Sectors / Category

Annual turnover

|
  • Mandate: 31456
  • Added: 14 Nov 2018
  • 929

Franchised restaurant & take out

Gauteng, Johannesburg
929
Mandate 31456
Added 14 Nov 2018
R 3,500,000* ZAR
Stock: R 50,000
Assets: R 1,000,000
R 181,467 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Well established franchised restaurant & take out. Core menu is Pizza & pasta but wide range of other items offered. Highly profitable, good location.60% delivery & take out. 2 Managers in place.

Franchised restaurant & take out
SELLING PRICE
R 3,500,000* ZAR
Stock: R50,000
Assets: R1,000,000
R 181,467 ZAR
Summary

Well established franchised restaurant & take out. Core menu is Pizza & pasta but wide range of other items offered. Highly profitable, good location.60% delivery & take out. 2 Managers in place.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
This recently renovated franchised retaurant and take out is part of a well know Pizza/Pasta franchise group. The business also has a wide variety of other dishes which therefore draws a wider client base. The business is in a local centre in a well established high LSM suburb. There are a large number of high density complexes in the immediate area. There are also a number of businesses. Visibility is also very high due to the centre facing onto a major arterial route. The business offers eat in, take away and deliveries so caters to a very wide client base.

How long has the business been established?
10 year

How long has the owner had the business?
Since 2015 when the business was fully revamped and the restaurant side of the business opened

How does the business operate on a daily basis?
Sales are fairly evenly split between sit down, take out and deliveries. Business opens at 10h00. Most goods come via franchisor deliveries 3 times pw. Owner and wife actively in the business.

How are the clients attracted to the business?
The brand is well known, the business is well established and has many returning clients, drive by exposure and the marketing.

What Advertising/Marketing is carried out?
Old clients are on a database sms programme and received regular news, specials etc. Flyers are also distibuted. Business is also on head office web site.

Does the business have any contract work?
Due to age, location, brand there are many repeat customers.

What competition exists?
There is no competing "Italian" restaurant in the immediate area. There are a few competitors in the broader area.

What are the seasonal trends?
Due to business continuing to grow trend identification is difficult.

Is the business VAT Registered?
Yes

What Balance Sheet and Income Statements are available?
All info is available via the in store POS.

How could the profitability of the business be improved?
Continue to market.

What is the total staff complement?
17 staff, 3 waitrons,4 pizza makers, 2 grillers, 1 pasta maker,1 salad maker, 1 sculler, 1 barman, 1 supervisor, 2 scooter drivers, then casuals as needed.

How involved is the Owner in running the business?
2 managers allow for the owner to manage the business witallowing for the owner to have flexible working times.

When does the current lease end?
2019

Is there an option of renewal & what period?
Yes 5 years

What is the annual escalation %?
8%

What are the trading hours?
10-10 M-Sun

What is the square meters of the business?
210m2

Is a copy of the lease available?
Yes

Do you require a licence?
Yes liquor

What lease deposit and/or other surety is required?
Currently 1 month.

What are the main assets of the business?
Kitchen equipment, furniture, POS, fridges, freezers, stoves, scooters

What is their overall condition?
Business renovate 2 years ago. Equipment etc. in very good condition.

Are they presently insured?
Yes

Strengths?
Well established, income from 3 streams, good franchise, very profitable, high LSM clients, near to flats, complexes etc. loyal clients

Weaknesses?
None

Opportunities?
To offer breakfast, extend marketing area

Threats?
Only those associated with the economy.

What is the reason for the sale?
Seller wants to take a break, and relocate to the coast

Why is this a good business?
Well established, highly profitable, very well priced, trained staff, good franchise.

What is the price plus stock and the net profit?
R3,450,000 plus stock. This business is a steal at the price.

Other listings by Rory
R 740KZAR
Franchise
Added : 15 Aug 2019 52
Yearly profit : R345,000
Gauteng
R 1.54MZAR
Franchise
Added : 12 Aug 2019 88
Yearly profit : R589,000
Gauteng
R 300KZAR
Added : 30 Jul 2019 438
Yearly profit : R1,000,000
Gauteng
FRANCHISE DETAILS

Aldes Active

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

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 1.80MZAR
Added : 25 Jul 2019 272
Yearly profit : R1,384,262
Gauteng
R 2.48MZAR
Added : 8 Jul 2019 185
Yearly profit : R1,198,943
Western Cape
R 2.05MZAR
Franchise
Added : 1 Jul 2019 700
Yearly profit : R868,546
Gauteng
R 2.25MZAR
Added : 3 Jun 2019 250
Yearly profit : R619,405
Western Cape
R 3.90MZAR
Added : 30 May 2019 280
Yearly profit : R1,147,607
Western Cape
R 1.76MZAR
Added : 29 May 2019 343
Yearly profit : R736,690
Gauteng
R 5.20MZAR
Added : 19 May 2019 283
Yearly profit : R2,546,587
Mpumalanga
R 2.95MZAR
Franchise
Added : 17 May 2019 531
Yearly profit : R1,135,312
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 740KZAR
Franchise
Added : 15 Aug 2019 52
Yearly profit : R345,000
Gauteng
R 1.15MZAR
Franchise
Added : 14 Aug 2019 276
Yearly profit : R634,529
Gauteng
R 1.50MZAR
Added : 14 Aug 2019 70
Yearly profit : R616,688
Gauteng
R 1.20MZAR
Franchise
Added : 13 Aug 2019 102
Yearly profit : R759,430
Gauteng
R 1.40MZAR
Franchise
Added : 13 Aug 2019 85
Yearly profit : R688,534
Gauteng
R 1.54MZAR
Franchise
Added : 12 Aug 2019 88
Yearly profit : R589,000
Gauteng
R 2.00MZAR
Franchise
Added : 12 Aug 2019 71
Yearly profit : R874,035
Gauteng
R 1.68MZAR
Added : 7 Aug 2019 118
Yearly profit : R504,826
Gauteng