How does the business operate on a daily basis?
Daily from 10.00 to 21.00

How are the clients attracted to the business?
It is well located and visible in a well populated part of the Sun City complex. The popular franchised brand is well-known and is the only take-way that serves its niche market. The food is halaal and the business is halaal certified.

What Advertising/Marketing is carried out?
Hotel Drops

Does the business have any contract work?
No

What competition exists?
There are numerous other restaurants and take-aways within Sun City but none serve the business's niche market (which is large).

What are the seasonal trends?
The holiday periods and weekends are the busiest periods

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All the supporting VAT-related documentation is available

What Balance Sheet and Income Statements are available?
Annual financial statements as at 29 February 2024 are available

What percentage of the business is cash/credit?
Cash comprises 5% - 10% of sales, credit and debit cards comprise thebalance

How could the profitability of the business be improved?
Having a full-time hands-on presence and cutting costs

What franchise fees are payable?
An initial franchise fee is payable as well as monthly franchise fees and marketing contribution fees.

What is the total staff complement?
The business has a staff complement of 12.
2 x Managers
3 x Chefs
2 x Cashiers
4 x Kitchen Assistants
1 x Delivery Driver

Give a breakdown of staff/ functions/ length of service?
The staff have been there since inception

Do any receive special perks or incentives?
No

Are they on contract?
Non-management staff are paid by the hour

Do any have management potential?
There are 2 managers in place

How involved is the Owner in running the business?
The owner visits the business once a week in summer, twice a week in winter

When does the current lease end?
October 2025

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
The rental is 10% of turnover

What are the trading hours?
Daily from 11.00 to 21.00

What is the square meters of the business?
Approximately 125 sqm

Is a copy of the lease available?
Yes

Do you require a licence?
Yes (food related and franchise agreement)

What lease deposit and/or other surety is required?
Yes, negotiable

What are the main assets of the business?
Restaurant and IT-related equipment

What is their overall condition?
Very good
In terms of point of sale system, the Pilot Restaurant System needs to be acquired (around R15 000)

Do any require repairing?
Need a POS System to the value of R15,000
No other items need repairing, but they do need servicing on a quarterly basis

How have they been valued ?
Net book value

Which assets are on lease/HP and with whom?
The seller shall settle all asset-related liabilities

Are they presently insured?
Yes

Strengths?
Great location within a very popular and world renowned family entertainment resort
Member of a well known and popular franchised restaurant and take-away brand
Serves a niche, but sizeable, market
The food is halaal and the business is fully halaal compliant and certified
Experienced staff
Only take-away that serves this niche market in the resort

Weaknesses?
Manager-run

Opportunities?
Owner managed will improve earnings
Aggressive marketing within the captive market

Threats?
Food is a competitive market at the resort

What is the reason for the sale?
Owner advised to scale down business and work activities due to iIlness

Why is this a good business?
This is an excellent opportunity to acquire and run a take-away franchise within a large captive market that is the Sun City Resort complex