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Annual turnover

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  • Mandate: 30403
  • Added: 19 Jul 2016
  • 1638

Vetkoek Specialising Take Away

Gauteng, Johannesburg
1638
Mandate 30403
Added 19 Jul 2016
R 795,000* ZAR
Stock: R 0
Assets: R 310,000
R 26,505 ZAR
Stan Moran
(PRINCIPAL)
Aldes Ace
Gauteng
Summary

Newly established last year and based on similar well known franchise model, this take away specilaises in top quality vetkoeks with various fillings, plus fish and chips.

Vetkoek Specialising Take Away
SELLING PRICE
R 795,000* ZAR
Stock: R0
Assets: R310,000
R 26,505 ZAR
Summary

Newly established last year and based on similar well known franchise model, this take away specilaises in top quality vetkoeks with various fillings, plus fish and chips.

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Fully describe the business's activities?
fast food business specialising in vetkoeks and fish and chips

How long has the business been established?
1 year

How long has the owner had the business?
1 year

How are the clients attracted to the business?
Walk in trade in busy shopping centre. Many repeat customers

What Advertising/Marketing is carried out?
Local newspaper and in store advertising

Does the business have any contract work?
No

What competition exists?
No direct competition close by

What are the seasonal trends?
Busy all year round

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
None yet

What percentage of the business is cash/credit?
No credit given - 100% cash or card

How could the profitability of the business be improved?
Maintain existing standards. This is a new business and sales are increasing as new customers become regular customers.

Is Seller finance available and for what amount?
Np

What is the total staff complement?
6

Do any receive special perks or incentives?
No

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
Fully involved on counter daily

When does the current lease end?
2018

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
8%

What are the trading hours?
Mon to Sat 9am to 8pm Sun 9am to 2pm

What is the square meters of the business?
90 sqm

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
Approx R30,000

What are the main assets of the business?
Catering equipment, display fridges, LCD TVs for menu display

Are any items not included in the sale?
No

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Cost

Which assets are on lease/HP and with whom?
None

Strengths?
Excellent presentaion, quality and competitive price.

Weaknesses?
No perceived weaknesses.

Opportunities?
Growing customer base. More promotional drops in area to increase awareness. Similar businesses have been franchised very successfully. Future franchise opportunity.

Threats?
None

What is the reason for the sale?
Owner is going to study overseas.

Why is this a good business?
Newly established at very high standard. Food quality, presentation, displays are all top notch. Great future potential.

What is the price plus stock and the net profit?
Price is R850,000 all inclusive, lock stock and barrel.

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FRANCHISE DETAILS

Aldes Ace

1 members
16 active mandates
Gauteng
6 Nightingale Road, Atlasville
1459

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