How does the business operate on a daily basis?
The restaurant is only open on Fridays and Saturdays from 6PM until the next morning at 6AM
The restaurant closes at 2AM , but patrons can still enjoy the dancefloor and bar until 6AM

How are the clients attracted to the business?
Word of mouth / Facebook / Instagram

Does the business have any contract work?
No

What competition exists?
There are only a few similar venues in the Johannesburg area
This restaurant is one of the only 4 that is operating under a 6AM licence

What are the seasonal trends?
Consistent with a spike in November/December

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All

Are there up-to-date Management Accounts available?
Yes - in detail
Note that this will only be shard with pre-qualified buyers

What Balance Sheet and Income Statements are available?
Note that this will only be shard with pre-qualified buyers

What percentage of the business is cash/credit?
100% cash

What is the age analysis of the debtors book?
95% is cash / card

How could the profitability of the business be improved?
With good management the profit can double.
Opening more nights

Is Seller finance available and for what amount?
Yes
70% deposit and terms over 12 months

What is the total staff complement?
60 odd

How involved is the Owner in running the business?
The current owner is very little involved in the running of the business -- this can be seen as either a strong or a weak point
He is focusing on strategic, control and marketing functions

When does the current lease end?
22 months with renewal for 5 years

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

What is the annual escalation %?
6

What is the square meters of the business?
600 odd

Is a copy of the lease available?
Yes

Do you require a licence?
Yes , the business is operating under a 6AM liquor licence that will be transferable

What lease deposit and/or other surety is required?
300K

What are the main assets of the business?
Leasehold improvements and equipment

Are any items not included in the sale?
No

What is their overall condition?
Good

Do any require repairing?
Continues small repairs and maintenance needed

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
Established brand, best location, low rent, no turnover clause , short weekly operating hours , unique setting , upmarket location

Weaknesses?
Better control measures will benefit the business
Continued innovation needed in this industry

Opportunities?
Open the Club during mid-week

Threats?
Business disruptions like COVID

What is the reason for the sale?
The seller is moving to Cape Town to start a new business venture

Why is this a good business?
If you knows or like this industry - you would understand that it offer exceptional returns with good management
The location is absolutely "" upmarket "'

take note : IMPORTANT REQUIRMENTS
According to mandating terms and on instruction of the seller - Aldes can ONLY share further details with buyers who can show proof of funds in the region of R 6 M

The Seller will NOT enter into any negotiations or terms with buyers who fail to provide "" proof of basic funding ""