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Restaurant Grill And Takeout Diner In Edenvale For Sale

Edenvale, Gauteng
Asking Price:
R3,300,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
R3,455,000
Net Profit:
R1,308,000

The business is remarkably well managed and caters to a wide range of clientele
location: edenvale
year established: 2004
number of employees: 14 plus the owner
hours of operation: 9:30 till 20:30
lease term: 5 years expires in august 2023
movable asset value: r470, 000
stock value: r 40,000
average monthly turnover: r 287, 000
average monthly expenses: r84, 000
average monthly net profit before tax: r109, 000
asking price: r 3,300,000 (excluding stock)
reason for selling: owner needs to attend to other business interests
4 the business
wonderfully positioned on a corner site with lit up neon sign
the premises are leased and both the cooking area and dining facilities are have been recently upgraded
licensed to serve liquor and a large tv screen is in place
the menu includes ribs - chicken - toasted sandwiches – burgers - pizzas
established in 2004 and has been an immediate success with a wide client base across most income groups
opens daily at 09:30 till 20:30
the business is so well organised and established to handle high sales volumes and
the working hours allow them to take full advantage of the client opportunities
large volumes of takeout orders and to open earlier would mean more business and attract breakfast diners and to start to do deliveries would vastly increase the dales.

There are no specific conditions of purchase, except that the buyer will need to pay a deposit and the balance due on the business purchase price to the seller after approving the due diligence process and by no later than the effective date.


5 the market
the business appeals to those clients who want good food at reasonable prices in a clean and welcoming atmosphere
the population in the area are a good target market
the location is ideal and easily accessed
more and more there is a growing demand for good food at good prices
6 income statement
audited financial statements and management accounts are on record
7 balance sheet items
these are all up to date

8 lease
the 5 year lease expires in august 2023 and the escalation is at 10 percent
9 staff
14 plus the owner

10 reasons for selling
the seller has other interests that require more effort

11 s.w.o.t
strengths
• perfect business model wide customer and food bases absolute management control weaknesses
• none except to keep up and to improve the food quality
opportunities
• to open earlier and attract the breakfast trade and to start to do deliveries threats
• none except to concentrate on being sure to keep up the standard
12
the business can grow with almost no new capital needed
13 conclusion
this is such a good and satisfying business opportunity
return on investment is 40%
payback period is 30 months
this business will suit a buyer with some knowledge of the industry and an interest in serving good food as well as the desire to benefit financially and to get the satisfaction from the effort

Property Information

Real Estate:

Lease

Location:

Edenvale

Premises Details:

Corner site in open street area

Business Operation

Expansion Potential:

To open earlier and take in the breakfast trade
Also to start to do deliveries

Competition / Market:

None to compare with what this one does

Trading hours:

09:30 till 20:30

Employees:
14 plus the owner
Years established:
15 years

Other Information

Support & training:

Yes from the owner

Furniture / Fixtures value:
R400,000 - included in the asking price
Inventory / Stock value:
R40,000 - included in the asking price

Contact Information

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