Fully describe the business's activities?
The business is a popular Fish and Chips Franchises in Pretoria. They mainly serve take-aways to the general public. Great systems in place to run with limited owner involvement. Perfect location for the business.
How long has the business been established?
The owner started the business in 2009 and has been operating as one of the best franchise outlets within the group.
How does the business operate on a daily basis?
The manager and staff open the store in the morning and start the daily preparations. The owner visits the store once a week to check on the operations and discuss matters with the staff. The owners does all the payments and ordering for the store and she's in contact with the managers to arrange ordering, stock-take and deliveries.
How are the clients attracted to the business?
Most of the clients are repeat customers working in businesses and office blocks close by. The business is also in a very popular location attracting many walk-in clients and passing trade.
What Advertising/Marketing is carried out?
The Franchisor does some marketing from the brand and provides the store with updated posters and pamphlets for marketing purposes. The owner also does monthly pavelite adverting and runs various social media platforms to market the business.
What competition exists?
Normal competition within the food industry exist. However, there is no other similar business offering the same menu in close vicinity.
What are the seasonal trends?
The business tends to pick up during October - December with January being a bit quite.
Is the business VAT Registered?
The business is currently not a VAT-Vendor.
Are there up-to-date Management Accounts available?
We have the income and expenses for the past 9-months available for perusal.
What percentage of the business is cash/credit?
90% of the business is cash and about 10% will be card sales.
How could the profitability of the business be improved?
A new owner can focus on implementing a food delivery service in the business.
Is Seller finance available and for what amount?
This can be discussed with a potential buyer.
What is the total staff complement?
Do any receive special perks or incentives?
No, all staff receive their basic salaries. However, the owner will pay bonuses in December this depending on their performance.
Are they on contract?
Yes, all are on contract.
Do any have management potential?
Yes there are two managers in place and the owner is very happy with their performance.
How involved is the Owner in running the business?
The owner is not involved in the day-to-day operations of the business and only focus on the management of the stores and the financial part of the business.
When does the current lease end?
Is there an option of renewal & what period?
Yes there is an option for a 3 year renewal
What is the annual escalation %?
8% per annum.
What are the trading hours?
Monday - Friday 07:30 - 19:30 Saturday - 08:00 - 17:00 Sunday - 11:00 - 17:00
What is the square meters of the business?
Is a copy of the lease available?
Yes, a copy of the lease can be provided.
Do you require a licence?
Yes, the needs the following licenses: - Trading License; - Health and Safety License; - Pest Control.
What lease deposit and/or other surety is required?
Approximately R89 000.
What are the main assets of the business?
A full asset list can be provided.
Are any items not included in the sale?
All items will be included in a sale. Any items of personal nature will be specified.
What is their overall condition?
The assets has recently been upgraded and is in an excellent condition and there are no need to repair any of the assets.
Do any require repairing?
No, all assets are in a good and working condition.
How have they been valued ?
We have used the owners valuation of the assets.
Are they presently insured?
The owner has comprehensive business insurance for the business.
- This business is in an excellent location with a great amount of passing trade and visible from the street; - The owner has good management in place; - The business is part of a well-known and popular brand.
A new owner can expand the business by focusing on doing more deliveries to nearby office blocks and business.
What is the reason for the sale?
The owner would like to focus on other business activities.
Why is this a good business?
This is an excellent opportunity to own a top performing take-away store in a popular and well-known brand. The business is primarily manager run with little involvement from the owner on a daily basis. Don't miss out on this great opportunity.
What is the price plus stock and the net profit?
The purchase price is R1 800 000 including stock of R50 000 with an average net profit of R 53,389.
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million