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?
Is a copy of the lease available?
Do you require a 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
Convenient and busy location with local and regular customers
Could increase advertising and roadside visibility
Increased social media engagement, regular competitions and events
Covid hard lockdowns
What is the reason for the sale?
Why is this a good business?
Established and good visible location
What is the price plus stock and the profit?
Annual Turnover Amount between R 500 thousand and R 6 million