Fully describe the business's activities?
Highly profitable wood fired franchised pizza take out. Business is brand leader. Exceptionally well positioned in local centre in Fourways. Highly trained staff cope with owners 3-4 hours/ day involvement. Area filled with estates who have high lsm residents. Business established in 2011.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Business trades from 10-9 daily. Very limited sit down so most of business is take out or delivery.
How are the clients attracted to the business?
Group advertising, centre mgt, Appetite, word of mouth, reputation, way pizza is cooked
What Advertising/Marketing is carried out?
Group and via Appetite
Does the business have any contract work?
What competition exists?
Number of other take outs in area. None of this offering
What are the seasonal trends?
Dec is slightly better however no more than 10% up
Are there up-to-date Management Accounts available?
Franchisor requires stores to used their internal systems. these are linked directly to franchisor. Accounting records pulled from this system.
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
More hands on owner will likely increase business
What is the payback period?
What is the ROI?
What is the total staff complement?
10 staff, 2 shifts and 5 drivers
How involved is the Owner in running the business?
Owner in 3-4 hours max pd
When does the current lease end?
New leased signed in Oct 2017 for 5 plus 5
Is there an option of renewal & what period?
Yes 5 years
What is the annual escalation %?
What are the main assets of the business?
Operational assets of the business.
What is their overall condition?
Very good. no revamp required.
Great product & brand, well established, trained staff, location, limited owner involvement
Economy, other competitors
More owner involvement
What is the reason for the sale?
Owner looking to immigrate
Why is this a good business?
Well priced easy to run business that is well established in great location and is brand leader
What is the price plus stock and the net profit?
R3,270,000 plus stock
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