Sectors / Category

Annual turnover

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  • Mandate: 32079
  • Added: 07 May 2018
  • AFS
  • 1205

Take Aways & Covenience Foods

Mpumalanga, Highveld
1205
Mandate 32079
Added 07 May 2018
R 350,000* ZAR
Stock: R 20,000
Assets: R 200,000
R 32,890 ZAR
Angela Smith
(PRINCIPAL)
Aldes Middelburg
Mpumalanga
Summary

Fast Food is taking over the industry with convenience foods becoming ever popular . Time limits and fast paced lives attract the average working person .

SELLING PRICE AFS
R 350,000* ZAR
Stock: R20,000
Assets: R200,000
R 32,890 ZAR
Summary

Fast Food is taking over the industry with convenience foods becoming ever popular . Time limits and fast paced lives attract the average working person .

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Fully describe the business's activities?
Selling a variety of Fast Food products for the consumer that has limited time.

How long has the business been established?
Since 2017

How long has the owner had the business?
September 2017

How does the business operate on a daily basis?
The food is freshly prepared on a daily basis . Cooked stews , curries , vegetables and salads are prepared fresh every morning . Russians & other processed meats are defrosted and ready for frying as and when clients request. Potatoes for chips are pre -cooked and fried when ordered.

How are the clients attracted to the business?
Fast , efficient & tasty food products at affordable prices.

What Advertising/Marketing is carried out?
None Advertisement boards should be visible from the main street

What are the seasonal trends?
still to be established after one year

Are there up-to-date Management Accounts available?
The Seller keeps a daily ledger record of the sales ( manual ledger ) this is normal for takeaway businesses.

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

What is the total staff complement?
3

Give a breakdown of staff/ functions/ length of service?
2 ladies preparing food - working on different shifts 1 male - as manager until close 8pm

How involved is the Owner in running the business?
Owner is not involved in the daily operations. Business is managed and owner is informed of stock purchases , daily sales and activities in the business.

When does the current lease end?
The lease ends 31st August 2022

Is there an option of renewal & what period?
8% escalation & option to renew available terms & conditions to be discussed with Landlord

What are the trading hours?
Monday - Friday : 7am to 8am Saturday 7am to 9pm/9:30pm Sunday 8am to 6pm Sometimes the hours are extended when the town is busy.

What is the square meters of the business?
75m2

Is a copy of the lease available?
Yes .

What lease deposit and/or other surety is required?
The landlord will determine the deposit amount.

What are the main assets of the business?
Total of Assets : R220 000

Strengths?
1. Location is excellent 2. Product is popular and in demand 3. Affordable prices

Opportunities?
To open up a terrace sit in & eat

What is the reason for the sale?
Owner wants to focus on his main business

What is the price plus stock and the net profit?
R550 000 excl Stock R20000 Assets

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FRANCHISE DETAILS

Aldes Middelburg

1 members
11 active mandates
Mpumalanga
3 Sering Street, Kanonkop
1095

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