Asking Price
R1,495,000
Monthly Profit
R 60,326
Asset Value
R 414,450
Stock Value
R 142,154
Yearly Net Profit
R 723,911
Summary
Popular seafood restaurant, loved by locals. Dine in and takeaway in a great location.
Give me more informationHow does the business operate on a daily basis?
Key staff members open & close the store. Staff members check stock & report to owner for purchasing. Cash-ups done & balanced by key staff. Customers are generally walk ins.
What Advertising/Marketing is carried out?
Mainly social media – Facebook, Instagram & Google, but also word of mouth is exceptional as this is a well known establishment/ landmark
What competition exists?
In the area, 1 other Fish & chip shop but they DO NOT SELL FRESH FISH & FROZEN SEAFOOD
How could the profitability of the business be improved?
Gas fryers installed; Extended trading hours; Even more marketing /advertising; Exploit spare section of floor space currently not used; Extend the menu items eg. pizza, chicken and introduce dessert menu; Introduce starters
Give a breakdown of staff/ functions/ length of service?
Front of house/ point of sale/ supervisor 16 years
Front of house 16 years
Processing/ Fresh fish/ supervision 16 years
Kitchen cook & processing 16 years
Kitchen cook & processing & scullery 16 years
Processing/ fresh fish/ kitchen/ front of house 12 years
Kitchen cook/ processing 2 years
Kitchen cook/ processing/ front of house 4 years
Front of house 16 years
Processing/ Fresh fish/ supervision 16 years
Kitchen cook & processing 16 years
Kitchen cook & processing & scullery 16 years
Processing/ fresh fish/ kitchen/ front of house 12 years
Kitchen cook/ processing 2 years
Kitchen cook/ processing/ front of house 4 years
Do any have management potential?
Yes
How involved is the Owner in running the business?
Daily
Planning/ purchasing/ administration/ training
Peak times assisting
Interacting with customers
Planning/ purchasing/ administration/ training
Peak times assisting
Interacting with customers
When does the current lease end?
Now
What are the trading hours?
9.30 – 18.30 (Monday – Saturday); 9.30 – 14.00(Sunday)
What are the main assets of the business?
Catering equipment, furniture
Strengths?
Well known landmark business; Staff well trained & long serving ;Unique – selling fresh & frozen seafood as well as restaurant/ take-away; Popular with all age groups; Long standing contacts & suppliers in the seafood industry
Weaknesses?
Loadshedding; Weak Stock systems; M4 bridge down; Close too early
Opportunities?
Sushi menu; franchise
What is the reason for the sale?
Owners pursuing other business ventures as children have completed their schooling in the area
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