How does the business operate on a daily basis?
Customers walk in and order and take away or eat on the premises. They also have motorbikes for deliveries when people phone in orders

How are the clients attracted to the business?
Word of mouth, repeat business as well as a Facebook page and other restaurant websites

What Advertising/Marketing is carried out?
Outside the store with signage and posters as well as regular Facebook updates and other restaurant websites

What competition exists?
There are other takeaways in the area but this is unique that they offer a la carte and gourmet fast food. The business is known for their quality and freshness

What are the seasonal trends?
Business is constant throughout the year

How did the Covid-19 pandemic impact the business turnover / daily operations?
Business was closed for 6 weeks, but business is back to normal

Is the business VAT Registered?
Yes, it is

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Last 5 year's numbers are readily available

What percentage of the business is cash/credit?
All sales are cash or credit cards by means of Snapscan, Zapper and Masterpass

How could the profitability of the business be improved?
Offer deliveries further away than 5km
Run more specials during the week

Is Seller finance available and for what amount?
Yes, but dependent on the total offer

What is the total staff complement?
10 staff members

Give a breakdown of staff/ functions/ length of service?
6 kitchen staff that rotate duties
3 bike delivery staff
1 manager

Casuals are employed as and when required

Do any receive special perks or incentives?
Staff get 1 meal per day

Are they on contract?
All staff have an employment contract

Do any have management potential?
Yes, there is a manager currently in place

How involved is the Owner in running the business?
Owner goes to the store on a daily basis

When does the current lease end?
January 2025

Is there an option of renewal & what period?
Renewal option is for the next 3 years

What is the annual escalation %?
8%

What are the trading hours?
Monday to Thursday and Saturday 8am to 8pm
Friday 8am to 8:30pm,
Sunday 8am to 2pm

What is the square meters of the business?
268 square metres

Do you require a licence?
Occupational health and safety - License of acceptability issued by municipality

What lease deposit and/or other surety is required?
R54,000 key deposit

Other key features
The business doesn't suffer with loadshedding, due to the grid that it is on

The centre has a borehole which means no water disruptions

What are the main assets of the business?
Kitchen equipment for eg. 2 grillers, fridges, 3 chip fryers, cold room, cappuccino machine, baim marine, oven/steamer etc
3 delivery bikes

What is their overall condition?
Everything is on good working order

Which assets are on lease/HP and with whom?
The oven/steamer is on lease. Lease ends in 2026

Will Seller settle or Buyer to take over?
Buyer will take over lease

Are copies of agreements available?
Yes, they are available

Are they presently insured?
Everything is insured

Strengths?
Well known brand Been around for 8 years in current location
Quality products
Ease of access to business

Weaknesses?
Long hours, open 7 days a week

Opportunities?
More specials
More advertising and promotions in industrial areas

Threats?
Higher input costs due to economic downturn, for eg cooking oil

What is the reason for the sale?
Seller emigrating.

Why is this a good business?
Profitable
Well known brand, been around for 8 years in current location
Quality products
Ease of access to business