Well Positioned Restaurant Opportunity,Restaurant For Sale,Coffee Shop For Sale,Pretoria East Business For Sale
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Well Positioned Restaurant Opportunity
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Business For Sale

BUSINESS FOR SALE OVERVIEW

A well-positioned small coffee shop opportunity is available in an upmarket small shopping centre on a very busy corner inCoffee Shop For Sale Brooklyn. Established in 2007 the shop has lost focus and drive. It needs a fresh pair of hands and some energy. With some adjustment in food cost and staffing it will be back into making profit. Add a new flair, touch and some identity to differentiate it from its neighbours and tap into the shoppers already there.

Fitment Centre For SaleSELLING DETAILS

Selling Price

290,000

Turnover pm

141,011

Stock

5,000

Profit pm

0

Total Asking Price

295,000

Net Assets Incl.

216,000





Pretoria Business For Sale


MANDATE REPORT

1. History Background

Fully describe the business's activities

This coffee shop focuses on the day trade at a very busy landmark spot.  The spot has a busy supermarket various other shops, and some restaurants.  One is very busy during the day and the other at night.  The business doesn’t leverage off this effectively, although it is the oldest of the three establishments.  The area is high income and has some upmarket offices around as well.  They also do catering and home cook meals to a degree for some of these clients mixing this with a coffee shop and bistro.  With the right mix, character and touch it will flourish.  Can you bring that to the table?

How long has the business been established?

7 Years

How long has the owner had the business?

6 years.

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, promotions, catering and a lot of passing trade in the area.  Also mothers drop their children at the primary school in the mornings and stop for a breakfast.  So does some of the business people in the area.

What Advertising/Marketing is carried out

Offer home cooked meals to patrons. Also catering, as a lot of business people eat there over lunch or during breakfast.

Does the business have any contract work

No contracts, but regular clients gets catered for. Ie Platters for meetings etc.

What competition exists

Normal competition

What are the seasonal trends

Quite during December holidays, and other holidays also quieter.  Rest of the year is pretty flat.

3. Financial

Is the business VAT Registered

Yes

What VAT documentation is on file?

N/A.

Are there up to date management accounts?

Yes

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

May 2013. Management accounts available which reflects the current lower turnover and income and expenses more accurately

What percentage of the business is cash/credit?

Cash or C/C

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

N/A

How could the profitability of the business be improved?

Increase sales, reduce expenses and bring food cost into industry lines

Is Seller finance available and for what amount?

No

4. Staffing

What is the total staff complement?

8 permanent staff and pool of 6 waiters.

Staff Breakdown and length of service

Kitchen 7, Bar 1, waiters 6

Do any receive special perks, bonuses or incentives?

N/A

Are they on contract?

8 permanent staff yes

Do any have management potential?

1 staff member acts as manager and locks, unlocks if the owner are not there.

How involved  is the Owner in running the business

Owners operated currently.

5. Premises

When does the current lease end?

June 2015.

Is there an option of renewal & what period

What is the annual escalation %?

What are the trading hours?

Mon – Fri 07:30-20:00        Public Holidays 09:00-14:00

Sat 09:00 – 17:00

Sundays - Closed

What is the square meterage of the business?

81m2 +40m2 outside

54 Seater Venue

Is a copy of the lease available?

Yes

Do you require a licence?

Yes, liquor licence and its valid until Oct 2013, when it will be renewed for 12 months.

6. Assets

Is a full asset list on file?

Yes

Are any items not included in the sale?

The business entity has a vehicle in it not for sale, not on asset list either

What is their overall condition?

Good.

Do any require repairing?

No

How have they been valued?

Replacement

Which assets are on lease/HP and with whom?

None

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?

Yes.  The current owners also have special public liability insurance.

7. S.W.O.T. Analysis

Strengths

Nice position.

Weaknesses

A bit small

Opportunities

Change the concept to differentiate from the others, carve your niche for the patrons.

Threats

None perceived

8. Reason For Sale

What is the reason for the sale?

Lifestyle change for the owner with small child.

9. Conclusion

Why is this a good business to buy?

An opportunity to enter at the bottom and grow the business.



 

Coffee Shop For Sale,Restaurant For Sale,Restaurant Opportunity For Sale,Pretoria East Business For Sale

Reference - R131008
 


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