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 informationFully describe the business's activities?
The restaurant operates as both a sit-down and a takeaway
“Greek Street food done right.”
“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
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
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)
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
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
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.
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