Sector - Food
Steers & Debonairs Combo Store in newly revamped shopping centreGive me more information
Fully describe the business's activities?
This Steers & Debonairs Combo Store in newly revamped shopping mall is currently under the ownership of a career restaurateur who has optimized the operations of these two stores from the sharing of resources, streamlining deliveries, updating security and implementing a management reporting structure.
How does the business operate on a daily basis?
Stores are manager run with a team of four senior staff members overseeing both operations.
What Advertising/Marketing is carried out?
- Flier Drops;
- Activation points;
- Database marketing via either SMS or push notifications on the Steers & Debonairs app.
What competition exists?
Regular competition within the fast food space.
How could the profitability of the business be improved?
The basics of food and beverage operation, the more time an owner has to interrogate the purchases, wastage, other costs, the more the owner will be able to extract out of the business.
Give a breakdown of staff/ functions/ length of service?
Manager x 2
Front of House x 3
Back of House x 9
Manager x 2
Front of House x 2
Back of House x 5
How involved is the Owner in running the business?
The owner is involved in an oversight capacity.
When does the current lease end?
Steers - 1 July 2022
Debonairs - 1 May 2023
What are the trading hours?
Monday to Sunday - 09:00 to 21:00
What are the main assets of the business?
The operating equipment.
The brand name
- Very strong brands, in a resilient sector of the food market;
- Strong systems in place to ensure the business stays profitable;
- Tenants in the shopping centre include a Super Spar, Westpack, and bank branches for Absa, FNB, Nedbank, Standard and Capitec.
Seating is limited.
An owner that has the capacity to focus more attentively on purchases and administrative functions can immediately start improving the bottom line.
None, other than the current pressure on consumer spending.
What is the reason for the sale?
The current owner operates multiple restaurants. He is offloading a few stores to free up time to consolidate his efforts.
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