How are the clients attracted to the business?
This is a remarkable venue - well-know to many
The establishment is the ideal venue for corporate functions, holiday parties or social events.
This include :
Birthday
Bachelors/ Bachelorettes
Engagement party
End-year function
Seminars/ Workshops
Bridal shower
Anniversary fundraiser
Movie premiere party
Product Launch
Album Launch
Photoshoots/ Interviews
Fashion Shows

What Advertising/Marketing is carried out?
The business is very active on social media platforms - 45000 followers
There are weekly and daily specials on drinks - best is town !
Preforming DJs will make your lounging experience unforgettable

UNTAPPED MARKETING STRATEGIES:
Press Releases
Product Activations and Promotions (@ Suppliers Cost) Busy Corner Mall Outdoor Digital Billboard
Bulk SMS Portal –SMS advertising (19000 existing client database & growing)
Street Posters – Local and surrounding areas Radio Station Advertising
Local Newspaper Advertising

Does the business have any contract work?
No

What competition exists?
Few competitors in the area

What are the seasonal trends?
None

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
Yes

What percentage of the business is cash/credit?
35% cash
65% card

How could the profitability of the business be improved?
Introducing Headline DJs
Supplier sponsorships which are currently none existent due to bad relationships with current owner

Is Seller finance available and for what amount?
None

What is the total staff complement?
52

Give a breakdown of staff/ functions/ length of service?
MANAGEMENT & OFFICE STAFF
1 x Office Manager / HR
1 x General Manager
GENERAL FRONT OF HOUSE STAFF
3 x Floor Supervisor
1 x Marketing Assistant
5 x Barmen
18 x Waitrons
12 x General Assistants / Cleaners
2 x Kitchen Coordinators
8 x Kitchen staff (±180 hours per month)
4 x Cashiers
4 x Grillers

Do any receive special perks or incentives?
No

Are they on contract?
Permanent employees

Do any have management potential?
Yes

How involved is the Owner in running the business?
Payment of suppliers and overall overseeing the business

When does the current lease end?
Feb 2025

Is there an option of renewal & what period?
Yes. 5 years

What is the annual escalation %?
8%

What are the trading hours?
Monday-Wednesday
12:00 Noon – 00:00 AM
Thursday-Sunday
12:00 Noon – 02:00 AM

Is a copy of the lease available?
Yes

Do you require a licence?
Current liquor license in place.
Transferable

What lease deposit and/or other surety is required?
Rental Deposit R248 920.00

Describe the premises
The establishment occupies two levels in a prime position within the busy Corner Mall
The upper level enjoys sweeping views , with mesmerising night-time vistas of the area’s twinkling city lights for miles around.
Total area 750m2
It is fitted with an inverter system and CCTV Cameras.

What are the main assets of the business?
High quality furniture and equipment associated with the industry
Furniture & Fixtures Intangible Assets
Kitchen and Bar Equipment Office Equipment & Point of Sale Camera & Security Systems Health & Safety Systems
Sound & Visual Equipment

Are any items not included in the sale?
Trading stock IS NOT INCLUDED in the selling price
Bar and kitchen stock @ R500 000.00 (Retail value – R1 250 000.00)

What is their overall condition?
Excellent

Do any require repairing?
No

Which assets are on lease/HP and with whom?
None

What are their settlement amounts?
No

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
N/A

Strengths?
Prime location – Busiest intersection in the area. Easily accessible from Sandton, Waterfall, Midrand
Security – Situated in a safe & secure shopping mall (Busy Corner Mall) Secure parking
High traffic in mall with great tenant mix
Busy Corner Mall Digital Billboard on the premises – reaches three million cars per month. Large venue (750m²) – Can accommodate up to 400 guests seated and standing
Three Bar areas
Spacious balconies Magnificent views
Aesthetics of the venue – (Sandton look and feel) Multiple VIP areas – attract upmarket clientele Efficient management team & trained staff Diverse a la carte menu
Large storage and coldroom areas

Opportunities?
a) Invitations to high-profile businessmen or political figures will increase turnover.
b) Hosting of Top Headliner DJ’s and influencers. Granite is yet to host well-known artists & influencers.
c) Free stock & merchandise from suppliers (Not received to date) Supplier Activations and Promotions
d) Additional revenue stream - Suppliers to purchase branding space in the business. Multiple saleable areas in the venue available.
e) Supplier offers - Contracts are to be renewed and re-negotiated every 12-to-24-months.

What is the reason for the sale?
Emigration to the UK
Residence has been sold.
Awaiting sale of business

Why is this a good business?
Upper class dining and entertainment
Preferred daytime and after-hours destination
Excellent Google reviews
Granite is an independently owned business - no monthly franchise fees. Excellent Profit Margins – 60% (ie: food cost @ 40%)
New equipment. Renovations not needed
Quality Furniture and Sound Equipment
Beautiful design concept and layout
New business teething problems resolved.
Risks accompanying a new business regarding uncertainty of success and profitability are not a concern.
Favourable lease agreement.
Invertor system installed

Marketing and video links
Contact your broker for more detail

Deal structure & timing
The business will be sold as a "" Going Concern ""
The buyer should be VAT registered to benefit from a 0% VAT transaction
The seller need to conclude the deal early in 2024