BUSINESS DESCRIPTION
This is a take-way outlet situated in a centre in the CBD servicing commuters who use the taxiâ??s, buses and trains.
It is positioned in an excellent location with a heavy constant flow of foot traffic. Besides the visitors to the centre, there are two large organizations with office personnel who contribute to the target market.
The take-away is on a corner site right by the escalators with easy access to the open general seating designated for take-aways . This position makes the take-away both convenience and highly visible.
The take-away is clean, well lit and with adequate signage and products attractively displayed to draw customers.
Currently the take-away supplies baked goods such as pies, donuts, cream cakes etc.
These are baked fresh daily by a central kitchen. Cooldrinks and coffee is also available which is a good profitable source of income.
Just recently (two months ago) freshly cooked chicken pieces and chips were introduced and this has proven to be highly successful, and increased the turnover.
The current owner who is selling in order to downscale his business operation has indicated he does not wish to supply neither the baked goods nor the chicken hence, whoever buys this business buys the site and the trade name and is free to supply their own products such as sandwiches, rolls, wraps or whatever vision the new owner has for the site.
The selling price of the business is R550,000 which includes assets which are valued at a depreciated value of approx R280,000. The business is well established (10 years) and has a good location and the landlord has indicated a willingness to renew the lease for the next 5 years.