Fully describe the business's activities?
Popular and well established franchise pie takeaway is for sale. This sale consist of two takeaway shops situated in located in different malls.
How long has the business been established?
Oldest shop was established in 2003.
How long has the owner had the business?
Owner started both franchises and has been the single owner since inception.
How does the business operate on a daily basis?
There are a team leader in each shop that manages day to day activities, such as overseeing baking, banking and sales. Owner visits the shop during the week to do recons and order stock.
How are the clients attracted to the business?
Situated in busy mall and is well known brand to all consumers.
What Advertising/Marketing is carried out?
Advertising is done by the franchise on all media formats.
Does the business have any contract work?
Business has no signed contracts but do supply mines and NPO's in the area upon request.
What competition exists?
Supermarkets in the shopping centre.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
2015 is available. 2016 should be ready upon request from a serious buyer.
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
Selling pies wholesale to mines and schools in the area.
What is the total staff complement?
3 in the one shop and 4 staff members in the other shop.
Give a breakdown of staff/ functions/ length of service?
2 Team leaders and rest of the staff is general labour.
Do any receive special perks or incentives?
Yes based on performance.
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Owner manages financials and inventory.
When does the current lease end?
Mall nr.1 - 3 years remaining on lease with option to renew for 5 years. Mall nr. 2 - 2 years remaining on the lease with renewal option available.
What is the annual escalation %?
Mall nr.1 negotiable. Mall nr2. turnover based.
What are the trading hours?
Mon - Fri: 07h00 - 18h00 Sat: 07:00 - 15h00 Sun: 08h00 - 13h00
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
One month rent.
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
Well established franchise with good name. Located in busy shopping centers.
Selling whole sale to mines and schools.
What is the reason for the sale?
Owner is in the process of relocating to the coast.
Why is this a good business?
Well established franchise with good name, located in a busy shopping center with a potential to increase revenue.
What is the price plus stock and the net profit?
R2 800 000
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