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?
How long has the owner had the business?
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?
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?
Are there up-to-date Management Accounts available?
Yes 30% is cash business
How could the profitability of the business be improved?
What is the total staff complement?
14, 6 kitchen, 6 drivers, 2 cashiers
Are they on contract?
How involved is the Owner in running the business?
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 %?
What are the trading hours?
Mon-Fri 7.30-4.30 Sat 8-1
What is the square meters of the business?
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?
Great location, well established, well known brand, market close by, big customer base
Owner not full focused.
New business are continually opening in the area, more marketing
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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