Fully describe the business's activities?
This is an exclusive coffee shop/bakery brand franchised by the sought after Famous Brands group. This store is located in a fast growing high income earner and corporate head-office district with ample growth opportunities for an operator looking to do the groundwork.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The store is currently manager run with little owner input. Systems, procedures, recipes, training etc are all provided by famous brands and implemented by staff.
What Advertising/Marketing is carried out?
- Local Flier Drops; - Loyalty Cards; - Discounts on certain items during certain times.
Does the business have any contract work?
No, there are however a few standing orders from business in the area.
What competition exists?
No direct competition on the niche offering within the district.
Is the business VAT Registered?
What Balance Sheet and Income Statements are available?
February 2018 are pending
How could the profitability of the business be improved?
Based on the current operations, the fixed costs of the business are currently being met. The opportunities outlined below need to be implemented to boost the revenue.
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
1 x Head Chef 3 x Bakers 2 x Barista 4 x Chefs 1 x Manager 1 x Junior Manager 7 x Waiters
Do any receive special perks or incentives?
Waiters work on Commission
Are they on contract?
12 staff are on contract, 7 are permanent
Do any have management potential?
Yes, current managers in place run the operations of the store.
How involved is the Owner in running the business?
The owner is full-time employed and provides part-time oversight.
When does the current lease end?
What is the annual escalation %?
What are the trading hours?
06:30 - 19:00 Monday to Saturday 06:30 - 17:00 Sundays
What is the square meters of the business?
150sqm indoor plus 97sqm patio
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
Liquor & Trading
What lease deposit and/or other surety is required?
What are the main assets of the business?
Are any items not included in the sale?
As per asset list
What is their overall condition?
How have they been valued ?
At carrying value
Are they presently insured?
- The brand is well positioned to cater for the high income patrons of the centre as well as the catering requirements of the surrounding corporates; - The franchise model is ideal for non-restaurateurs looking to focus on growth; - Slightly lower franchise fees compared to similar offerings.
The current marketing efforts are not adequate.
- Run a focused marketing campaign; - Target additional corporate catering; - There is a demand for schools catering that is not being capitalized on.
General market and operational threats.
What is the reason for the sale?
The seller has a full-time job and has just started a family and simply cannot give the business the attention that it requires.
Why is this a good business?
Strong franchise support in an area with large disposable income.
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Annual Turnover Amount between R 500 thousand and R 6 million