Fully describe the business's activities?
This well established Wimpy has been around for many years , but relocate to the new site during 2015 .Located in a trendy mall next to the entrance of a well known and extremely busy Pick-a-Pay Family Supermarket on the Cape West Coast. Manager run.
How long has the business been established?
The business relocate during 2015
How long has the owner had the business?
The current owner has the business from 2015
How does the business operate on a daily basis?
The business are mainly managed by the manager's team. They open and close every day and do all the daily functions associated with a Wimpy Franchise. The owner handle all orders, payment and other managerial activities. They have a well trained staff in place that have been with the business since inception.
How are the clients attracted to the business?
The business is well located and easy accessible .Clients are mainly attracted to the business because of the well-known national brand
What Advertising/Marketing is carried out?
Marketing and Advertising is done by the Head Office
Does the business have any contract work?
No , the business have no Contract Work
What competition exists?
Nearby Competition is a small no-name Coffee Shop in the Mall . There's also a bigger Mall (+- 5 km away) with a Spur , Wimpy and Panarottis .
What are the seasonal trends?
There's no real seasonal trends .
Is the business VAT Registered?
Yes, the business is VAT registered
What VAT documentation is on file?
All Vat201 returns is available on due diligent fase
Are there up-to-date Management Accounts available?
Yes , up to date Management Accounts is available
What percentage of the business is cash/credit?
100 % Cash
What is the age analysis of the debtors book?
No Debtor book
How could the profitability of the business be improved?
The Profitability of the business can be improved if the business are operated by the owner on a full-time basis
Is Seller finance available and for what amount?
No Seller Finance is available
What is the total staff complement?
Total Staff is 15
Give a breakdown of staff/ functions/ length of service?
Managers x 2 Grill x 4 Self-serve x 3 Kitchen x 1 Waiters x 4
How involved is the Owner in running the business?
The Owner is involved in the overall management of the business - not on a full time basis - he owns a second Wimpy in nearby Coastal town
When does the current lease end?
The Current lease end on December 2020
Is there an option of renewal & what period?
Yes , an option to renew for a future 5 years
What is the annual escalation %?
The Escalation is 7 % p.a.
What are the trading hours?
Trading hours are from * Monday to Saturday 7H30 -till 18H00 * Sunday from 8H30 till 14H00
What is the square meters of the business?
The business is about 250 square meters
Is a copy of the lease available?
Yes , a copy of the lease is available
This is a well known National Franchise
No weaknesses are perceived
A new Owner could advertise and offer a delivery service to surrounding businesses in the area
Standard Economic Threats
What is the reason for the sale?
The owner has another Wimpy and which to consolidate his business activities to his resident town.
Why is this a good business?
A profitable and established business of a well known Franchise strategically located outside of one of the anchor tenants of the Shopping Centre.
What is the price plus stock and the net profit?
The Price of the Business is R 2 ,2 mil with a annual Net Profit of R 424 164
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