Fully describe the business's activities?
Retail Pizza outlet
How long has the business been established?
Since December 2012
How long has the owner had the business?
How does the business operate on a daily basis?
Opens at 9am each day, prepare fresh pizzas and serve, or deliver throughout the day.
How are the clients attracted to the business?
Mon and Wed 2 for 1 specials. Superior product and larger than normal size.
What Advertising/Marketing is carried out?
Advertising trailer and pamphlet drops
Does the business have any contract work?
What competition exists?
All the major franchise chains.
Is the business VAT Registered?
What VAT documentation is on file?
Returns are on file
Are there up-to-date Management Accounts available?
Yes on Point of Sale reports
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
All cash or card, no credit
How could the profitability of the business be improved?
Buying directly from suppilers
Is Seller finance available and for what amount?
What is the payback period?
Currently 32 months
What is the return on investment?
What is the total staff complement?
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
When does the current lease end?
Already expired but can be re-newed.
What is the annual escalation %?
It was 8%
What are the trading hours?
Mon to Sat 09h00 to 21h00 Sun 10h00 to 21h00
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
Normally one month's rent and electricity deposit
What are the main assets of the business?
Full asset schedule available. All equipment plus two Honda and one Suzuki motorcycles.
Are any items not included in the sale?
ABI two door cooler CAT 2 drop safe Just two door cooler
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Offers 10% larger pizza than norm Special promotions Delivery offered
Normal economic conditions means margins must be tightly controlled.
Maintain focus on larger Pizza, specials and delivery, to maintain competitive edge.
Normal franchised brands
What is the reason for the sale?
Owner has other business interests
Why is this a good business?
This brand has survived the opening of three other franchised brands and has maintained it's share of the market.
What is the price plus stock and the net profit?
Price is R1,150,000 plus stock (at cost) of approximately R40,000 to a VAT registered buyer (i.e. zero rated), with net profits in excess of R40,000/month.
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