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Annual turnover

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  • Mandate: 34936
  • Added: 29 Sep 2021
  • AFS
  • 1208

Food Cafe

Gauteng, Johannesburg
1208
Mandate 34936
Added 29 Sep 2021
R 190,000* ZAR
Stock: R 10,000
Assets: R 120,000
R 13,197 ZAR
Deon van Tonder
(PRINCIPAL)
Aldes Badu
Gauteng, Randburg
Gauteng, Randburg
Summary

Indian cusine Fast Food Take away Price reduction. Urgent sale

Food Cafe
SELLING PRICE AFS
R 190,000* ZAR
Stock: R10,000
Assets: R120,000
R 13,197 ZAR
Summary

Indian cusine Fast Food Take away Price reduction. Urgent sale

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Fully describe the business's activities?
Located in the Heart of the industrial Area Serving fastfood Curries And Take aways

How long has the business been established?
The shop operated since 2015 6 Years

How long has the owner had the business?
Took over from Sandwich Baron in 2016 and operated till Feb 2019 Sold business due to frail care responsibilities to parents Bought it back in March 2020.

Give a breakdown between sit-down, takeaways and deliveries
Deliveries 60% Sit downs 10% Takeaways 30%

How does the business operate on a daily basis?
Open at 08:00 Start preparing the carries Prepping for all burger meals All meals are made on order Handle delivery calls Deal with walk-in customers. Afternoon from 14:00Start cleaning surfaces Pots and pans Grillers Countertops Sanitize cleaning on a daily basis Coolers are reset and packed All areas sanitized Lock up at 16:00

How are the clients attracted to the business?
Word of Mouth Welcome old owners back as the quality of food are back to familiar standard.

What Advertising/Marketing is carried out?
Not recently, Partner illness and care limits time availability

Does the business have any contract work?
No contract work. Corporate clients for platters and curries.

What competition exists?
Only shop in this industrial area

What are the seasonal trends?
15 Dec to second week of Jan Business are closed

How did the Covid-19 pandemic impact the business turnover / daily operations?
Closed for April last year came back in May. Take aways allowed during lock downs. a small inpact on sitdown clients.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Adherrance to regulations Sanitizing and masks compulsary?

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Last 8 months up to date

What Balance Sheet and Income Statements are available?
No

What percentage of the business is cash/credit?
Cash 40% Credit card 60%

What is the age analysis of the debtors book?
No Debtors book 7 day acount Meat and Chicken

How could the profitability of the business be improved?
Advertising pamflets and social media Increase Turnover

Is Seller finance available and for what amount?
NO

What is the total staff complement?
3

Give a breakdown of staff/ functions/ length of service?
1 x Delivery guy answer phones take orders to help with veg prep and general cleaning in the afternoon 2x All-rounders curries sandwich Burgers and salads general cleaners and taking orders

Do any receive special perks or incentives?
Yearly bonus

Are they on contract?
No contracts permanent workers

Do any have management potential?
Owner operated business

How involved is the Owner in running the business?
Owner-managed

When does the current lease end?
End August 2022 Leasing agents flexible and will accomadate extended rental agreement with new owners

Is there an option of renewal & what period?
Yes to be negotiated Sympathetic landlord to covid realities.

What are the trading hours?
08:00 to 16:00

What is the square meters of the business?
70.2

Is a copy of the lease available?
Yes

Do you require a licence?
Yes COA (Certificate of Acceptability) Business licence

What lease deposit and/or other surety is required?
1 month rent

What are the main assets of the business?
Asset list

What is their overall condition?
Good working condition

Do any require repairing?
Non

How have they been valued ?
Owners valuation

Which assets are on lease/HP and with whom?
2 xCoke fridges

Are they presently insured?
Self insured

Strengths?
We are the only established takeaway restaurant in Kya sands. Many have come and gone We have built strong relationships with our customers and survived the Covid 19 Lockdown We have a very dedicated, loyal, and hardworking staff.

Weaknesses?
Lack of manpower to effectively market the business

Opportunities?
Relook at the menu and perhaps make changes Lots of new businesses opening in the area Increase the radius of delivery to include surrounding suburbs Northlands business park / Deco Park and Production Park Attract more of the lower-income groups

Threats?
Covid pandemic is both a threat and a oppertunity We are already the last standing Fast Food cafee in the industrial park

What is the reason for the sale?
Life Partner took very ill and require intensive care.

Why is this a good business?
When I opened the business in 2015 I generated 20 to R25k monthly profit The business was very well established. Willing to share trade secrets with the new owner Recipes, costing portions, etc Recipes have been handed down through generations

What is the price plus stock and the profit?
Asking Price R 200 000 excl stock Stock Valued at R 20 000 Current monthly profit average R 10 000 per month

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AGENCY DETAILS

Aldes Badu

2 members
10 mandates
Gauteng , Randburg
40 Silver Pine Avenue, Moret, Randburg, 2194
Randburg

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