Sectors / Category

Annual turnover

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  • Mandate: 35063
  • Added: 15 Dec 2021
  • AFS
  • 300

Highly profitable Restaurant and sports bar.

Gauteng, Pretoria
300
Mandate 35063
Added 15 Dec 2021
R 3,000,000* ZAR
Stock: R 100,000
Assets: R 0
R 166,881 ZAR
Jannie van Vuuren
Aldes Focus
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Successful well known business in a great location. Quality food and service of high standard. Live entertainment

SELLING PRICE AFS
R 3,000,000* ZAR
Stock: R100,000
Assets: R0
R 166,881 ZAR
Summary

Successful well known business in a great location. Quality food and service of high standard. Live entertainment

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Fully describe the business's activities?
The business is a Pub and restaurant

How long has the business been established?
The Owner started business in 2006 and did not trade for a year.

How long has the owner had the business?
The Business relocated to the current premises and started end of August 2021 with the same concept

Give a breakdown between sit-down, takeaways and deliveries
The business is 100% sit-down

How does the business operate on a daily basis?
The owner or a manager open up in the morning and closes in the evening. They manage the staff and stock on hand. Organize entertainment on a regular bases.

How are the clients attracted to the business?
By word of mouth and the position of the premises.,.

What Advertising/Marketing is carried out?
Radio ads, Facebook, Social media. The business targets the age group of 30 to 40+

Does the business have any contract work?
No

What competition exists?
Yes, there are similar businesses but not nearby and has no effect on the business

What are the seasonal trends?
Stable during the year. Better in the Winter months. Paydays are the best.

How did the Covid-19 pandemic impact the business turnover / daily operations?
The Close Corporation(CC) closed all business activities and opened up in end of August 2021.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
The Liquor Lockdown forced the business to close and in the process re-locate.. No Rent was payable during the Liquor Lockdown period.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes

Are there up-to-date Management Accounts available?
Yes , the POS detail is available since the start of the business on the current premises.

What Balance Sheet and Income Statements are available?
The Balance sheet of the Closed Corporation is available for the business for the previous years.

What percentage of the business is cash/credit?
100% credit card

How could the profitability of the business be improved?
More Marketing can be done. Offering Corporate lunches. A facility to accommodate children can be a huge asset.

Is Seller finance available and for what amount?
No

What is the total staff complement?
There are 10 permanent staff members employed and 8 Waiters that works on a tip bases.

Give a breakdown of staff/ functions/ length of service?
2x Managers, 1 x Chef, 5x Cooks , 1x Scullery/Cleaner, 1x Barman All staff are working at the business since opening at the new premises.

Are they on contract?
Not on contract yet

How involved is the Owner in running the business?
The Owner is the driving force in the business . He does not have to be at the business full time.

When does the current lease end?
The current lease ends August 2026

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
7% pa

What are the trading hours?
7 Days a week from 08h00 till late

What is the square meters of the business?
250 square meters with a stoop and an area outside to be utilized for children facility to play..

Is a copy of the lease available?
Yes

Do you require a licence?
Liquor and Department of Health licenses are. in place. An Application for a gambling license is in process.

What lease deposit and/or other surety is required?
Two months of rent is paid as deposit

What are the main assets of the business?
A list of all asset like furniture, equipment ,cutlery and many more is available.

What is their overall condition?
New and in good working condition

How have they been valued ?
Owner secondhand valuation

Which assets are on lease/HP and with whom?
Amps for the Sound are rented on a monthly bases Two fridges of SAB .

Are they presently insured?
Yes

Strengths?
The business has a well known Brand name for many years. Good food and service outstanding. Nice vibe and a good location with lots of parking.

Weaknesses?
The menu needs to be re-done and the costing needs to be checked

Opportunities?
The gambling license application is in process The children play area will bring more feet to the business. Deliveries for takeaway orders can be implemented. There are lots of office blocks in the area that can targeted for marketing.

Threats?
Covid pandemic

What is the reason for the sale?
The Owner has a business opportunity in KZN and wants to relocate

Why is this a good business?
This is a business with a vibe Easy to run. Good net profits Potential to grow.

What is the price plus stock and the profit?
R3 000 000 with a high return on investment.

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AGENCY DETAILS

Aldes Focus

6 members
59 mandates
Gauteng , Pretoria East
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
Pretoria East
0081

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