Filters
LocationSouth Africa, North West

Sector - Food

Asking Price
R3,392,000
Monthly Profit
R 33,096
Asset Value
R 2,650,000
Stock Value
R 0
Yearly Net Profit
R 397,155

Summary

This Restaurant has been in existence for 14 years, is considered one of the top restaurants in the City and includes the property

Give me more information

Fully describe the business's activities?

This is a Restaurant that is considered one of the better Restaurants in town, the property is included and includes the Restaurant, and large yard space that is currently not utilized. The business offers different functions, Events and Wedding Services

How does the business operate on a daily basis?

The business is open from 8 to 17:00 for 6 days of the week, the focus of the business is mostly on lunches.

What Advertising/Marketing is carried out?

Mostly Word of Mouth and Social Media such as Facebook

What competition exists?

There are a number of Franchises across the city, yet in terms of sit down meals that are non franchised this restaurant is one of few in town, the restaurant also has one of the higher ratings on the various rating and reference site against other offerings in town

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

Most of the staff has been with the company for an extended period, the restaurant also uses flexi staff for different volume periods

Do any have management potential?

Yes

How involved is the Owner in running the business?

The owner is very involved in the business

When does the current lease end?

There is no lease as the property is owned and part of the transaction

What are the main assets of the business?

The Property, Buildings, Restaurant Equipment and Infrastructure

Strengths?

This is one of the top rated restaurants in town, with a long history and loyal customer base.

Weaknesses?

Owner limited capacity to focus on business development

Opportunities?

Great opportunities for revenue increase through adding of dinner in evenings, utilizing the property space, adding online and expanding take away offerings.

Threats?

Covid related lockdowns

What is the reason for the sale?

Owner is Retiring

Location

Contact | Enquire

Wynand

Wynand Wolmarans

LocationSouth Africa, Gauteng

Preferred method of contact

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