South Africa, LimpopoSector - Food
Summary
Located in Limpopo this neat gaming house operates under a site license. Income from gaming as well as food and liquor.
Give me more informationFully describe the business's activities?
The small casino operates under a Gaming License and caters for entertainment with 30 slot machines.
The gaming floor is neatly laid out with separate bar facilities and food court.
How does the business operate on a daily basis?
This is a 24 hour operation.
Customers enter the gaming area under strict security and the business also caters for food with a basic menu and a neatly laid out bar.
What Advertising/Marketing is carried out?
Sizable advertising boards in front of the building.
The business has a Facebook page and now and again some flyers are distributed in the area.
What competition exists?
There are no casino's/gaming houses within 50km of the town.
How could the profitability of the business be improved?
Making use of the entertainment area by organizing functions and events will attract more customers.
The food court can also expand its menu.
Give a breakdown of staff/ functions/ length of service?
5 x Kitchen staff
5 x Staff for the bar
9 x Licensed slot machine operators (Supervisors and Assistant Supervisors included)
2 x Cleaners/General workers
1 x Personal Assistant acting as Manager in the owners absence
Do any have management potential?
There is a Manager overseeing all the staff and their activities.
The owner is most satisfied with his performance over the last three months .
How involved is the Owner in running the business?
Currently the owner takes care of purchasing of stock, administrative aspects and he cross checks and oversees the staff.
When does the current lease end?
December 2023
What are the trading hours?
The business trades 24 hours a day
What are the main assets of the business?
The slot machines is the ownership of the Route Operator.
All repairs/maintenance and servicing of the slot machines are taken care of by the Route Operator.
The drop safe is the ownership of the bank.
All other assets are included in the transaction.
Main assets consist of bar, food court, cutlery and crockery
Strengths?
Gaming license
Liquor license
Exceptional cashflow
No competition
Main street
Lease agreement
Weaknesses?
24 hour operation
Opportunities?
Increasing the number of slot machines from 30 to 40
More entertainment
Extended menu
Threats?
Not operating the casino in terms of gaming regulations.
What is the reason for the sale?
The owner and his wife is relocating to the United Kingdom.
Access to the number one business broking tool to get your business sold.
We've got you covered!
We offer an innovative and intuitive
solution for selling your business, franchise and premises
Promote
your business for sale
Reach
the right audience
Gain
more exposure
More businesses you may like
More similar, inspiring businesses for sale
Knowledge Bank
Get the latest information, valuable tips and share in the professional knowledge of business experts on selling or buying a business
Buyers
E-commerce Business for Sale: The Benefits
For the modern-day consumer, convenience is key. If something can be done faster and more effectivel
Filling Station for Sale: How to Make the Right Choice
When purchasing a CORO site, you’ll need to scrutinise the terms and conditions in place. It’s i
Is Buying a Franchise a Good Idea?
A franchise survey conducted by Sanlam in 2019 indicated that the South Africa’s franchise industr
Sellers
Can I Franchise my Business? – Ten Things to Consider
Many businesses get to a stage where they consider expansion, and franchising is one way of expandin
What makes a great Business Coach?
A great ActionCOACH first and foremost has a passion for business, as well as a passion for helping
Common Mistakes to Avoid when Valuating an Online Business
Unlike other businesses, the online venture may not have any tangible assets such as property, machi