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Annual turnover

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  • Mandate: 35217
  • Added: 23 Mar 2022
  • AFS
  • 602

Established Take away on provincial road at outskirts of Pretoria

Gauteng, Other
602
Mandate 35217
Added 23 Mar 2022
R 495,000* ZAR
Stock: R 15,000
Assets: R 80,000
R 31,940 ZAR
Jannie van Vuuren
Aldes Focus
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Open 6 days a week. Doing deliveries.to clients Ideally located . Growth potential. Easy to run with Liquor license. Good affordable food.

SELLING PRICE AFS
R 495,000* ZAR
Stock: R15,000
Assets: R80,000
R 31,940 ZAR
Summary

Open 6 days a week. Doing deliveries.to clients Ideally located . Growth potential. Easy to run with Liquor license. Good affordable food.

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Fully describe the business's activities?
Prime spot in town, selling fast food (pizza wood oven), burgers, toasties, vetkoek, breakfast, best pork ribs in town, fish & chips. We also sell liquor, cold drinks, bean to cup coffee and gourmet milkshakes.

How long has the business been established?
The business has been established for approximately 12 years. The Landlord took the business over from the previous owners beginning of July 2021.

How long has the owner had the business?
The Landlord took over the business during Covid about a year ago.

Give a breakdown between sit-down, takeaways and deliveries
Our sit-down customers are increasing daily (30%), but most of our customer base is take away food (approximately 50%). We do also offer deliveries (20%)

How does the business operate on a daily basis?
The manager or Owner opens and closes the shop. Experienced personnel prepare the food for order over the counter and sit-downs.The manager or Owner monitor the sales , services and till.

How are the clients attracted to the business?
The business has been here for so many years, its not only located on the best corner but extremely accessible and has become somewhat of a landmark in this area. Good affordable food and friendly service attracts our customers from all over this area and surrounding agricultural community.

What Advertising/Marketing is carried out?
We got a very active Facebook page with more than 800 followers and we are situated next to the Provincial road which makes us extremely visible to the public. Yet we find that our good relationship with our community and word by month are our best marketing strategy.

Does the business have any contract work?
No

What competition exists?
There are various other small restaurants and eateries in our area, but none situated better than ours.

What are the seasonal trends?
December and school holidays are normally our best months but we've got more or less a constant turnover through out the year. January are mostly our quietest month every year.

How did the Covid-19 pandemic impact the business turnover / daily operations?
We had to adapt our business model and focused more on take aways and deliveries. Turn over did fall throughout the first months but picked up when deliveries and pick-ups where allowed.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Our sit down capacity are much lower now because we changed the amount of tables but as previously noted, we increased on food pick-ups and deliveries.

Is the business VAT Registered?
Not yet

What VAT documentation is on file?
None

Are there up-to-date Management Accounts available?
Concept Management accounts since July 2021.

What percentage of the business is cash/credit?
More or less 70% card transactions and 30% cash

What is the age analysis of the debtors book?
None. All stock purchases, repairs or new equipment are paid immediately.

How could the profitability of the business be improved?
Expansion of the menu will be a great advantage, especially into healthy options and home made dinners. More breakfast options as well as pub lunches are in big demand. Adding deserts will also be a big hit.

Is Seller finance available and for what amount?
No

What is the total staff complement?
Currently 4 staff members

Give a breakdown of staff/ functions/ length of service?
2 x front of house (runs tills, tables, handles all customers) 1 x Kitchen Chef 1 x Food prepper and cleaner The Pizza station are currently run by the owner's husband and admin duties, marketing etc. is done by the owner.

Do any receive special perks or incentives?
Because we run 12 hour shifts we give staff and owners meals during the day.

Are they on contract?
No- TBA

Do any have management potential?
Yes, one of our front of house ladies knows the business and community extremely well.

How involved is the Owner in running the business?
Full time currently

Any special arrangements for the staff related to the Covid-19 pandemic?
Sanitizer, masks etc. are provided and we send them for Covid tests should they show any sign of the sniffles.

When does the current lease end?
There are no current lease agreement but as with the owners of the Take Away being also of the shopping center, They are willing to sign up to a 5 year lease with the new owners. Rent applicable will be R16500pm

Is there an option of renewal & what period?
Yes, 2 to 5 years.

What is the annual escalation %?
Per contract, the escalation are 10% per year but in all the years we've only had a 10% increase ones. Normally its between 5-8%. This year March 2022 there were no rent increase.

What are the trading hours?
08hoo till 20h00

What is the square meters of the business?
Total: 199.32sqm Inside shop (incl kitchen) = 122.177sqm Covered Patio (customer tables) = 48.949sqm Storage/Office or potential Bar space = 10.419sqm Public toilets = 17.776sqm

Is a copy of the lease available?
Yes

Do you require a licence?
Yes

What lease deposit and/or other surety is required?
An ones off deposit of R20 000 as well as the first months rent is required.

What are the main assets of the business?
All stainless steel tables, double door fridges, soft serve ice cream masjien, new gas burners, fryers, new microwave - all kicthen equipment, all front of house equipment, customer tables, decor, 2 x brand new POS systems, generator and more.

Are any items not included in the sale?
Build-in walk in fridge and freezer, build-in commercial extractor fan, wash basins, build-in wood pizza oven (normal building fixtures)

What is their overall condition?
Everything in working condition, some been here for several years, others are brand new.

Do any require repairing?
Undercounter stainless steal fridge.

How have they been valued ?
Owner Secondhand valuation

Which assets are on lease/HP and with whom?
Jura 8 coffee machine (makes up to 100 cups of bean to cup coffee). Rent to own, 3 year contract. Should the buyer not be interested in taking over the lease, we will gladly remove the machine.

What are their settlement amounts?
Not sure

Will Seller settle or Buyer to take over?
Should the buyer not be interested in taking over the lease, we will gladly remove the machine.

Are copies of agreements available?
Yes

Are they presently insured?
No

Strengths?
A wide range of products on the menu. Quality food and service. High visibility and easy to reach. Potential to grow business.

Weaknesses?
More advertising /marketing can be done to increase sales. Children play area is needed.

Opportunities?
Deliveries can be expanded for orders Serving of Liquor

Threats?
Covid impact

What is the reason for the sale?
The Owners being the Landlord wants to sell off the Take Away

Why is this a good business?
The business has a steady income stream with loyal clients that can grow.

What is the price plus stock and the profit?
The price is R495 000 with R15 000 stock included.

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AGENCY DETAILS

Aldes Focus

4 members
55 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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