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Annual turnover

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  • Mandate: 31720
  • Added: 20 Mar 2018
  • AFS
  • 1187

Famous Brands Coffee Shop in Prime Gauteng Location

Gauteng, Johannesburg
1187
Mandate 31720
Added 20 Mar 2018
R 940,000* ZAR
Stock: R 90,000
Assets: R 811,264
R 27,927 ZAR
Douglas Sammons
(PRINCIPAL)
Aldes Connect
Gauteng
Summary

Famous Brands Coffee Shop in Prime Gauteng Location

Famous Brands Coffee Shop in Prime Gauteng Location
SELLING PRICE AFS
R 940,000* ZAR
Stock: R90,000
Assets: R811,264
R 27,927 ZAR
Summary

Famous Brands Coffee Shop in Prime Gauteng Location

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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?
Since 2015

How long has the owner had the business?
September 2016

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?
Yes

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?
19 Staff

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?
March 2020

What is the annual escalation %?
8%

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?
ATTACQ

Is a copy of the lease available?
Yes

Do you require a licence?
Liquor & Trading

What lease deposit and/or other surety is required?
R197,180.80

What are the main assets of the business?
Operating Equipment

Are any items not included in the sale?
As per asset list

What is their overall condition?
Working Condition

How have they been valued ?
At carrying value

Are they presently insured?
Yes

Strengths?
- 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.

Weaknesses?
The current marketing efforts are not adequate.

Opportunities?
- Run a focused marketing campaign; - Target additional corporate catering; - There is a demand for schools catering that is not being capitalized on.

Threats?
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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