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  • Mandate: 32134
  • Added: 26 May 2018
  • AFS
  • 1202

Franchised Fast Food Combo Steers and Debonairs

Gauteng, Johannesburg
1202
Mandate 32134
Added 26 May 2018
R 2,200,000* ZAR
Stock: R 0
Assets: R 2,000,000
R 70,832 ZAR
Stan Moran
(PRINCIPAL)
Aldes Ace
Gauteng
Summary

Established Famous Brands franchise resale in East Rand shopping centre. Selling for below new start up cost with fully trained staff offering takeaways and deliveries.

Franchised Fast Food Combo Steers and Debonairs
SELLING PRICE AFS
R 2,200,000* ZAR
Stock: R0
Assets: R2,000,000
R 70,832 ZAR
Summary

Established Famous Brands franchise resale in East Rand shopping centre. Selling for below new start up cost with fully trained staff offering takeaways and deliveries.

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Fully describe the business's activities?
Steers and Debonairs Fast Food franchise.

How long has the business been established?
20 years

How long has the owner had the business?
12 years

How does the business operate on a daily basis?
Staff arrive, start food preparation and then serve takeaway and delivery orders throughout the day

How are the clients attracted to the business?
National advertising and prominent signage. Located in popular shopping centre.

What Advertising/Marketing is carried out?
Franchisor advertises nationally on TV, sign boards and print media.

Does the business have any contract work?
No

What competition exists?
The usual fast food outlets

What are the seasonal trends?
Year end is usually quieter as people go away and then come home with little money left.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
VAT returns for due diligence

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

What Balance Sheet and Income Statements are available?
No - part of a group financial structure

What percentage of the business is cash/credit?
30% cash, 60% card and 10% online

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

How could the profitability of the business be improved?
More owner involvement in the day to day operations. Savings can be made in cost of sales and general maintenance with owner involvement

Is Seller finance available and for what amount?
No

What is the total staff complement?
16

Give a breakdown of staff/ functions/ length of service?
3 managers 4 front of house (cashiers) 9 kitchen staff and chef 4 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?
General oversight of day to day operations but not involved operationally on a daily basis

When does the current lease end?
April 2021

Is there an option of renewal & what period?
Yes - negotiable

What is the annual escalation %?
10%

What are the trading hours?
9 am to 9 pm daily

What is the square meters of the business?
171 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

When and how often is a revamp required?
Every 5 years. This store was revamped on May 2017 at cost of R700,000, so next will be in May 2022

What are the main assets of the business?
Equipment, signage, counters, fridges, freezers etc. 4 delivery bikes are included.

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?
Two well known national brands and part of the Famous Brands group. Consistent quality throughout the country ensures returning customers.

Weaknesses?
Seven day week requires managers to help run the stores.

Opportunities?
With hands on management, savings can be made on various purchases and maintenance oversight in the store

Threats?
General economic issues, but these can benefit takeaways whilst negatively affecting restaurants.

What is the reason for the sale?
Owner is spread too thin to control too many businesses.

Why is this a good business?
Good opportunity to acquire an established franchise, for less than the startup cost of a similar outlet.

What is the price plus stock and the net profit?
Price is R2,200,000 plus stock (at estimated cost) R40,000 as a going concern (zero rated) to a VAT registered purchaser. Additional cost is franchise joining fee of R67,840 per brand, so R135,680 [payable to franchisor).

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FRANCHISE DETAILS

Aldes Ace

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

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