Fully describe the business's activities?
Customers order their food options and either eat in or take-away.
All transactions are cash or card payments, no credit.
Some food options are pre-prepared for quick turn-around
How long has the owner had the business?
2018
Give a breakdown between sit-down, takeaways and deliveries
80% sit down
20% take away
How does the business operate on a daily basis?
Customers order and pay for their food and beverages either for take away or they use the sit down eating area provided by the center.
How are the clients attracted to the business?
Word of mouth and convenient for the customers
What Advertising/Marketing is carried out?
Signage around the store and center.
What competition exists?
Other similar businesses nearby.
What are the seasonal trends?
Stable throughout the year, and very busy over November and December
Is the business VAT Registered?
Yes
Are there up-to-date Management Accounts available?
Yes
What percentage of the business is cash/credit?
Only cash no credit offered.
How could the profitability of the business be improved?
Offer delivery service in nearby industrial area
Is Seller finance available and for what amount?
No
What is the total staff complement?
3-6
Give a breakdown of staff/ functions/ length of service?
All staff cook and clean and help customers
Do any receive special perks or incentives?
No
Are they on contract?
Yes
Do any have management potential?
No
How involved is the Owner in running the business?
100%
When does the current lease end?
This is a month-to-month lease, and the landlord will give a new long lease
Is there an option of renewal & what period?
Yes
To be negotiated
What are the trading hours?
Monday-Saturday 8am 5:30pm
Sunday 8am 12:45
What is the square meters of the business?
80m squared
Big seating area for customers
Do you require a licence?
No
What are the main assets of the business?
Display and prep equipment
What is their overall condition?
Fair secondhand condition
Do any require repairing?
Everything in good working order
Which assets are on lease/HP and with whom?
None
Are they presently insured?
Yes
Strengths?
Well know in the area.
Good operating hours ( office hours )
Convenient location for all customers.
Quick service and efficient operations
Diverse menu options
Weaknesses?
Dependent on suppliers for service and quality ingredients.
Opportunities?
Offer delivery service to near-by industrial area.
Threats?
Economic downturns affecting customer spending.
What is the reason for the sale?
Owner has other business interests
Why is this a good business?
This is a easy business to operate with low overheads and great hours.
The business has an existing customer base, providing a steady stream of revenue.
Prime location means high foot traffic and potential for repeat business from local workers.
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Annual Turnover Amount between R 500 thousand and R 6 million