Franchised Steak House In Edenvale For Sale

Business description

1. History Background
Fully describe the business's activities Franchised Dros pub and restaurant
How long has the business been 12 years
established
How long has the owner had the 12 years
business
What steps are in place to solve "load Generator
shedding" problems
2. Present Market
This Dros is very well known in the area and has regular clientele, venue
facilties, and very popular for sporting event viewing.
How does the business operate on a
daily basis
How are the clients attracted to the Walk in, word and mouth and regular clientle
business
What Advertising/Marketing is carried Adverts in local press as well as regular specials promoted
out
Does the business have any contract No thebusiness does not
work
What competition exists Various restaurants and pubs within a 5km area
What are the seasonal trends Sporting events eg rugby , cricket, sevens etc
3. Financial
Is the business VAT Registered Yes
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3. Financial
What VAT documentation is on file. Vat returns
Are there up-to-date Management Yes - available for serious buyers
Accounts available
What Balance Sheet and Income Will be available to serious buyers
Statements are available
What percentage of of the business is Cash and credit cards only
cash/credit
Large venue room which holds up to 200 people. More advertising of these
facilities
How could the profitability of the
business be improved
4. Staffing
What is the total staff complement 27
Staff includes 4 managers. The reaminded work in the kitchen, bar and
cleaning staff
Give a breakdown of
staff/functions/length of service
Are they on contract Yes
Do any have management potential Yes. The existing 4 managers
How involved is the Owner in running One shareholder on a fulltime basis
the business
5. Premises
When does the current lease end Can be negotiated
Is there an option of renewal & what Yes
period
What is the annual escalation % 8%
What are the trading hours 10am till late Monday to Sunday
What is the square meterage of the 1000 sq m
business
Is a copy of the lease available Yes
Do you require a licence Yes a lquor Liquor Licence that will be transferred
6. Assets
Is a full asset list on file Yes
Are any items not included in the sale No
What is their overall condition Good
Do any require repairing No
How have they been valued. Established Costs
Which assets are on lease/HP and with Nil
whom
Are they presently insured Yes
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7. S.W.O.T. Analysis
This Dros was established 12 years ago and is well known in the area. Plenty
Strengths parking available. Has a large safe kiddies area indoor and outdoor.
Weaknesses None perceived
Opportunities More advertising and an introduction of live entertainment.
Threats Nil
8. Reason For Sale
What is the reason for the sale Client has other different franchises and the Dros does not fit in with its profile.
9. Conclusion
Cash business. Well known popular franchise which has been established 12
Why is this a good business years. Asset value of business substantially higher than selling price.
What is the price plus stock and the net Selling price R2 000 000. Net profit R60 000 pm

Other information

Furniture / Fixtures value:

R3,000,000 (included in the asking price)

Inventory / Stock value:

R100,000 (included in the asking price)