Ref. No - BFS936470
South Africa, GautengRef. No - BFS936470
Sector - Food
Asking Price
R6,450,000
Monthly Profit
R233,148
Asset Value
R 1,067,000
Stock Value
R 100,000
Yearly Net Profit
R 2,797,770
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
What competition exists?
Competition as per restaurants that have opened in the vicinity
How could the profitability of the business be improved?
A revamp has been done
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?
All management positions are filled. Managers assist the owner and can handle most issues.Managers are currently trained to handle functions.
How involved is the Owner in running the business?
The owner is involved on a daily basis, checking variances, cash-ups, orders, and more. He’s always at the shop during peak hours.
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
The business has transformed into a function venue where 18th, 21st, and 50th birthday parties have become a regular occurrence.
Embedded culture of dining and enjoying quality street food in an authentic ambiance
Beautiful outside courtyard
The business has transformed into a function venue where 18th, 21st, and 50th birthday parties have become a regular occurrence.
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?
Having a strong manager or an actively involved owner is crucial to this business’s success, with the owner’s input being essential.
What is the reason for the sale?
The owner's other business obligations do not support a split focus.
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