Fully describe the business's activities?
Well known franchised take away situated in Pretoria East Convenience Centre.
How long has the owner had the business?
The owner started the business in June 2015
How does the business operate on a daily basis?
Cashier opens and closes the store, also oversees daily stock take. Owner picks up cash daily.
How are the clients attracted to the business?
Head Office does a lot of advertising of the brand. Marketing fee of 1% payable on the turnover.
What Advertising/Marketing is carried out?
Owner has a Facebook page.
What competition exists?
There is also a KFC in the centre.
What are the seasonal trends?
November to January tends to be a bit quieter
Is the business VAT Registered?
Yes, the business is VAT registered.
What VAT documentation is on file?
All relevant documents is on file with accountant.
Are there up-to-date Management Accounts available?
Owner is in the process of drawing up. Figures quoted was taken from a cash flow projection provided from franchisor for the period July 2015 until June 2016.
What percentage of the business is cash/credit?
60% Cash and 40% Credit Card.
How could the profitability of the business be improved?
Deliveries can be done. More advertising in the area - pamphlets/specials More email marketing - give 5% discount on big orders and free delivery - currently owner takes care of this.
What is the total staff complement?
2 x cashiers (only one will stay on) 4 x kitchen assistants (two of these can be promoted to cashier)
Give a breakdown of staff/ functions/ length of service?
All staff started with the business.
Do any receive special perks or incentives?
Night transport is included in their salaries.
Do any have management potential?
Not necessary as cashiers perform managerial duties.
How involved is the Owner in running the business?
Owner is involved daily and oversees the ordering of stock and financial aspects of the business.
When does the current lease end?
This is a three year lease that ends in June 2018.
Is there an option of renewal & what period?
Yes, a further three years option is available.
What is the annual escalation %?
What are the trading hours?
Business trades Monday to Sunday 8am to 9pm
What is the square meters of the business?
Is a copy of the lease available?
Yes, a copy is available from the owner.
Do you require a licence?
Health and safety.
What lease deposit and/or other surety is required?
One months deposit payable and one months rent in advance.
What are the main assets of the business?
3 x Double deep fryers 2 x Double Door Fridges 9 x Bar Fridges 3 x Freezer Boxes 1 x Chip Machine
Are any items not included in the sale?
All items are included.
What is their overall condition?
Everything is brand new
How have they been valued ?
Owner assisted us with a valuation.
Are they presently insured?
Yes, comprehensive insurance is in place.
Located in a good area in an established convenience centre. Good landlord. Loyal and well trained staff. Part of a well known franchise.
Long trading hours. Food prices.
Deliveries can be added. More advertising.
None were identified.
What is the reason for the sale?
Owner has another business that takes up all his time.
Why is this a good business?
Growing business that is easy to manage. Loyal staff. Good support from franchisor.
What is the price plus stock and the net profit?
Selling price of R550 000 includes stock of about R20 000 per week Excludes Joining fee of R30 000 payable directly to franchisor. Franchise Fee of 3% payable monthly on turnover
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