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Annual turnover

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  • Mandate: 31827
  • Added: 19 Mar 2018
  • AFS
  • 673

Top Notch Franchised Restaurant

Gauteng, Johannesburg
673
Mandate 31827
Added 19 Mar 2018
R 4,030,000* ZAR
Stock: R 130,000
Assets: R 2,382,726
R 107,194 ZAR
Paul Fyfe
Aldes Masters
Gauteng, Boksburg
Gauteng, Boksburg
Summary

The one you want Franchised Restaurant for Sale

Top Notch Franchised Restaurant
SELLING PRICE AFS
R 4,030,000* ZAR
Stock: R130,000
Assets: R2,382,726
R 107,194 ZAR
Summary

The one you want Franchised Restaurant for Sale

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

Fully describe the business's activities?
This Franchise is sought after and offers a unique cuisine with very little competition in the marketplace.

How long has the business been established?
The owner started the business in 2016.

How long has the owner had the business?
Since 2016.

How does the business operate on a daily basis?
Certain staff arrive at 10.00 am and start prepping for the day. Kitchen opens to public from 11.00 am - 10.00 pm

How are the clients attracted to the business?
Unique sought after brand. The restaurant is also in a great area and highly visible.

What Advertising/Marketing is carried out?
The Franchisor is responsible for major marketing.

Does the business have any contract work?
The business does not have any contract work.

What competition exists?
No competition to their brand exists in the area. However there are many other food establshments.

What are the seasonal trends?
The business is busy all year round.

What VAT documentation is on file?
Vat documentation is available for due diligence.

Are there up-to-date Management Accounts available?
Management Accounts are available for approved buyers.

What Balance Sheet and Income Statements are available?
Managements accounts are available for approved buyers.

What percentage of the business is cash/credit?
80% of the business is on Credit Card and 20% is cash.

What is the age analysis of the debtors book?
No credit is provided by the restaurant.

How could the profitability of the business be improved?
More advertising.

Is Seller finance available and for what amount?
No seller finance will be provided.

What is the payback period?
See Broker for details

What is the ROI?
See Broker for details

Who is the bookkeeper/Accountant?
TBA

What is the total staff complement?
There are 20 staff including the Owner involved in the business.

Give a breakdown of staff/ functions/ length of service?
18 Kitchen, 7 waiters, 2 Managers and Owner.

Do any receive special perks or incentives?
The General Manager does receive an incentive.

Are they on contract?
All staff are on contract.

Do any have management potential?
Yes. These can be identified by the Owner.

How involved is the Owner in running the business?
100% involved.

When does the current lease end?
The current lease ends in 2021 and has a 5 year option thereafter.

Is there an option of renewal & what period?
% year option for renewal.

What is the annual escalation %?
tba

What are the trading hours?
10.00am - 12.00pm prepping is done. The business is then open to public from 12.00pm - 10.00pm.

What is the square meters of the business?
The premises are large and adequate. Actual sm to be advised.

Who is the Owner/Landlord?
tba

Is a copy of the lease available?
Yes a copy of the lease is available for due diligence.

Do you require a licence?
A liquor license is the only requirement.

What lease deposit and/or other surety is required?
1 month rental and lights and water deposit.

What are the main assets of the business?
The business is new so it is the established costs and Kitchenware, tableware and other that is used in a typical restaurant.

Are any items not included in the sale?
No. All items are for sale.

What is their overall condition?
As the business is new the asset are in good condition.

Do any require repairing?
No assets require repairing.

How have they been valued ?
The owner will provide and asset list and his valuation for approved buyers.

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

Strengths?
This is a great new brand on the market and situated in an excellent position.

Weaknesses?
None perceived.

Opportunities?
a great food business for a passioate food entrepreneur.

Threats?
Economy.

What is the reason for the sale?
The Owner and his father are also invested in supermarkets and the aging father needs the assistance of his son. The Owner has young kid and wants to spend more time with him which the other business will allow.

What is the price plus stock and the net profit?
This is a wonderful brand and business and you cant go wrong by investing in this business.

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FRANCHISE DETAILS

Aldes Masters

2 members
15 active mandates
Gauteng , Boksburg
167 Heidelberg Road Boksburg
Boksburg
1459

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