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Annual turnover

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  • Mandate: 31694
  • Added: 10 Feb 2018
  • AFS
  • 583

Fast food Franchise in fast growing mining town

Limpopo, Mpumalanga Other Areas
583
Mandate 31694
Added 10 Feb 2018
R 295,000* ZAR
Stock: R 25,000
Assets: R 0
R 8,845 ZAR
Arie Roos
(PRINCIPAL)
Aldes Longtom
Mpumalanga
Mpumalanga
Summary

Well known fast food franchise, serving meals is 2 minutes. Located in a trendy Mall in a fast growing mining town.

Fast food Franchise in fast growing mining town
SELLING PRICE AFS
R 295,000* ZAR
Stock: R25,000
Assets: R0
R 8,845 ZAR
Summary

Well known fast food franchise, serving meals is 2 minutes. Located in a trendy Mall in a fast growing mining town.

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Fully describe the business's activities?
Well known Fast Food outlet - serving quality fast food within minutes to passing by customers in a trendy Mall in one of the fastest growing mining towns in Limpopo / Northern Mpumalanga

How long has the business been established?
Establish in 2013

How long has the owner had the business?
Currant owner since 2016

How does the business operate on a daily basis?
Staff open the business at 9am Clean the restaurant and do a stock count in order to place the necessary orders Serves customers with wonderful take-a-ways through the day Close and cash-up at closing time

How are the clients attracted to the business?
Walk by - customers

What Advertising/Marketing is carried out?
Advertising by Franchisor

Does the business have any contract work?
no

What competition exists?
Yes , Restaurants and other Fast Foods outlets in the Mall

What are the seasonal trends?
no , but busier over month-ends

Is the business VAT Registered?
no

What VAT documentation is on file?
no

Are there up-to-date Management Accounts available?
Yes - kept by owner

What Balance Sheet and Income Statements are available?
Yes - kept by owner

What percentage of the business is cash/credit?
Just cash

What is the age analysis of the debtors book?
n/a

How could the profitability of the business be improved?
Turnover can be increased by having a mobile kiosk in the Mall's parking

Is Seller finance available and for what amount?
no

What is the payback period?
24

Who is the bookkeeper/Accountant?
Owner is keeping the books herselfs

What is the total staff complement?
3 working in the outlet

Give a breakdown of staff/ functions/ length of service?
Cleaning / preparing food / checking stock levels / cash-up Being in the restaurant industry since 2015

Do any receive special perks or incentives?
no , incentives only by owners own discression

Are they on contract?
no

Do any have management potential?
Yes

How involved is the Owner in running the business?
Owner visits the outlet twice per week Check the standard of work / stock levels / motivates staff

When does the current lease end?
November 2018

Is there an option of renewal & what period?
Yes , 3 or 5 years

What is the annual escalation %?
9%

What are the trading hours?
Monday to Friday 9am to 19pm Saturday 9am to 5pm Sunday 9am to 2pm

What is the square meters of the business?
28

Who is the Owner/Landlord?
Resilient Properties

Is a copy of the lease available?
Yes Basic details in document section

Do you require a licence?
no

What lease deposit and/or other surety is required?
Cession of lease will be at R 1710.00 incl VAT The lease deposit will be required at R54000

What are the main assets of the business?
Extractor fan / Roller grills / Blaine marine / Bar fridge / Deep fryer / Top fryer / Cash register

Are any items not included in the sale?
All included But excluding ABI Beverage Coolers and cash on hand prior to take over

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Valued by seller at market value

Which assets are on lease/HP and with whom?
No

What are their settlement amounts?
n/a

Will Seller settle or Buyer to take over?
n/a

Are copies of agreements available?
n/a

Are they presently insured?
Yes , at R580 / month

Strengths?
Unique fast food concept - no long queues Offering affordable fast food meals from as low as R20 Menu is continually being up-dated to offer you new flavors and phenomenal specials

Weaknesses?
No seating area available No Halaal - options on menu

Opportunities?
Mobile vendor out in parking area of Mall

Threats?
Competition from other fast food outlets in Mall

What is the reason for the sale?
Owner also have other business prospects and want to spend more time with her young kids at home

Why is this a good business?
Well known Fast Food Franchise in a trend setting Mall in one of the fastest growing mining towns in the Eastern limb of the Platinum belt . Very hi foot-count

What is the price plus stock and the net profit?
R 295 000 consisting of goodwill , fixtures , fittings , equipment and Franchise joining fee

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FRANCHISE DETAILS

Aldes Longtom

2 members
10 active mandates
Mpumalanga
31 Fourie Street
1120

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