Sectors / Category

Annual turnover

|
  • Mandate: 31492
  • Added: 21 Nov 2017
  • AFS
  • 1413

Established Franchised Seafood Restaurant

KwaZulu-Natal, North Coast
1413
Mandate 31492
Added 21 Nov 2017
R 1,880,000* ZAR
Stock: R 80,000
Assets: R 1,200,000
R 67,261 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Established Popular Seafood Franchise Business, well positioned in a busy upmarket shopping center. All systems in place, well trained staff and managers. Franchisor back up support and marketing to expose this leading seafood restaurant in the area. Well priced with good return for anyone to take opportunity to join this franchise.

Established Franchised Seafood Restaurant
SELLING PRICE AFS
R 1,880,000* ZAR
Stock: R80,000
Assets: R1,200,000
R 67,261 ZAR
Summary

Established Popular Seafood Franchise Business, well positioned in a busy upmarket shopping center. All systems in place, well trained staff and managers. Franchisor back up support and marketing to expose this leading seafood restaurant in the area. Well priced with good return for anyone to take opportunity to join this franchise.

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

Fully describe the business's activities?
Popular Seafood Franchised Restaurant

How long has the business been established?
Established 2009

How long has the owner had the business?
2012

How does the business operate on a daily basis?
Restaurant has managers in place to open and to close the business daily, stock control and customer care during the cause of the day. Owner oversees financial duties in the business

How are the clients attracted to the business?
Well known preferred seafood restaurant situated in a up market shopping mall. National advertising and marketing by the franchisor

What Advertising/Marketing is carried out?
The franchisor markets the brand by television and radio advertisements nationally as well as locally.

Does the business have any contract work?
None, however very well marketed by the local tourist industry, guest houses and hotels

What competition exists?
There are other restaurants in the mall, this attracts more people to the mall

What are the seasonal trends?
School holidays and December Holidays the business tend to peak, during the rest of the year business is pretty constant

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Up to Date and available to buyers during due diligent stages

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Up to Date

What percentage of the business is cash/credit?
30% Cash & 70 Electronic

What is the age analysis of the debtors book?
None

How could the profitability of the business be improved?
Better direct marketing to the local market, promote take away menu to the local businesses, outside functions catering

Is Seller finance available and for what amount?
Seller will consider a small percentage over a short term.

What is the payback period?
TBA

What is the ROI?
TBA

Who is the bookkeeper/Accountant?
Private

What is the total staff complement?
25 Staff & 1 Owner

Do any receive special perks or incentives?
Staff Meals and Tips

Are they on contract?
Yes

Do any have management potential?
Already in place

How involved is the Owner in running the business?
60 % of the time

When does the current lease end?
2018 December

Is there an option of renewal & what period?
Yes a further 3 years

What is the annual escalation %?
7%

What are the trading hours?
Monday to Monday 10:30am till close Closed on Christmas Day

What is the square meters of the business?
350 sqm

Who is the Owner/Landlord?
JHI

Is a copy of the lease available?
Yes

Do you require a licence?
Liquor License

What lease deposit and/or other surety is required?
3 Months Rent

What are the main assets of the business?
Kitchen Equipment, Furniture tables & chairs, Display fridges & Decor

Are any items not included in the sale?
All included as per assets list

What is their overall condition?
Excellent

Do any require repairing?
None all been maintained

How have they been valued ?
Accountant, depreciated values at current market related values.

Which assets are on lease/HP and with whom?
None

What are their settlement amounts?
NA

Will Seller settle or Buyer to take over?
NA

Are copies of agreements available?
Yes

Are they presently insured?
Yes full comprehensive insurance in place

Strengths?
Business is backed by a strong national brand with tested success through out the years, situated in a busy up market mall very well positioned and visible. All systems in place and staff are well trained serving the community with high quality value for money dinning experience. Business is well prized to get into the industry at a good market related value...

Weaknesses?
Restaurant is owner run

Opportunities?
Better direct marketing to the public, reaching out by promotions outside catering for business functions, Take away delivery service to the local business market

Threats?
No direct threats

What is the reason for the sale?
Current owner has been diagnosed with a health condition

Why is this a good business?
Restaurant offers a unique taste in the industry and is very well supported and well known... A new franchise cost in the tune of R 3 000 000.00 to set up getting inti the franchise at this prize is relatively low.

What is the price plus stock and the net profit?
TBA

Other listings by Werner
R 2.99MZAR
Added : 18 Jan 2019 155
Yearly profit : R1,405,988
KwaZulu-Natal
R 1.60MZAR
Added : 18 Jan 2019 89
Yearly profit : R67,176
KwaZulu-Natal
R 3.30MZAR
Added : 4 Jan 2019 335
Yearly profit : R1,167,362
KwaZulu-Natal
FRANCHISE DETAILS

Aldes Zululand

2 members
31 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 940KZAR
Added : 18 Jan 2019 66
Yearly profit : R402,384
Western Cape
R 2.08MZAR
Added : 5 Nov 2018 319
Yearly profit : R738,707
Gauteng
R 1.16MZAR
Franchise
Added : 26 Oct 2018 289
Yearly profit : R-124,008
KwaZulu-Natal
R 2.00MZAR
Added : 26 Oct 2018 7
Yearly profit : R512,048
Western Cape
R 985KZAR
Added : 10 Sep 2018 545
Yearly profit : R542,796
Western Cape
R 2.00MZAR
Added : 22 Aug 2018 687
Yearly profit : R972,177
Gauteng
R 2.57MZAR
Added : 7 Aug 2018 519
Yearly profit : R931,711
KwaZulu-Natal
R 2.20MZAR
Franchise
Added : 30 Jul 2018 932
Yearly profit : R424,164
Western Cape

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 500KZAR
Added : 23 Jan 2019 32
Yearly profit : R72,202
Gauteng
R 1.83MZAR
Added : 19 Jan 2019 142
Yearly profit : R928,728
Gauteng
R 1.85MZAR
Added : 19 Jan 2019 107
Yearly profit : R1,461,470
Gauteng
R 1.00MZAR
Added : 16 Jan 2019 183
Yearly profit : R340,727
Gauteng
R 650KZAR
Added : 10 Jan 2019 182
Yearly profit : R286,467
Gauteng
R 590KZAR
Added : 9 Jan 2019 137
Yearly profit : R93,456
Gauteng
R 350KZAR
Franchise
Added : 13 Dec 2018 513
Yearly profit : R211,595
Gauteng
R 990KZAR
Added : 12 Dec 2018 579
Yearly profit : R442,259
Gauteng