How does the business operate on a daily basis?
The manager and staff open the restaurant just before trading hours to ensure the restaurant is clean and stock levels are checked
The restaurant is stocked with fresh products that are soured locally
The kitchen staff is preparing meals on order

How are the clients attracted to the business?
The business is located at the entrance of a mall - hi-volume foot traffic
The look of the restaurant is unique , trendy , colorful and modern
Menus , combos and specials are displayed

What Advertising/Marketing is carried out?
Mall Facebook page/ Pamphlets

What competition exists?
The business is successfully competing in the same segment with businesses like Chesa Nyama , Galito's Zebro's and Hungry Lion - there is a Hungry Lion in the mall at present

What are the seasonal trends?
Festive seasons are extremely busy due to locals returning to the area from their out of town workplaces. Also other holiday times like Easter and school holidays are very busy due to the influx of people

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Monthly sales reports will be available

What percentage of the business is cash/credit?
This is a "cash / card only " business

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
If the option of buying the franchise group is considered - the economics of scale will benefit the business
Constant reviewing of the input cost is important
Marketing and sales should be focused around the hi-profit product lines

Is Seller finance available and for what amount?
Seller finance will NOT be an option - but the seller will be available for hand-over and advise

What is the total staff complement?
Manager - plus 6 staff members that is working on a rotation basis

Do any receive special perks or incentives?
The manager is getting a monthly performance bonus when applicable

Do any have management potential?
The manager is in charge of most of the operational functions

How involved is the Owner in running the business?
The seller is only overseeing the business by means of daily reports or occasional visits
He will also control the financial reports and advise with purchasing and marketing

When does the current lease end?
The lease agreement is signed until 2027

What is the annual escalation %?
7%

What are the trading hours?
The Restaurants need to comply with Mall Hours
Mondays to Saturdays 9 to 18h
Sundays from 9 to 15h

What is the square meters of the business?
Inside 128m2, outside 35m2

What lease deposit and/or other surety is required?
a Deposit as surety is required by the Landlord

What are the main assets of the business?
Equipment / software and furniture associated with a sit-in fast food restaurant
Asset list is available

Are any items not included in the sale?
There are a few fittings in the kitchen area that is the property of the Landlord
( this will be specified )

What is their overall condition?
The assets are in good condition

How have they been valued ?
Valued at R 385 000 by the Seller

Which assets are on lease/HP and with whom?
No , everything is paid for

Strengths?
An affordable sit-in fast food restaurant that can compete with well know competitors
Good quality ""home cooked "" menu and very affordable prices
Trendy and vibrant atmosphere
Very low setup costs
Zero franchise fees / royalties when bought as a non franchise running concern

Weaknesses?
It is a challenge to proof your uniqueness in a competitive marketplace
Consumer expendable income reducing

Opportunities?
Deliveries
The menu is flexible - can be adjusted to fit the specific market

Threats?
Community unrest/Violence

What is the reason for the sale?
There was a breakdown in partnership - thus the sale

Why is this a good business?
Affordable opportunity to get into the market with a concept that differentiate itself for the competition

What is the price plus stock and the profit?
Selling price @ R 280 000
( including start-up stock of about R 20 000 )