Sectors / Category

Annual turnover

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  • Mandate: 31909
  • Added: 05 Mar 2018
  • AFS
  • 784

Fish & Chips Take away in busy mall in Orange Farm

Gauteng, Johannesburg
784
Mandate 31909
Added 05 Mar 2018
R 330,000* ZAR
Stock: R 30,000
Assets: R 180,000
R 14,118 ZAR
Hetta du Preez
(PRINCIPAL)
Aldes Novare
Gauteng
Summary

This is a fast food store that sells fish and chips to walk in customers . It is located in a busy mall.

Fish & Chips Take away in busy mall in Orange Farm
SELLING PRICE AFS
R 330,000* ZAR
Stock: R30,000
Assets: R180,000
R 14,118 ZAR
Summary

This is a fast food store that sells fish and chips to walk in customers . It is located in a busy mall.

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

Fully describe the business's activities?
This is a Fish and Chips take away shop serving freshly made hot food. Has an eat in area too

How long has the business been established?
Since 2012

How long has the owner had the business?
For 3 years

How does the business operate on a daily basis?
Serves walk in customers from its selective menu

How are the clients attracted to the business?
Shopping centre advertising, walk ins

What Advertising/Marketing is carried out?
Only what the centre offers , no additional advertising done by owner

Does the business have any contract work?
Not at present

What competition exists?
There are various fast food restraurants in the mall

What are the seasonal trends?
Busiest during month end

Is the business VAT Registered?
The business is VAT registered

Are there up-to-date Management Accounts available?
Available on file, owner is also willing for buyer to spend time within shop to prove figures. Monthly GAAP reports is also available for dd purposes.

What Balance Sheet and Income Statements are available?
None.

What percentage of the business is cash/credit?
100% cash

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

How could the profitability of the business be improved?
The business requires commitment from owner or appoint a manager. There are potential managers within the existing staff members.

Is Seller finance available and for what amount?
Seller would consider

What is the payback period?
It is negotiable

What is the ROI?
35%

Who is the bookkeeper/Accountant?
Business uses GAAP system

What is the total staff complement?
4 permanent staff and 1 temp

Give a breakdown of staff/ functions/ length of service?
Business started with the current staff

Do any receive special perks or incentives?
Not at present

Are they on contract?
Staff is permanent

Do any have management potential?
Yes, there is potential

How involved is the Owner in running the business?
Initially the owner was 100% involved, which has since decreased due to other business interests.

When does the current lease end?
The lease is renewable in July with a promised decrease in rental amount.

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

What is the annual escalation %?
Information is available on lease

What are the trading hours?
9am - 8pm

What is the square meters of the business?
Information available on lease copy

Who is the Owner/Landlord?
Information is available on lease agreement

Is a copy of the lease available?
Upon request

Do you require a licence?
No licence required

What lease deposit and/or other surety is required?
Information is available on lease agreement.

What are the main assets of the business?
Kitchen equipment Fridges

Are any items not included in the sale?
No, everything is included

What is their overall condition?
Good working order

Do any require repairing?
None need repairing

How have they been valued ?
Resale price

Which assets are on lease/HP and with whom?
None

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?
N/A

Strengths?
Only Fish and Chips in the mall

Weaknesses?
Limited menu options

Opportunities?
New owner can increase menu offering, and do deliveries

Threats?
Other fast food shops in the mall

What is the reason for the sale?
Owner wants to relocate

Why is this a good business?
It's a fast food convenience for the working staff in the shopping mall, it is well run and good staff turnover

What is the price plus stock and the net profit?
R480 000

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FRANCHISE DETAILS

Aldes Novare

3 members
22 active mandates
Gauteng
91 Bellairs Manor, 120 Bellairs Drive
2162

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