,309
North West
FRANCHISE DETAILS

Aldes Potchefstroom

1 members
19 active mandates
North West , Potchefstroom
Mia Meent Unit 3 6 Fick Street Potchefstroom
Potchefstroom

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 759KZAR
Added : 9 Mar 2020 751
Yearly profit: R140,863
KwaZulu-Natal

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.00MZAR
Added : 5 May 2021 20
Yearly profit: R430,472
Gauteng
R 730KZAR
Added : 23 Apr 2021 175
Yearly profit: R383,826
Gauteng
R 1.08MZAR
Added : 22 Apr 2021 248
Yearly profit: R634,400
Gauteng
R 2.50MZAR
Added : 20 Apr 2021 356
Yearly profit: R1,182,708
Gauteng
R 1.60MZAR
Added : 19 Apr 2021 443
Yearly profit: R717,512
Gauteng
R 1.70MZAR
Franchise
Added : 13 Apr 2021 347
Yearly profit: R630,285
Gauteng
R 630KZAR
Added : 13 Apr 2021 464
Profit*: R96,734 *(6 months)
Gauteng
R 2.10MZAR
Franchise
Added : 11 Apr 2021 425
Yearly profit: R835,192
Gauteng