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LocationSouth Africa, Gauteng

Sector - Food

Asking Price
R6,500,000
Monthly Profit
R 213,047
Asset Value
R 2,000,000
Stock Value
R 200,000
Yearly Net Profit
R 2,556,567

Summary

This busy steakhouse is part of a well known brand. They are located in a prime position inside a mall in Randburg

Give me more information

Fully describe the business's activities?

They are known for their love of great steak, excellent taste in wines and a warm and welcoming atmosphere where customers become friends.
This franchised restaurant is situated in a well known and busy shopping mall in Randburg.
They are more focused on attracting sit-in customers.

How does the business operate on a daily basis?

The business is mainly manager-run with the owner involved in the overall management of the business.
They managers is responsible for all operational duties such as stock take, ordering etc.
The business main trade is lunches and evenings

What Advertising/Marketing is carried out?

Franchise owners does marketing but they also advertise locally

What competition exists?

There are many restaurants and fast food outlets in the mall

How could the profitability of the business be improved?

Additional marketing and deliveries.

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

A full breakdown will be available to a serious buyer

Do any have management potential?

There are 3 managers in place

How involved is the Owner in running the business?

The owner is involved in on a daily basis in the business.

What are the trading hours?

11h00 untill 22h30

What are the main assets of the business?

Kitchen equipment and furniture

Strengths?

Very strong brand
They have a brilliant location in the mall
Service and food is excellent with good reviews and return customers

Weaknesses?

Price point

Opportunities?

Additional marketing and functions

Threats?

Current economic environment in the country

What is the reason for the sale?

Due to personal reasons the owner needs to relocate.

Location

Contact | Enquire

Louis

Louis Aucamp

LocationSouth Africa, Gauteng

Preferred method of contact

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