Official COVID-19 Information: www.sacoronavirus.co.za
Official COVID-19 Information: www.sacoronavirus.co.za
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LocationSouth Africa, Gauteng

Sector - Food

Asking Price
R 1,640,000
Monthly Profit
R 109,908
Asset Value
R 853,151
Stock Value
R 110,000
Yearly Net Profit
R 1,318,897

Summary

A catering business supplying corporate clients and making great profits with a good asset list which includes delivery vehicles.

Give me more information

Fully describe the business's activities?

A family run catering business situated in Randburg supplying blue chip companies, the likes of Liberty Life, Nedbank, National Health Laboratory and more. The owners are aging and want to retire. The owners are willing to offer an extended hand over period to the buyer.

How does the business operate on a daily basis?

The owners open in the mornings to start preparation for the day. They receive daily orders from their clients, these are then prepared and delivered. They do corporate functions, private functions, weddings and more. They are known for their Peruvian styled cuisine and extremely tasteful food.

What Advertising/Marketing is carried out?

An existing website and social media advertising.

What competition exists?

There are 2 to3 direct competitors but their established client base is testament to the quality catering service they provide.

How could the profitability of the business be improved?

An active marketing campaign. Targeting more corporate clients will increase already good profits.

Give a breakdown of staff/ functions/ length of service?

Staff contracts are available for viewing.

Do any have management potential?

Yes, there is currently a head chef who is able to fulfil a management position. The daughter will however stay on in the business.

How involved is the Owner in running the business?

Daily involvement.

When does the current lease end?

December 2019

What are the trading hours?

45 hours a week

What are the main assets of the business?

Catering equipment, delivery vehicles and cold storage.

Strengths?

They have an established client base. With 25 years experience, the staff are well drilled and geared to provide exceptional service and quality. Blue chip clients.

Weaknesses?

No perceived weakness.

Opportunities?

They have been approached to run several corporate canteens which they have turned down, this could be another income source for the new owner. Actively approach new clients and not just rely on word of mouth.

Threats?

Petrol price and inflation has a direct impact on food prices.

What is the reason for the sale?

Owners are retiring.

Location

Contact | Enquire

Peter

Peter Kind

LocationSouth Africa, Gauteng

Preferred method of contact

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