Ref. No - BFS936470

LocationSouth Africa, Gauteng

Ref. No - BFS936470

Sector - Food

Asking Price
R6,450,000
Monthly Profit
R233,148
Asset Value
R 1,067,000
Stock Value
R 100,000
Yearly Net Profit
R 2,797,770

Summary

Street food diner and take-away.

Give me more information

Fully describe the business's activities?

The restaurant operates as both a sit-down and a takeaway
“Greek Street food done right.”

How does the business operate on a daily basis?

A space that breathes memorable experiences with food that is simple & wholesome, surrounded by people who are entrenched in their beliefs.
Open Shop
Set up shop
Set up Kitchen
They deal with deliveries and orders
Await the Business of the day
Continues cleaning

What Advertising/Marketing is carried out?

Face book
Instagram
Inhouse advertising
Street Signage

What competition exists?

Competition as per restaurants that have opened in the vicinity

How could the profitability of the business be improved?

A revamp has been done

Give a breakdown of staff/ functions/ length of service?

1x Manager
3x Grillers
1x Sculler
3x Salad preparers
8x Serving Staff (To are trained as junior managers)

Do any have management potential?

All management positions are filled. Managers assist the owner and can handle most issues.Managers are currently trained to handle functions.

How involved is the Owner in running the business?

The owner is involved on a daily basis, checking variances, cash-ups, orders, and more. He’s always at the shop during peak hours.

When does the current lease end?

Good for next 5 years

What are the trading hours?

10:30 am to 9:30 pm All days

What are the main assets of the business?

Equipment Furniture and generator

Strengths?

Well established
Embedded culture of dining and enjoying quality street food in an authentic ambiance
Beautiful outside courtyard
The business has transformed into a function venue where 18th, 21st, and 50th birthday parties have become a regular occurrence.

Weaknesses?

Normal economic pressure as experienced by all South Africans

Opportunities?

Create more seating
Build a proper inside bar area
Enhance the outside courtyard
No more space for competition to open nearby

Threats?

Having a strong manager or an actively involved owner is crucial to this business’s success, with the owner’s input being essential.

What is the reason for the sale?

The owner's other business obligations do not support a split focus.
Location

Contact | Enquire

Deon

Deon van Tonder

LocationSouth Africa, Gauteng

Preferred method of contact

Logo
Access to the number one business broking tool to get your business sold.
We've got you covered!

We offer an innovative and intuitive

solution for selling your business, franchise and premises

Promote

Promote

your business for sale

Advertise

Reach

the right audience

Gain

Gain

more exposure

Sign up for our Sellers' Portal Affordable monthly packages
Man

Knowledge Bank

Get the latest information, valuable tips and share in the professional knowledge of business experts on selling or buying a business

Buyers

Franchisor and Franchisee Relationship: A Breakdown

The relationship between a franchisor and a franchisee is probably one of the most important aspects

E-commerce Business for Sale: The Benefits

Whether you’re looking into buying an e-commerce business for sale because you’re passionate abo

Buying a Manufacturing Business for Sale

There are several good reasons why a manufacturer or an entrepreneur might be considering buying ano

Sellers

Unlocking Opportunities: Selling Kindergarten, Pre-School and Early Childhood Development Centre Franchises Online with Business for Sale

We're excited to announce our latest endeavour aimed at fostering growth and expansion in the early

Empowering Franchisors: A Refined Approach for Exponential Sales Growth

Empowering Franchisors: A Refined Approach for Exponential Sales Growth

6 Steps To Selling A Small Business In South Africa.

6 Steps To Selling A Small Business In South Africa.