Sectors / Category

Annual turnover

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  • Mandate: 31672
  • Added: 29 Mar 2019
  • AFS
  • 401

Famous Brand Restaurant.

North West, North West
401
Mandate 31672
Added 29 Mar 2019
R 2,360,000* ZAR
Stock: R 60,000
Assets: R 0
R 79,902 ZAR
Werner Prinsloo
(PRINCIPAL)
Aldes Platinum
Gauteng
Summary

Well established business. This restaurant is part of a well known brand and in high demand.

Famous Brand Restaurant.
SELLING PRICE AFS
R 2,360,000* ZAR
Stock: R60,000
Assets: R0
R 79,902 ZAR
Summary

Well established business. This restaurant is part of a well known brand and in high demand.

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please supply us with your details below

Fully describe the business's activities?
This Wimpy Restaurant is situated in a Busy Shopping center near town.

How long has the business been established?
The business was established 10 Years ago.

How long has the owner had the business?
The current owner has owner the business 6 Years.

How does the business operate on a daily basis?
The operating hours are 7am - 7pm. The restaurant has ample outside seating.

How are the clients attracted to the business?
Wimpy is a Well known established business, and has many loyal customers.

What Advertising/Marketing is carried out?
The Franchise holding company :Famous Brands does the marketing for the business.

Does the business have any contract work?
No

What competition exists?
Minor Competition in the area.

What are the seasonal trends?
Very Busy summer , Winter tends to bequiter.

Is the business VAT Registered?
Yes , the business is vat registered.

What VAT documentation is on file?
All Returns on File

Are there up-to-date Management Accounts available?
Yes , detailed management accounts are available.

What Balance Sheet and Income Statements are available?
The latest financial statements are available.

What percentage of the business is cash/credit?
100% Cash of Card . No credit is extended to customers.

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
Improved marketing , especially erecting signs next to the road leading to the shopping center, could improve Sales.

Is Seller finance available and for what amount?
No , the seller would like the purchase price upfront.

What is the payback period?
30 months payback period.

What is the ROI?
34 % ROI

What is the total staff complement?
16 Full time staff are employed by the business.

Give a breakdown of staff/ functions/ length of service?
Most staff have several years experience.

Do any receive special perks or incentives?
No special bonuses or perks are paid.

Are they on contract?
Yes , all staff have employment contracts.

Do any have management potential?
The Business has 2 experienced supervisors and can be promoted if needed.

How involved is the Owner in running the business?
The owner is involved Daily in the operation of the business.

When does the current lease end?
The current lease end in Oct 2018.

Is there an option of renewal & what period?
Yes the lease can be renewed for a period of 5 years.

What is the annual escalation %?
8% escalation per year.

What are the trading hours?
7am - 7pm

What is the square meters of the business?
400 sqm , excluding the outside seating.

Is a copy of the lease available?
Yes a copy of the lease is available.

What lease deposit and/or other surety is required?
Famous Brands will require a franchise fee.

What are the main assets of the business?
Catering equipment , POS Systems,CCTV systems and Furniture make up the bulk of the assets.

What is their overall condition?
All equipment is in fair working condition.

Do any require repairing?
No repairs are needed at present,as the owner replaces malfunctioning equipment immediately with new equipment.

How have they been valued ?
Market Value has been assigned to all equipment.

Strengths?
Well known Established Brand Situated on very busy road Great Location

Weaknesses?
None

Opportunities?
Deliveries to the local area can improve the sales.

Threats?
No threats could be identified at present.

What is the reason for the sale?
Owner is relocation.

Why is this a good business?
Well known Established Brand Situated on very busy road Great Location

What is the price plus stock and the net profit?
Price R2 300 000-00 Stock R60,000 Nett profit R 79,902.00

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FRANCHISE DETAILS

Aldes Platinum

1 members
9 active mandates
Gauteng
27 Silver Willow Village, Von Backstrom Boulevard
0157

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