Fully describe the business's activities?
Business is situated in a busy part of town that offers fast food for take away or sit down in store.
How long has the business been established?
44 Years
How long has the owner had the business?
1 Year
Give a breakdown between sit-down, takeaways and deliveries
70% take away 30% sit down
How does the business operate on a daily basis?
Customers walk in and order food and beverages either for take away or consumed in store. They also offer Mr Delivery and Uber Eats as an extra service to their customers.
How are the clients attracted to the business?
Word of mouth, convenient location and grab and go food offered, and also the fact that the business has been around for 4 decades.
What Advertising/Marketing is carried out?
Signage all over the stores windows and building.
What competition exists?
There is other competition but this store is an icon in the area and has been around for years.
What are the seasonal trends?
The business is constant throughout the year.
Is the business VAT Registered?
No
Are there up-to-date Management Accounts available?
Yes
What Balance Sheet and Income Statements are available?
Non
What percentage of the business is cash/credit?
100% cash no accounts are offered to any customers.
How could the profitability of the business be improved?
Better management and more hands on by the owner.
Is Seller finance available and for what amount?
Yes, depending on the offer.
What is the total staff complement?
7
Give a breakdown of staff/ functions/ length of service?
5 Work in the kitchen; Prepping food and cleaning of the kitchen.
2 Cashiers : Which one of them manages the business
Are they on contract?
They are all permanent staff.
Do any have management potential?
Yes, there is a manager in place
How involved is the Owner in running the business?
Little to none
What are the trading hours?
Monday - Friday 7am - 6pm
Saturday 7am - 5pm
Sunday Closed
What is the square meters of the business?
380 squares
Is a copy of the lease available?
Yes
Do you require a licence?
No
What are the main assets of the business?
Equipment : Several fish fryers, fridges, warmers,etc..
Are any items not included in the sale?
Yes
1x Baine-marine (with table stand)
1x Potato peeler machine ( Peel-O-Master)
What is their overall condition?
Good working order of all the equipment in the kitchen.
Do any require repairing?
Some of the extra equipment that isn't being used needs repairing.
How have they been valued ?
Second hand market related value.
Which assets are on lease/HP and with whom?
NA
Strengths?
- Good quality food
- Great location
- Well known in the area
- Been established for over 4 decades
Weaknesses?
Long hours
Opportunities?
Great potential for unused space.
Potential Liquor store or tavern, or even bigger restaurant area.
Threats?
Higher input costs due to economic situation in country
What is the reason for the sale?
Owners have other business interests.
Why is this a good business?
-Good quality food in a great location that has been around for decades and is an icon in the town.
-Potential to grow because of all the unused space.
-Possible Liquor store (plans have been made)
-Potential for a tavern.
Annual Turnover Amount between R 500 thousand and R 6 million