Ref. No - BFS936470

LocationSouth Africa, Gauteng

Ref. No - BFS936470

Sector - Food

Asking Price
R5,250,000
Monthly Profit
R209,152
Asset Value
R 1,067,000
Stock Value
R 150,000
Yearly Net Profit
R 2,509,826

Summary

Street food diner and take-away.

Give me more information

Fully describe the business's activities?

The restaurant operates as both a sit-down and a takeaway
“Greek Street food done right.”

How does the business operate on a daily basis?

A space that breathes memorable experiences with food that is simple & wholesome, surrounded by people who are entrenched in their beliefs.
Open Shop
Set up shop
Set up Kitchen
They deal with deliveries and orders
Await the Business of the day
Continues cleaning

What Advertising/Marketing is carried out?

Face book
Instagram
Inhouse advertising
Street Signage

How could the profitability of the business be improved?

A Revamp is currently the process

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

1x Manager
3x Grillers
1x Sculler
3x Salad preparers
8x Serving Staff (To are trained as junior managers)

Do any have management potential?

Yes Two are being Trained

How involved is the Owner in running the business?

Hands on

When does the current lease end?

Good for next 5 years

What are the trading hours?

10:30 am to 9:30 pm All days

What are the main assets of the business?

Equipment Furniture and generator

Strengths?

Well established
Embedded culture of dining and enjoying quality street food in an authentic ambiance
Beautiful outside courtyard

Weaknesses?

Normal economic pressure as experienced by all South Africans

Opportunities?

Create more seating
Build a proper inside bar area
Enhance the outside courtyard
No more space for competition to open nearby

Threats?

A strong manager should be in place or the owner is key to the success of the business.

What is the reason for the sale?

The current owner was the previous silent partner and unforeseen circumstances forced this owner to do a hands-on intervention in the business. The owner's other business obligations do not support a split focus.
Location

Contact | Enquire

Deon

Deon van Tonder

LocationSouth Africa, Gauteng

Preferred method of contact

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