Ref. No - BFS00174
South Africa, Western CapeRef. No - BFS00174
Sector - Food
Summary
The existing owner of the business saw the need to open a fish and chips shop in this seaside resort in the Overberg area
He has built this business up over a couple of years and thus has a dedicated client following- due to the Cape winters (cold and rain), it is important to have local clients to support you in the winter
This seaside town receives a huge influx of people (both owners of holiday homes, weekend visitors and tourists) during school holidays where the turnover increases accordingly
The owner is involved with other businesses (including supplying of mortar to building sites), and cannot give full attention to all his businesses
The owner has 1 employee working in this business which is fully trained in preparing orders
Potential in expansion lies in deliveries/selling frozen fish products/ice cream machine etc
The assets that are in the shop are all in good working order so a new owner can just walk in and continue with the business
The rental is only R7,000 pm and the staff costs R5,000
Give me more informationHow long has the business been established?
2 years
Is the business VAT Registered?
No
Average annual turnover R1 million
Average COS 55%
Average GP 45%
Average NP (EBITDA) R360,000 per annum
Selling price
R400,000 incl stock
How many employees?
1
How involved is the Owner in running the business?
On a daily basis
Is there an option of renewal & what period?
Yes
What are the main assets of the business?
An asset list can be supplied
What is the reason for the sale?
The owner has other business interests
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