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Popular Restaurant in the Pretoria area
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Business For Sale


BUSINESS FOR SALE OVERVIEW


This is a very popular restaurant in the Pretoria area with a fantastic location which also caters for family's, especially over weekend ends with a great play areas for the kids. The grown ups are well looked after with fantastic menu options as well as a great wine selection. While there is a manager and a Sous chef, the owner is very involved


BUSINESS SELLING DETAILS

  Selling Price     1,995,000   Turn Over Per Month     282,358 
  Stock Included 85,000    Profit Per Month 81,015
  Assets Included  1,400,000   R.O.I %  49%
  Total Price   1,995,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  This is a top notch restaurant in a stunning location offering fine dining bistro experience.

The business also caters for functions, weddings, baby showers, kitchen teas and corporate events such as lunches, meetings, conferences, farewells and year end functions, all of which are very popular

A well stocked wine cellar with a fine selection is also available to the clients

While takeaways are also supported they are only a small portion of the business
When was the business established? More than than eight years
 How Does The Business Operate
How does the business operate on a daily basis The business is owner run with the help of a manager and sous chef
How are the clients attracted to the business? The restaurant has excellent ratings and a very active word of mouth network
What Advertising/Marketing is carried out? Marketing and advertising is mainly social media such as Facebook, etc. and then media such as billboards as well.
Does the business have any contract work? No, only functions of which there are normally between around four to five a week
What competition exists? Nothing in close proximity with the closet about 10km away
Seasonal Trends? It is quieter in Winter with the peak months being October, November and December
 Financial Information
Vat Registered? Yes
Vat Documentation on File? All available for due diligence
Management Accounts? Yes
Audited Financials? 2017 and 2018
What as Cash/Credit Split? ±15% is cash with the balance on card
Debtors Book Age Analisys They have ±3 regular customers that pay end of each month, but this is a small amount
How can you improve the profitability? Making sure that the chef keeps up with the trends
Additional advertising and marketing
 Is Seller Finance available and if so what is it? No, but as an alternative the seller may consider selling up to 45% to a potential buyer and staying in!
   Staffing Of the Business
What is the total number of Staff? Sixteen staff
Staff Breakdown 1 x Manager
1 x Function Co-ordinator (will also leave if 100% purchase)
5 x Waiters
9 x Kitchen staff
Staff Special Perks and Bonuses? Waiters are commission based
Are the staff on Contract? All except the waiters have employment contracts. waiters are commission only
Does any of the staff have management potential? Manager is already in place
How involved is the Owner in running the business? The owner is 100% involved in running the business
  Premises Of the Business
When Does the Current Lease ends? In 2021
Is there an option to renew? Yes and for five years
What is the annual escalation % 8%
What are the Trading Hours? Closed on Mondays
Open Tuesday through Sunday
What is the square meters? ±350m²
Is a copy of the lease available? Yes
Do You require a license? Normal for a restaurant, liquor license, Health certificate, Gas, Extractors, Entertainment, etc.
 Assets Of The Business
Full Asset List available? Seller will provide
 Anything not included in the sale? Private laptops
 What is condition of the assets Very good
 Any Assets on Lease/HP that Buyer needs to take over? None
 Are they insured at the moment? Yes
  SWOT Of The Business
 STRENGHTS Excellent reputation
Very well known and popular
Well trained and knowledgeable Staff
Functions held at the venue
The experience offered by the restaurant, food and venue
 WEAKNESSES Demand on the owners time
 OPPORTUNITIES Additional advertising and marketing
More functions
Drive lunches
 THREATS None
 Summary
Why is the owner selling it? Looking to relocate to the coast


Business For Sale,Businesses For Sale,Restaurant,Bistro,Wine,Cellar,Fine Dining,Gauteng Business For Sale

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have viewed this page since 19 August 2018