Sectors / Category

Annual turnover

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  • Mandate: 35403
  • Added: 22 Jun 2022
  • AFS
  • 156

Highly Profitable Indian Takeaway

Gauteng, Johannesburg
156
Mandate 35403
Added 22 Jun 2022
R 1,030,000* ZAR
Stock: R 40,000
Assets: R 181,000
R 58,720 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand
Summary

Highly Profitable Indian Takeaway
SELLING PRICE AFS
R 1,030,000* ZAR
Stock: R40,000
Assets: R181,000
R 58,720 ZAR
Summary

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Fully describe the business's activities?
The business is situated in an established low rental convenient shopping centre. The surrounding residential area ensures constant foot traffic. The staff are all well trained and manages the store on behalf of the owner. The business sales are mostly deliveries and take away orders for the surrounding areas.

How long has the business been established?
2007

How long has the owner had the business?
2007

Give a breakdown between sit-down, takeaways and deliveries
90% takeaways and deliveries 10% sit-down

How does the business operate on a daily basis?
The staff opens and closes the business daily, the owner spends 50% of the day at the shop to manage stock and the finances.

How are the clients attracted to the business?
Well established in the area, located at a busy convenient centre. Website Mailchimp to existing Database +/- 1000 clients

What Advertising/Marketing is carried out?
Website Mailchimp to existing Database +/- 1000 clients

What are the seasonal trends?
Winter months are busier, Aug - Dec peak period

Is the business VAT Registered?
The business is not VAT registered

Are there up-to-date Management Accounts available?
Yes, will be disclosed during the due diligence

What Balance Sheet and Income Statements are available?
Yes, will be disclosed during the due diligence

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

How could the profitability of the business be improved?
Own delivery scooters to be used

Is Seller finance available and for what amount?
No seller finance available

What is the total staff complement?
5 staff members

Do any receive special perks or incentives?
Yes, will be disclosed during due diligence

Do any have management potential?
Yes

How involved is the Owner in running the business?
50% of the operating hours

When does the current lease end?
Its on a month to month basis

Is there an option of renewal & what period?
yes, for a 3 year period

What is the annual escalation %?
8%

What are the trading hours?
Monday - Thursday - 9:30 - 19:30 Friday - Saturday - 9:30 - 20:00 Sundays & Public Holidays - 10:30 - 19:00

What is the square meters of the business?
100 sqm

Is a copy of the lease available?
Monday - Thursday - 9:30 - 19:30 Friday - Saturday - 9:30 - 20:00 Sundays & Public Holidays - 10:30 - 19:00

Do you require a licence?
no

What lease deposit and/or other surety is required?
R20,000.00

What are the main assets of the business?
Fridges Kitchen equipment tables and chairs shop fittings

Are any items not included in the sale?
Generator

What is their overall condition?
Good working condition

Are they presently insured?
no

Strengths?
Strong cash business Low food cost Well established

Weaknesses?
Food limited to a specific category Low barrier to entry

Opportunities?
Increase menu options Add scooters for own deliveries

Threats?
Economy

What is the reason for the sale?
The seller is pursuing other business interests

Why is this a good business?
Easy to run Well trained staff Strong cash flow

What is the price plus stock and the profit?
R1,030,000.00 (including R40,000 stock) net profit R700,000.00

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AGENCY DETAILS

Aldes Infinity

1 members
4 mandates
Gauteng , Midrand
No 10 MT Boreas Midlands Office Park Midstream 1692
Midrand

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