Sectors / Category

Annual turnover

|
  • Mandate: 32106
  • Added: 21 Jun 2018
  • 826

Well known Flame Grilled Chicken Franchise

Gauteng, Pretoria
826
Mandate 32106
Added 21 Jun 2018
R 830,000* ZAR
Stock: R 30,000
Assets: R 0
R 21,648 ZAR
Bronwen Barnard
Aldes Focus
Gauteng
Summary

Good business which forms part of an expanding franchise group. Great location, busy centre with lots of passing trade. This take-away is popular choice for customers due to the high quality food and good reputation they've already acquired. Room for growth.

SELLING PRICE
R 830,000* ZAR
Stock: R30,000
Assets: R0
R 21,648 ZAR
Summary

Good business which forms part of an expanding franchise group. Great location, busy centre with lots of passing trade. This take-away is popular choice for customers due to the high quality food and good reputation they've already acquired. Room for growth.

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

Fully describe the business's activities?
A established store in a popular flamed grilled chicken franchise restaurant chain that serves take-aways and has space for 30 customers to sit down. The restaurant is well positioned in a busy strip-mall next to a busy road and has attractive shop frontage. The business is well run, with fully trained staff and great reputation in the area. Good franchise support and back-up with low royalty fees. Room for growth with an active owner or manager in place.

How long has the business been established?
The owner opened the store in 2014.

How does the business operate on a daily basis?
The business are managed by a husband and wife team. They open and close every day and handle all orders, payment and managerial activities. They have a well trained staff in place that have been with the business since inception. The business focus more on Take-away and deliveries and most of their customers are walk-in trade.

How are the clients attracted to the business?
The business is well located and easy accessible. The owner does flyer drops and street pole advertising on an ad hoc basis.

What Advertising/Marketing is carried out?
Most advertising and marketing is done by the Franchisor on a national basis. There is a opportunity for a new owner to doe more local advertising and marketing.

What competition exists?
The shopping centre has a small "food court". None of the other restaurants in the centre serves the same menu. There are similar franchises situated in the area.

What are the seasonal trends?
Winter tends to be a quieter month for business, however the figures show a consistent turnover with a peak in December.

Is the business VAT Registered?
The business is a VAT Vendor.

What VAT documentation is on file?
The accountant will be able to provide a interested buyer with all the tax and vat related inquiries.

Are there up-to-date Management Accounts available?
The owner provided us with his in-house management accounts.

What percentage of the business is cash/credit?
50% Cash 50% Card

How could the profitability of the business be improved?
By doing extra local marketing and advertising. A new owner should focus more on deliveries as there is a huge potential to increase sales.

What is the total staff complement?
10 permanent staff members

Give a breakdown of staff/ functions/ length of service?
1 x driver/deliveries 2 x cashiers 2 x Grillers 5 x Kitchen/General

Do any receive special perks or incentives?
All staff receive basic salaries and the owner also provides a small contribution for transport.

Are they on contract?
All staff have up-to-date employment contracts.

Do any have management potential?
One staff member is very trustworthy, loyal and capable to handle some managerial tasks but will have some struggles with customer relations.

How involved is the Owner in running the business?
The owners wife is at the business during the day and he assist in the evenings. The business is mostly owner run, but its not possible to be at the business as much as they would like.

When does the current lease end?
Current lease ends April 2019

Is there an option of renewal & what period?
There's an option to renew for 5 years.

What is the annual escalation %?
10%

What are the trading hours?
Monday - Saturday 10:00 - 23:00 Sundays 10:00 - 21:00

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
1 month rental will be required.

What are the main assets of the business?
A full asset list will be provided. Main assets include: Walk-in Fridge and Freezer Oven and grillers Delivery Bike

Are any items not included in the sale?
Personal Laptop will not be included.

What is their overall condition?
Everything is in a good and working condition.

How have they been valued ?
The owner provided us with a value.

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

Are they presently insured?
Business is comprehensively insured.

Strengths?
- Great Location (Anchor tenant, busy centre, easy accessible, lots of feet) - Well trained staff - Good Franchise support - Development around the centre increasing feet.

Weaknesses?
- No manager in place, owner dependent

Opportunities?
- Doing more local marketing - Focusing on deliveries and boosting the sales.

Threats?
None Perceived.

What is the reason for the sale?
The owner and his wife would like to retire.

Why is this a good business?
This is a great business part of a good franchise group. The business is in a great location, busy centre with lots of passing trade. This take-away is popular choice for customers due to the high quality food and good reputation they've already acquired. Room for growth.

Other listings by Bronwen
R 580KZAR
Franchise
Added : 22 Oct 2018 185
Yearly profit : R348,981
Gauteng
R 4.90MZAR
Franchise
Added : 6 Sep 2018 700
Yearly profit : R1,574,503
Gauteng
R 510KZAR
Franchise
Added : 3 Sep 2018 528
Yearly profit : R244,588
Gauteng
FRANCHISE DETAILS

Aldes Focus

3 members
19 active mandates
Gauteng
282 Fremontia Street
0081

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 555KZAR
Added : 19 Oct 2018 238
Yearly profit : R264,000
Gauteng
R 430KZAR
Added : 4 Oct 2018 160
Yearly profit : R162,375
Western Cape
R 600KZAR
Added : 22 Aug 2018 397
Yearly profit : R-619,000
Gauteng
R 450KZAR
Added : 6 Aug 2018 553
Yearly profit : R137,603
Gauteng
R 575KZAR
Franchise
Added : 9 Jul 2018 684
Yearly profit : R360,000
KwaZulu-Natal
R 475KZAR
Added : 28 Jun 2018 732
Yearly profit : R250,834
Gauteng
R 547KZAR
Franchise
Added : 30 May 2018 692
Yearly profit : R152,123
Gauteng
R 1.12MZAR
Franchise
Added : 24 May 2018 1441
Yearly profit : R398,716
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.30MZAR
Franchise
Added : 12 Nov 2018 16
Yearly profit : R143,096
Gauteng
R 2.08MZAR
Added : 5 Nov 2018 69
Yearly profit : R738,707
Gauteng
R 800KZAR
Added : 1 Nov 2018 174
Yearly profit : R395,050
Gauteng
R 690KZAR
Added : 1 Nov 2018 119
Yearly profit : R300,647
Gauteng
R 1.10MZAR
Added : 22 Oct 2018 150
Yearly profit : R144,168
Gauteng
R 580KZAR
Franchise
Added : 22 Oct 2018 185
Yearly profit : R348,981
Gauteng
R 900KZAR
Added : 22 Oct 2018 162
Yearly profit : R491,375
Gauteng
R 1.71MZAR
Added : 21 Oct 2018 264
Yearly profit : R758,870
Gauteng