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Annual turnover

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  • Mandate: 32132
  • Added: 29 May 2018
  • AFS
  • 1954

Steers, Debonairs and Fishaways franchise resale opportunity

Gauteng, Johannesburg
1954
Mandate 32132
Added 29 May 2018
R 4,240,000* ZAR
Stock: R 60,000
Assets: R 3,000,000
R 103,410 ZAR
Stan Moran
(PRINCIPAL)
Aldes Ace
Gauteng
Summary

Opportunity to buy a triple branded store at less than the new start up cost for similar enterprise. Established in 2002 in very popular and busy East Rand venue. Manager run but will always benefit from hands on owner involvement.

Steers, Debonairs and Fishaways franchise resale opportunity
SELLING PRICE AFS
R 4,240,000* ZAR
Stock: R60,000
Assets: R3,000,000
R 103,410 ZAR
Summary

Opportunity to buy a triple branded store at less than the new start up cost for similar enterprise. Established in 2002 in very popular and busy East Rand venue. Manager run but will always benefit from hands on owner involvement.

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

Fully describe the business's activities?
Steers, Fishaways and Debonairs fast food outlet.

How long has the business been established?
Since 2002

How long has the owner had the business?
Since 2017

How does the business operate on a daily basis?
Food is prepared fresh daily, served as takeaways, collected or delivered for three brands.

How are the clients attracted to the business?
Situated in popular centre with established customer base and visible signage.

What Advertising/Marketing is carried out?
Franchisor advertises extensively on national TV and other media. Prominent signage on the shop front in busy centre.

Does the business have any contract work?
No

What competition exists?
Usual fast food outlets in centre

What are the seasonal trends?
Usually quieter over Christmas when people go on holiday, otherwise steady.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Returns for due diligence

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
No

What percentage of the business is cash/credit?
40% cash. 50% card, 10% online.

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

How could the profitability of the business be improved?
Hands on owner involvement can reduce food and maintenance costs and improve general performance and profitablity.

Is Seller finance available and for what amount?
No

What is the payback period?
41 months

What is the ROI?
29.3%

What is the total staff complement?
32

Give a breakdown of staff/ functions/ length of service?
4 managers 6 front of house (cashiers) 17 back of house (chefs etc) 5 delivery drivers

Do any receive special perks or incentives?
No

Are they on contract?
No

Do any have management potential?
Yes

How involved is the Owner in running the business?
Overseas daily operations of this and other businesses, so not involved enough.

When does the current lease end?
March 2022

Is there an option of renewal & what period?
Yes - can be negotiated

What is the annual escalation %?
8%

What are the trading hours?
8 am to 9 pm

What is the square meters of the business?
343 sqm

Is a copy of the lease available?
Yes

Do you require a licence?
Yes

What lease deposit and/or other surety is required?
2 month's rent

What are the main assets of the business?
Signage, counters, table, chairs, equipment and 5 deliver bikes

Are any items not included in the sale?
No

What is their overall condition?
Fair to good

Do any require repairing?
No

How have they been valued ?
Market value

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?
Yes

Strengths?
Well known national franchise brands with established procedures and loyal customer base

Weaknesses?
Seven day a week business, requiring management staff to assist in operation. General economic conditions.

Opportunities?
With more owner involvement, savings can be made in food costs as well as general maintenance and operating costs.

Threats?
None perceived, other than economic.

What is the reason for the sale?
Owner has too many other businesses and cannot give sufficient attention to this one.

Why is this a good business?
Established brand selling at less than the cost of new startup. Trained staff and managers already in place and great location. A major R1.5m revamp carried out in November 2017. Subject to franchisor approval, this venue could be converted to Halal (at purchaser's expense).

What is the price plus stock and the net profit?
Price as a going concern (zero rated for VAT to registered buyer) is just R4.180,000 plus stock (at cost) estimated at R60,000. Additional joining fees payable to the franchisor amount to R191,860 (exc. VAT) for the three franchise brands.

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FRANCHISE DETAILS

Aldes Ace

1 members
11 active mandates
Gauteng
6 Nightingale Road, Atlasville
1459

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