Franchised Steak House And Restaurant For Sale

Business description

Present Market
How does the business operate on a daily basis? Open 7 days a week to families and children, students,businessmen,sportsmen and women .
How are the clients attracted to the business? Good franchise food specials-very good quality and value.Entirely refurbished with an excellent bar and smoking areas.Very popular with Sport enthusiasts and families alike.Well established and renowned.
What Advertising/Marketing is carried out? Franchise TV and in-store advertising
What competition exists? None nearby offering the vast menue and bar facilities
Financial
Is the business VAT Registered? Yes
Are there up-to-date Management Accounts available? Yes
What Balance Sheet and Income Statements are available? The last 2 years managements accounts and financials year end Feb
What percentage of of the business is cash/credit? 40% cash,60% credit
How could the profitability of the business be improved? Wider advertising of food and bar specials.One-man band entertainment which attracts patrons and increases food consumption.Advertising at the nearby sports grounds.
Is Seller finance available and for what amount? No
Staffing
Are they on contract? Yes
Do any have management potential? Possibly-needs to be discussed with the current owner
How involved is the Owner in running the business? Fairly extensive involvment 7 days per week
Premises
When does the current lease end? May 2012
Is there an option of renewal & what period? Yes,for another 5 years
What is the annual escalation %? 9%
What are the trading hours? 08h00-late Monday to Sunday
What is the square meterage of the business?
Do you require a licence? Liquor licence
Assets
Is a full asset list on file? Yes
Are any items not included in the sale? No
What is their overall condition? Excellent,Premises and bar area recently refurbished.Ongoing repairs and maintenance
Do any require repairing? Not evident
How have they been valued. ? Yes,at cost
Are they presently insured? Yes
S.W.O.T. Analysis
Strengths? Well established franchise with ongoing repeat business.Very settled community and business patrons.Close to a prominent Sports facility.Prime location on a main through road with excellent visibility.Caters for students,businessmen,sportsmen,families,children
Weaknesses? Decreased spending with the econmic downturn

Please click on the Contact Seller button below for further information.

Property information

Real Estate:

Lease

Location:

Randburg

Premises details:

Own site with plenty safe parking

Other information

Furniture / Fixtures value:

R1,000,000 (included in the asking price)

Inventory / Stock value:

R100,000 (included in the asking price)