How does the business operate on a daily basis?
As a sit down or takeaway restaurant and cafe, operating from 08:00 to 17:00, 7 days a week

How are the clients attracted to the business?
Word of mouth, social media, walk in customers

What Advertising/Marketing is carried out?
Social media - Facebook/ Instagram and collaborating

Does the business have any contract work?
Supplies a couple of retail outlets with fresh wraps twice weekly

What competition exists?
Other coffee shops/ cafe's in location 1

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All VAT compliant

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

What Balance Sheet and Income Statements are available?
All pertaining to the business

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

How could the profitability of the business be improved?
Liquor licence and opening at night

What is the total staff complement?
25

Give a breakdown of staff/ functions/ length of service?
8 long term staff (11 years)
17 medium term staff (4-7 years)

Are they on contract?
Yes

Do any have management potential?
Yes, the General Manager and two assistants

How involved is the Owner in running the business?
Daily between the two stores

Do they have signed employment contracts?
Yes

When does the current lease end?
Location 1 - May 2030
Location 2 - May 2027

Is there an option of renewal & what period?
Location 1 - Not as yet, new landlord says he should be able to renew for +- 10 years
Location 2 - Yes, open to 3 to 5 years

What are the trading hours?
08:00 to 17:00, 7 days a week

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
Yes - 1 month for both stores
Yes - for lease agreement

What are the main assets of the business?
Hospitality equipment

Are any items not included in the sale?
VW Caddy
SMEG Oven
Office computer

What is their overall condition?
Good working condition

Do any require repairing?
Not currently, except for 8kva generator

How have they been valued ?
2nd hand value

Which assets are on lease/HP and with whom?
GAAP - Point of Sale system / back office

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Is a full asset list on file?
Yes

Strengths?
Strong team of staff - trained
Great community support

Weaknesses?
No liquor licence

Opportunities?
Night trading

Threats?
Electricity/ water outages = national issues

What is the reason for the sale?
Medical and change of lifestyle

Why is this a good business?
A trusted name for quality food and service