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Take Away In Industrial Area For Sale
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BUSINESS FOR SALE OVERVIEW


This Business is well positioned and serves a wide variety of clients, varying from Tradesmen to Corporate. With notTake Away For Sale much competition, situated in a busy Industrial area, parking and lots of potential to grow, it is the ideal one man show. This Take Away/Café is on a busy street in an Industrial/Residential area. Normal cafe and takeaway services and pavement braai-meat for customers. Sells assortment of goods, airtime.

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Fitment Centre For Sale

Selling Price

178,500

Turnover pm

35,000

Stock

10,000

Profit pm

10,000

Total Asking Price

178,500

Nett Assets Incl

100,000










MANDATE REPORT

1. History Background

Fully describe the business's activities

Take Away/Café on busy street in Industrial/Residential area. Normal cafe and takeaway services and pavement braai-meat for customers. Sells assortment of goods, airtime etc.

How long has the business been established?

10 years

How long has the owner had the business?

6 Months.

What steps are in place to solve "load shedding" problems

N/A

2. Present Market

How does the business operate on  a daily basis

Owner operated

How are the clients attracted to the business

Word of mouth, walk-in customers and well known in area.

What Advertising/Marketing is carried out

None

Does the business have any contract work

No.

What competition exists

Some in the area

What are the seasonal trends

None known of

3. Financial

Is the business VAT Registered

No

What VAT documentation is on file?

N/A

Are there up to date management accounts?

No, has not prepared any.

What audited financials are available, income statement and or balance sheets?

None. Due diligence will have to be done by prospective buyer.

What percentage of the business is cash/credit?

All cash

What is the age analysis of the debtor’s book?

N/A

How could the profitability of the business be improved?

 Business cash strapped and therefore under-stocked. New owner must stock up on sellable goods and promote same.

Is Seller finance available and for what amount?

No.

4. Staffing

What is the total staff complement?

2 staff members on payroll.

Staff Breakdown and length of service

2 Kitchen staff.

Do any receive special perks, bonuses or incentives?

No.

Are they on contract?

Permanent employees.

Do any have management potential?

No

How involved  is the Owner in running the business

Owner managed.

5. Premises

When does the current lease end?

A rent of R 5,600pm all inclusive.  Rent is 1 year, but new lease to be concluded with the landlord.  .

Is there an option of renewal & what period

Yes 3 years, but new lease to be arranged

What is the annual escalation %?

10% current, but new lease to be created

What are the trading hours?

Mon-Fri 07:00 -17:00,

 Sat 07:00 – 13:00

What is the square meterage of the business?

+-80m2

Is a copy of the lease available?

Yes

Do you require a licence?

No

6. Assets

Is a full asset list on file?

Not with owner

Are any items not included in the sale?

The Fan, KIC Fridge and Desk Chair is not included in the sale, and will be removed. The COKE Fridge and the airtime machine is on consignment.

What is their overall condition?

Good

Do any require repairing?

One fridge broken.

How have they been valued?

Fair market / Replacement value

Which assets are on lease/HP and with whom?

N / A

What are their settlement amounts?

N / A

Will Seller settle or Buyer to take over?

N / A

Are copies of agreements available?

N / A

Are they presently insured?

N/A

7. S.W.O.T. Analysis

Strengths

Although the current Owner has been there for a relative short period, the business was established many years ago, and is well supported with lots of potential.

Weaknesses

The business needs to be stocked up as vital sales are lost due to short supply.

Opportunities

Grow the client base, Short hours and not open on Sundays could be changed to draw more clients..

Threats

None identified

8. Reason For Sale

What is the reason for the sale?

The owner wants to follow other interests. Cash flow is also a challenge.

9. Conclusion

Why is this a good business to buy?

This is an ideal one man operation that could with a little effort, cash flow and marketing, be changed into a real money spinner.



 

Businesses For Sale,Business For Sale,Take Away For Sale,Fast Food For Sale,Pretoria Business For Sale

R130103
 

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