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LocationSouth Africa, North West

Sector - Food

Asking Price
R1,650,000
Monthly Profit
R 117,432
Asset Value
R -72,326
Stock Value
R 0
Yearly Net Profit
R 1,409,181

Summary

Business customers and social gatherers all enjoy this conveniently located restaurant that offers well thought out menu and live entertainment

Give me more information

Fully describe the business's activities?

Family owned Restaurant with long history, great vibe and conveniently located close to business community and suburban area.

How does the business operate on a daily basis?

The business opens daily at 06:30 and offers sit down meals inside and outside in casual environment.

What Advertising/Marketing is carried out?

Extensive social media of events and meal specials, including the effective use of "owned" hashtags across these media platforms.

What competition exists?

There are a number of other food related businesses in the area, yet each has its own positioning and segment focus.

How could the profitability of the business be improved?

More delivery services and online ordering

Do any have management potential?

Yes there is a highly competent tea in place that manages the day-to-day business.

How involved is the Owner in running the business?

The owners are actively involved.

How involved is the Owner in running the business?

The owners are actively involved.

When does the current lease end?

The current lease ended in november and currently runs month-on-month, the new owner however will have the option to secure full lease renewal

What are the trading hours?

The business opens at 06:30 each day and closes at 20:00 from Monday to Thursday, Midnight on Fridays, 14:00 on Saturdays and Sundays

What are the main assets of the business?

Restaurant Equipment

Strengths?

Well established business, good location, entertainment vibe.

Weaknesses?

Lack of online ordering system

Opportunities?

Deliveries and Online Ordering

Threats?

COVID Lockdowns

What is the reason for the sale?

Owner wishes to focus on different interests

Location

Contact | Enquire

Frans

Frans Joubert

LocationSouth Africa, North West

Preferred method of contact

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