Filters
LocationSouth Africa, Limpopo

Sector - Food

Asking Price
R6,000,000
Monthly Profit
R 177,367
Asset Value
R 500,000
Stock Value
R 150,000
Yearly Net Profit
R 2,128,399

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 information

Fully 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.

Location

Contact | Enquire

Ferdi

Ferdi van Greunen

LocationSouth Africa, Gauteng

Preferred method of contact

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