History and Overview Of The Business
|
| Fully describe the business's activities |
Family Restaurant |
| When was the business established? |
7 years |
| How long has the owner had the business? |
7 years |
How Does The Business Operate
|
| How does the business operate on a daily basis |
Unless for special functions, restaurant open and prepares food fresh to order. |
| How are the clients attracted to the business? |
Reputation, positive web comments, excellent value for money, service and environment. |
| What Advertising/Marketing is carried out? |
Social Media, print and word of mouth. |
| Does the business have any contract work? |
No |
| What competition exists? |
Very little in this market, in this area |
| Seasonal Trends? |
As a predominantly outdoor venue, winter is busier at lunchtime, whilst in the warmer months the evening dinner trade is busiest. |
Financial Information
|
| Vat Registered? |
No |
| Management Accounts? |
Yes |
| Audited Financials? |
To date |
| What as Cash/Credit Split? |
5% cash 95% credit card |
| How can you improve the profitability? |
New ideas from fresh management/ownership |
| Is Seller Finance available and if so what is it? |
No |
Staffing Of the Business
|
| What is the total number of Staff? |
23 Staff. 13 full-time and 10 casuals |
| Staff Breakdown |
Full time employees in management, kitchen and bar. Casuals as waitrons. |
| Staff Special Perks and Bonuses? |
Waiters receive commission Staff meals |
| Are the staff on Contract? |
Yes |
| Does any of the staff have management potential? |
Yes - two mangers employed |
| How involved is the Owner in running the business? |
Owner is involved in training and overall management |
Premises Of the Business
|
| When Does the Current Lease ends? |
End 2018 |
| Is there an option to renew? |
Yes for 1 - 5 years negotiable |
| What is the annual escalation % |
7.5% |
| What are the Trading Hours? |
Mon 10 am to 5 pm Tue - Fri 10 am to 10 pm Sat 9 am to 10 pm Sun 8 am - 5 pm |
| Do You require a license? |
New owner would need to transfer liquor licence and obtain trading licence |
Assets Of The Business
|
| Full Asset List available? |
All kitchen and restaurant equipment, furniture, fridges, etc. Built-in wood fired pizza oven on premises. |
| Anything not included in the sale? |
No |
| What is condition of the assets |
Well kept. |
| Any Assets on Lease/HP that Buyer needs to take over? |
None |
| Are they insured at the moment? |
Yes |
SWOT Of The Business
|
| STRENGHTS |
Venue and location Reputation Foo, service and atmosphere |
| WEAKNESSES |
Majority of seating is outdoors, making for limited indoor seating during winter evenings |
| OPPORTUNITIES |
Menus can always be added to with new ideas or new owner's speciality dishes. Currently used for weddings, kids parties, functions and this could be increased to improve turnover and profits. |
| THREATS |
None |
Summary
|
| Why is this a good business |
Great venue with ambiance. Established for seven years with good reputation Good food at reasonable prices |
| Why is the owner selling it? |
New opportunities |