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  • Mandate: 31111
  • Added: 25 Apr 2017
  • 1112

Franchised Fast food takeout

Gauteng, Johannesburg
1112
Mandate 31111
Added 25 Apr 2017
R 345,000* ZAR
Stock: R 45,000
Assets: R 250,000
R 2,880 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Well established sandwich and platter business in great location. 5.5 days per week.

Franchised Fast food takeout
SELLING PRICE
R 345,000* ZAR
Stock: R45,000
Assets: R250,000
R 2,880 ZAR
Summary

Well established sandwich and platter business in great location. 5.5 days per week.

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Fully describe the business's activities?
This very well established sandwich and platter fast food business has been around for 10 years. Was owned by the franchisor until 2016. Services a huge market in the immediate area. It also has limited seating.

How long has the business been established?
10 years

How long has the owner had the business?
6 months

How does the business operate on a daily basis?
Business caters to walk in or take out customer. Also serves businesses in the area

How are the clients attracted to the business?
Through marketing, position of business, word of mouth

What Advertising/Marketing is carried out?
Facebook, Instagram, Twitter, franchisor marketing

Does the business have any contract work?
No

What competition exists?
Business is in a centre that has a number of other food offerings. This business is unique because of the food it serves

What are the seasonal trends?
December jan feb generally quiter

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes 30% is cash business

How could the profitability of the business be improved?
More marketing

What is the total staff complement?
14, 6 kitchen, 6 drivers, 2 cashiers

Are they on contract?
Yes

How involved is the Owner in running the business?
Daily

When does the current lease end?
Held by franchsior expires 2020

Is there an option of renewal & what period?
Escalation is 8%

What is the annual escalation %?
TBC

What are the trading hours?
Mon-Fri 7.30-4.30 Sat 8-1

What is the square meters of the business?
65m2

What lease deposit and/or other surety is required?
Lease held by franchisor

What are the main assets of the business?
Equipment and fixtures and fittings

What is their overall condition?
Condition of assets is good and meets franchisor standards

Are they presently insured?
Yes

Strengths?
Great location, well established, well known brand, market close by, big customer base

Weaknesses?
Owner not full focused.

Opportunities?
New business are continually opening in the area, more marketing

Threats?
Usual business risks.

What is the reason for the sale?
Seller has other opportunities

Why is this a good business?
Well established, know brand. Turn around opportunity at limited price.

What is the price plus stock and the net profit?
R300k ex stock

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FRANCHISE DETAILS

Aldes Active

1 members
12 active mandates
Gauteng
Postnet Suite 129, Post Box 92418
2117

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