South Africa, GautengSector - Food
Summary
Give me more informationFully describe the business's activities?
One of Joburg’s finest restaurants, with an amazing track record and many award-winning accolades.
How does the business operate on a daily basis?
Lunch & Dinner from Tuesday to Saturday. Lunch only on Sunday. Closed on Monday
Trading Hours: 12:00pm till close
Kitchen Hours: 12:00pm to 3pm & 6pm to 9:30pm
Give a breakdown of staff/ functions/ length of service?
Will be disclosed during the Due Diligence
Do any have management potential?
Managers in place
How involved is the Owner in running the business?
The owners oversees the stock orders and do the payments
When does the current lease end?
Will be disclosed during the Due Diligence
What are the main assets of the business?
Kitchen Equipment and furniture
Strengths?
Very strong brand with an excellent reputation
Weaknesses?
Large staff compliment
Opportunities?
Growing the business from the strong foundation laid down by the founders and increasing marketing spend
Threats?
Food costs need to be monitored closely
Economy
What is the reason for the sale?
The owners wish to pursue their own interests and relocating to different areas
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