Business For Sale,Businesses For Sale,Sports Bar,Nightclub,Gambling,Pool Tables,Gauteng Business For Sale
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Profitable Popular Sports Bar and Nightclub
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Popular profitable Manager run Sports Bar and Nightclub in the CBD with a very loyal customer base of regular clients. The owner performs a business oversight function but a new owner could be more involved if they wish. Being licensed for Gambling machines as well as Pool tables is also a big draw card for the clients.

BUSINESS SELLING DETAILS

  Selling Price     3,250,000   Turn Over Per Month     814,449 
  Stock Included 225,000    Profit Per Month 135,551
  Assets Included  313,000   R.O.I %  55%
  Total Price   3,250,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Popular, upmarket Sports bar/Nightclub with a loyal regular customer base and is manager run. Business activities include revenue from gambling machines and pool tables. The business is very well supported by the various liquor companies.

Just the revenue from the gambling machines is sufficient to cover the monthly rent of the business!
When was the business established? Since 2005
How long has the owner had the business? Since 2005
 How Does The Business Operate
How does the business operate on a daily basis The business is manager and staff run with owner oversight
How are the clients attracted to the business? Outside marketing with posters and Corex boards
Word of mouth from very loyal regulars
Business has about 11,000 likes of Facebook
What Advertising/Marketing is carried out? Online (Social media)
Flyers once a month
Posters twice a month
Does the business have any contract work? No
What competition exists? Being in the CBD, there are "small" taverns around but this business is more upmarket
Seasonal Trends? Peaks during May, June and July, with December and January being quieter
 Financial Information
Vat Registered? Yes
Vat Documentation on File? All the returns are on file
Management Accounts?  Yes
Audited Financials? All
What as Cash/Credit Split? 70% Cash (this is banked)
30% Card
Debtors Book Age Analisys None
How can you improve the profitability? Run aggressive specials (rush hours) to draw feet
Host Big Artists per month (Events)
 Is Seller Finance available and if so what is it? No
   Staffing Of the Business
What is the total number of Staff? 21
Staff Breakdown 3 x Managers
5 x Barman
5 x Bouncers
6 x Cleaners
1 x Admin
Staff Special Perks and Bonuses? Yes the managers receive target bonus incentives for performance
Are the staff on Contract? Yes all staff are
Does any of the staff have management potential? Managers already in place
How involved is the Owner in running the business? There is daily oversight by the owners
  Premises Of the Business
When Does the Current Lease ends? In 3 years time
Is there an option to renew? Yes
What is the annual escalation % 8%
What are the Trading Hours? 11:00 - 02:00 Seven Days a week
What is the square meters? 564m²
Is a copy of the lease available? Yes
Do You require a license? Yes, Liquor, Trading, Gambling, Gas Certificates, etc.
 Assets Of The Business
Full Asset List available? Seller will supply a asset list but basically all the equipment and furnishings in the business
 Anything not included in the sale? All included as per the asset register
 What is condition of the assets Very Good, ongoing repairs and maintenance is performed
 Any Assets on Lease/HP that Buyer needs to take over? Buyer to take over POS rental
 Are they insured at the moment? Business is insured
  SWOT Of The Business
 STRENGHTS Strong regulars
Great location
Strong supplier support
Strong marketing
 WEAKNESSES None
 OPPORTUNITIES Expansion on gambling license to house more than 5 machines
 THREATS Small taverns (competition)
 Summary
Why is the owner selling it? Owner has bought a new property and wants to get away from leasing property


Business For Sale,Businesses For Sale,Sports Bar,Nightclub,Gambling,Pool Tables,Gauteng Business For Sale

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have viewed this page since 8 Aug 2018