Summary
This business handles catering and spit braais throughout the Western Cape region from Plett to Cape Town despite being Garden Route based currently. A 50% deposit is required and the balance paid before the function takes place.
Give me more informationFully describe the business's activities?
Currently they do catering in the Western Cape - from Plettenberg Bay to the Peninsula as required
All different dietary requirements are catered for, including vegetarian, vegan and Halaal meals.
How does the business operate on a daily basis?
What Advertising/Marketing is carried out?
What competition exists?
How could the profitability of the business be improved?
A new Owner may like to offer flowers & décor plus DJ's etc which could be arranged for the functions and often get requested, but the Owner prefers to focus on the Spitbraai and Catering as it currently is.
Give a breakdown of staff/ functions/ length of service?
3 Chefs
2 Drivers
The manager, manages the staff, logistics and collection of orders
The chefs are able attend local functions alone if they can drive and have time.
All equipment is loaded and staff are trained so that the staff member can operate alone at the function given the correct time availability.
However if there are multiple functions in the same period and proximity a driver may be allocated to assist.
How involved is the Owner in running the business?
They also attend to all the General Management requirements of the business.
All equipment and foods etc are checked out meticulously by the Owners before the chef leaves.
The staff have a well trained method of operating such as cleaning on site as soon as the meal is served, and repacking the vehicle etc.
The Owners check everything when the operator gets back.
What are the main assets of the business?
6 Stainless Steel Spitbraai's
Gas bottles, trestle tables etc
Full range of equipment as required.
A manual turning handle accompanies each function in case of load shedding.
An important part of this business is the intellect within the meat cooking process and basting which is a trade secret in formulation and will only be shared once the sale is complete...it is a well tried and well liked recipe.
Strengths?
Cash Flow...Cash Flow....The business has around R450,000 currently in reserve for functions where a deposit has been paid but must still be held.
Since all functions are paid 50% upfront to secure a booking and balance of 50% at least 72 hours prior, the business enjoys a strong cash flow and no bad debts are incurred.
Staff are temps and paid per function, so no other staff costs are incurred.
Weaknesses?
Opportunities?
Potjie's, chop or fish braai's can be introduced.
Threats?
What is the reason for the sale?
They have already started pursuing new interests.
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