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Annual turnover

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  • Mandate: 32208
  • Added: 28 Jun 2018
  • AFS
  • 1088

Fast food East Rand newly established

Gauteng, Johannesburg
1088
Mandate 32208
Added 28 Jun 2018
R 475,000* ZAR
Stock: R 25,000
Assets: R 900,000
R 25,083 ZAR
Stan Moran
(PRINCIPAL)
Aldes Ace
Gauteng
Summary

Located in a residential area on the East Rand and established just a year ago. All new equipment and furniture and fittings. Continuous growth since opening. Manager run, with no owner involvement.

Fast food East Rand newly established
SELLING PRICE AFS
R 475,000* ZAR
Stock: R25,000
Assets: R900,000
R 25,083 ZAR
Summary

Located in a residential area on the East Rand and established just a year ago. All new equipment and furniture and fittings. Continuous growth since opening. Manager run, with no owner involvement.

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Fully describe the business's activities?
Fast Food Restaurant

How long has the business been established?
Since April 2017

How long has the owner had the business?
Since April 2017

How does the business operate on a daily basis?
Shop opens, prepares food and serves walk in customers

How are the clients attracted to the business?
It's in a residential area, so clearly visoble

What Advertising/Marketing is carried out?
None

Does the business have any contract work?
No

What competition exists?
Nothing in close proximity

What are the seasonal trends?
Business has grown steadily since opening, so no trends noticed.

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

Are there up-to-date Management Accounts available?
As presented.

What Balance Sheet and Income Statements are available?
None

What percentage of the business is cash/credit?
No credit given.

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

How could the profitability of the business be improved?
Offer deliveries.

Is Seller finance available and for what amount?
No

What is the Return On Investment?
Over the last 10 months the ROI has averaged 63.4%

What is the Payback Period
Just 19 months, but as a new business, turnover is growing, so it will probably be less than 19 months.

What is the total staff complement?
6

Give a breakdown of staff/ functions/ length of service?
One manager All help in various functions

Do any receive special perks or incentives?
No

Are they on contract?
Yes

Do any have management potential?
Manager in okace

How involved is the Owner in running the business?
Not at all

When does the current lease end?
April 2020

Is there an option of renewal & what period?
Yes

What are the trading hours?
Mon to Thu 9 am to 8 pm; Fri and Sat 9 to 8.30 pm

Is a copy of the lease available?
Yes

What are the main assets of the business?
Equipment, table and chairs, counters etc

Are any items not included in the sale?
No

What is their overall condition?
New in April 2017

Do any require repairing?
No

How have they been valued ?
Cost in April 2017 R900,000

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

Strengths?
A lot of residential complexes and houses in immediate vicinity

Weaknesses?
Not on busy road, so visibility limited.

Opportunities?
Deliveries and alcohol licence would help. More advertising.

Threats?
None so far

What is the reason for the sale?
Owner has no time to spend in the business, as he has other business interests.

Why is this a good business?
Good profits with turnover growing each month. No owner involvement in the running of this business since opening. WIth a personal touch, this could grow to new heights.

What is the price plus stock and the net profit?
R450,000 plus stock R25,000. Net profit approximately R25,000/month

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FRANCHISE DETAILS

Aldes Ace

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

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