Indian Fast Food Takeaway In Durban For Sale

Business description

Indian fast food takeaway (eat in or out) in nice premises, on busy intersection near a number of businesses (that have no other eating options). Additional income through chips, cokes etc. Growth potential coming off opening thereof 10 months ago. Selling for R340 000 incl assets and stock, netting some R203 000 pa. Will require manager/owner.

Stock is either on site or ordered in. Owner opens, while wife (cook at R3 500pm expense in financial's) prepares certain pre-known food sales and then as per order. Patrons in area and drive-by's come in from early morning to get breakfest, lunch, snacks, etc.

Management acc's are updated by owner every month, with written book to support computer analysis.
Turnover R720 000pa (projected) and growing, with GP at 56% and NP at 28% (which will improve with turnover growth which is happening and is expected). Owner takes home R17 000pm, while wife's salary of R3 500 as the cook is shown as an expense.

Property information

Real Estate:

Lease

Lease terms:

R5 100pm, with escalation at 10% pa, with lease expiring March 2014, extendable for 3 years.

Leasehold rent:

R61,200 per annum

Location:

Outskirts of Durban CBD, KZN, South Africa

Premises details:

90m2 of immaculate kitchen, shop, and seating area, on a busy road at a main intersection.
R5 100pm, with escalation at 10% pa, with lease expiring March 2014, extendable for 3 years.

Size in square feet:

90m2

Planning consent:

Health and Food Licence in place

Business Operation

Expansion potential:

Double turnover by marketing - Road sign to attract attention of passer-by's, street seller, deliveries, catering.

Competition / Market:

Other eateries are some 300m away and of a much lower standard.

Reasons for selling:

Owner has option to go into a bigger eatery business in an extremely busy area, allowing 6 times this establishments present turnover, using some of the money made from this business.

Trading hours:

6-15H00 Mon-Fri

Employees:

4 Including: Owner (takes all profits R17 000pm), wife (cook - R3 500pm salary shown as an expense) & 2 support staff help prepare stock and clean.

Years established:

1

Other information

Support & training:

Owner will assist in managment training, wife to cook, while assistants are trained already.

Furniture / Fixtures value:

R100,000 (included in the asking price)

Inventory / Stock value:

R2,000 (included in the asking price)