Fully describe the business's activities?
This is a well know Franchise offering Pizza and Chicken Fast Food.
How long has the business been established?
The Business was started approximately 20 years ago.
How long has the owner had the business?
The owner has had the business for the last 2 years.
How does the business operate on a daily basis?
The Franchise opens at 9.30 am. Orders are placed throughout the day and delivered by the Franchise and or Mt Delivery. 95% of the business is take away.
How are the clients attracted to the business?
This is a well know Pizza and Chicken Franchise that has bee situated in the area for over 20 years.
What Advertising/Marketing is carried out?
Head Office markets via the website and the owner via Facebook. They also appear on the Mr delivery website.
Does the business have any contract work?
What competition exists?
There is some competition in the centre but no Pizza/Chicken Franchise.
What are the seasonal trends?
It tends to be slightly quieter in August and September.
Is the business VAT Registered?
The business is VAT registered
What VAT documentation is on file?
Vat documentation is available for due diligence purposes.
Are there up-to-date Management Accounts available?
Yes they are available for inspection and have been utilised to finalise this report.
What Balance Sheet and Income Statements are available?
This is available.
What percentage of the business is cash/credit?
99% of the business is takeaway. They do have 16 seats available for sitdowns.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Drop off menus in the suburb.
Is Seller finance available and for what amount?
The buyer would consider from strong applicants a small percentage if required.
What is the total staff complement?
The total staff compliment is 10.
Do any receive special perks or incentives?
Are they on contract?
All staff are on contract.
Do any have management potential?
How involved is the Owner in running the business?
The owner is 100% involved in the business and assisted by a Manager. The Manager can be replaced.
When does the current lease end?
The current lease ends in 2021.
Is there an option of renewal & what period?
There is a renewal option. The escalation is 8%.
What is the annual escalation %?
The escalation is 8%.
What are the trading hours?
& days a week. The trading hours in the business are reasonable and start at 9.30 am and ending by 9.00 pm.
What is the square meters of the business?
The Square meterage is 130 sm which includes the verandah area.
Who is the Owner/Landlord?
To be advised
Is a copy of the lease available?
Yes if client would like to view for due diligence.
Do you require a licence?
No license is require. Just approval of the franchisor.
What lease deposit and/or other surety is required?
To be advised.
What are the main assets of the business?
The main assets of the business are fittings, kitchen items and office equipment.
Are any items not included in the sale?
What is their overall condition?
The condition of the assets are good.
Do any require repairing?
No assets require repairing at time of completion of this report.
How have they been valued ?
Owners Estimate to purchase secondhand where applicable.
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
The store had a full revamp in 2017. Good strong brand, well known in the area. High quality wood burner Pizzas and Chicken.
Great business to manage if your first move into the fast food industry.
What is the reason for the sale?
Owner wishes to retire to the coast.
Why is this a good business?
Lovely easy take away Franchise concept.
What is the price plus stock and the net profit?
See mandated details.
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