How does the business operate on a daily basis?
Manager run on the ground.
Overseen by owners.

How are the clients attracted to the business?
Location on the tourist strip. Marketing, advertising and foot traffic from other businesses on the property.

What Advertising/Marketing is carried out?
Social media, word of mouth, local newspaper/magazine, business directory.

Does the business have any contract work?
Weekly pizza's to local pre primary school approximately R1,200 per week.

What competition exists?
Other restaurants in the area.

What are the seasonal trends?
Extremely busy during school holidays, weekends and public holidays.

Is the business VAT Registered?
The Holding company is VAT registered - the restaurant is a division

What VAT documentation is on file?
The Holding company has VAT documentation on file - the restaurant is a division

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

What Balance Sheet and Income Statements are available?
To date

What percentage of the business is cash/credit?
No accounts are held by customers and creditors are settled weekly.

How could the profitability of the business be improved?
More marketing - better marketing.
Slightly longer opening hours.

What is the total staff complement?
30

Give a breakdown of staff/ functions/ length of service?
Back of house (Kitchen) mostly 4 years plus.
Front of house mostly 2 years plus.

Do any receive special perks or incentives?
Tips are paid daily to staff.

Do any have management potential?
Yes

How involved is the Owner in running the business?
Remotely

Do they have signed employment contracts?
Yes

When does the current lease end?
Seller is the landlord.

What are the trading hours?
07:30 to 16:00 - 7 days a week.

What is the square meters of the business?
Covered Bottom Floor: 483sqm
Outside Deck: 92sqm
Separate bottom deck to be advised
40 tables
160 seats

Is a copy of the lease available?
Seller is the landlord.

Do you require a licence?
All licensing is held by landlord - liquor Licence, Business Licence and Labour.

What are the main assets of the business?
Fully equipped - everything needed to run a restaurant

What is their overall condition?
Good - Well serviced

Do any require repairing?
No

How have they been valued ?
50% of purchase value.

Which assets are on lease/HP and with whom?
Point of Sale system on contract with Gaap.

Are they presently insured?
Yes

Strengths?
Excellent location
Exceptionally well trained staff
Award winning restaurant
Full comprehensive menu with all recipes
Fully licensed and well maintained
Many repeat customers

Weaknesses?
Current owners run a bigger business and do not have the capacity to keep running the restaurant at the rate it has and is growing.

Opportunities?
More Marketing
Better Marketing
Slightly extended opening hours

Threats?
New restaurants in area, this also increases foot traffic in area which is a positive.
Roadworks affected the business hugely but they are now near completion.

What is the reason for the sale?
Owners run a bigger business and don't have the capacity to keep running the restaurant at the rate that it has and is growing.

Why is this a good business?
This is a restaurant with solid foundations.
Well trained, long standing staff that run the restaurant currently with guidance from the owners.
It has an excellent name and reviews.
Lovely and easily accessible location.
It is a restaurant to be proud of on many levels.