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Catering And Equipment Hire Business For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R1,590,000 Furniture / Fixtures included
Sales Revenue:
R2,600,000
Cash Flow:
R1,100,000

SOLD by ALDES Ciff Bell Aug 2018.
Spitbraai, Braai & Potjie catering business for events, corporate functions, weddings & private parties, as well as, equipment hire. Contracted chef & staff handle the actual functions, while owner only arranges. Net Profits of R1.1m pa off a turnover of R2.6m pa.

The business specialises in Spitbraai's & Potjie's, catererng for Private Functions, Birthday Parties, Corporate Functions, Weddings & all other occasions. They cater for the entire KZN , although the majority of work is done in the area between Durban North and Ballito. The business also caters for special dietery requirements such as vegetarian and Halaal meals.
The business supplies the necessary tables , chairs ,crockery, cutlery and glasses and can cater for between 25 and 300 people. All the preceding equipment plus two good SUV's (purchase price over R400 000) & a trailer are included in the Sale Price of R1.59m, on the back of an excellent Net Profit of R1.1m pa (including owners benefits & excl additional income re-owner).

Property Information

Real Estate:

Lease

Location:

This business operates from Durban focussing on the Greater Durban area & could be operated from anywhere within Greater Durban, although much business comes from the Northern Suburbs.

Premises Details:

The owner presently rents a small storage unit (R1 380 pm) that can also be rented going forward or the Purchaser could source one closer to the Purchasers house or store everything at one's house.

Business Operation

Expansion Potential:

The owner has not driven the business to achieve it's full potential, as he has other interests & doesn't micro-manage. There is scope for growth, as well as, Franchising.

Reasons for selling:

owner has other businesses to concentrate on

Employees:
The owner does not employ any full-time staff. 10 Chefs & 2 Drivers for the functions are on stand-by & paid when required (with back-up on hand if required). The Chefs were trained by the Seller himself.
Years established:
10 yrs after the owner started it

Other Information

Support & training:

Staff are well trained & operate at the functions, while the owner will assist from an overview & even cooking level if need be

Furniture / Fixtures value:
R360,000 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.