Sector - Food
Business is situated in a strip mall and sells fast food for take-away, deliveries or it can be consumed on the premises in the restaurant. Bulk of the revenue is take-aways and deliveriesGive me more information
Fully describe the business's activities?
Business is situated in a strip mall and sells fast food for take-away, deliveries or it can be consumed on the premises in the restaurant
How does the business operate on a daily basis?
Customers walk in and order and take away or eat on the premises. They also have motorbikes for deliveries when people phone in orders
What Advertising/Marketing is carried out?
Outside the store with signage and posters as well as regular Facebook updates and other restaurant websites
What competition exists?
There are other takeaways in the area but this is unique that they offer a la carte and gourmet fast food. The business is known for their quality and freshness
How could the profitability of the business be improved?
Offer deliveries further away than 5km
Run more specials during the week
Give a breakdown of staff/ functions/ length of service?
6 kitchen staff that rotate duties
3 bike delivery staff
Casuals are employed as and when required
Do any have management potential?
Yes, there is a manager currently in place
How involved is the Owner in running the business?
Owner goes to the store on a daily basis
When does the current lease end?
What are the trading hours?
Monday to Thursday and Saturday 8am to 8pm
Friday 8am to 8:30pm,
Sunday 8am to 2pm
What are the main assets of the business?
Kitchen equipment for eg. 2 grillers, fridges, 3 chip fryers, cold room, cappuccino machine, baim marine, oven/steamer etc
3 delivery bikes
Well known brand Been around for 8 years in current location
Ease of access to business
Long hours, open 7 days a week
More advertising and promotions in industrial areas
Higher input costs due to economic downturn, for eg cooking oil
What is the reason for the sale?
Seller pursuing a different venture
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