Sectors / Category

Annual turnover

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  • Mandate: 32540
  • Added: 19 Oct 2018
  • AFS
  • 0

Fast food in business park 5 day week 08h00 to 14h30

Gauteng, Johannesburg
0
Mandate 32540
Added 19 Oct 2018
R 555,000* ZAR
Stock: R 15,000
Assets: R 150,000
R 22,000 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

Fast food shop selling a quality selection ranging from chips, burgers, russians and toasted sandwiches

Fast food in business park 5 day week 08h00 to 14h30
SELLING PRICE AFS
R 555,000* ZAR
Stock: R15,000
Assets: R150,000
R 22,000 ZAR
Summary

Fast food shop selling a quality selection ranging from chips, burgers, russians and toasted sandwiches

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please supply us with your details below

Fully describe the business's activities?
Fast food shop selling a selection ranging from chips, burgers, russians and toasted sandwiches to a large number of offices and factories in the area. They do deliveries and clients phone through and pick up their orders, payment either cash or card.

How long has the business been established?
Since 2009

How long has the owner had the business?
Since 2010

How does the business operate on a daily basis?
The owner and her husband run the business together, they open and close

How are the clients attracted to the business?
The business is well known for its quality food

What Advertising/Marketing is carried out?
They have a website and send out occasional pamphlets advertising specials etc

Does the business have any contract work?
No, just regular repeat business

What competition exists?
There are some other food outlets in the area offering Pap and Vors and generally a much lower quality of food

What are the seasonal trends?
They close in December/January and all public holidays as the business in the area close down during this period

Is the business VAT Registered?
No

What VAT documentation is on file?
None

Are there up-to-date Management Accounts available?
The seller has provided a basic average Profit and Loss with a turnover of R92 000 and profits including their drawings of R24 000 per month. Turnover varies from about R90 000 to R120 000 per month, obviously turnover in December is lower but is made up with better months during the year.

What Balance Sheet and Income Statements are available?
It is recommended that a buyer spends time in the business to satisfy themselves that the business is as advertised

What percentage of the business is cash/credit?
About 30% cards and 70% cash

What is the age analysis of the debtors book?
None

How could the profitability of the business be improved?
The business currently delivers via 2 bicycles which limits their range, the seller states that a scooter could increase turnover by up to 20%, one of the bicycle drivers is currently getting his learners licence

Is Seller finance available and for what amount?
No

What is the total staff complement?
Besides the owner and her husband there are 4 kitchen staff and 2 on delivery who also help in the kitchen peeling potatoes etc when they are not on deliveries

Do any receive special perks or incentives?
No

Are they on contract?
No

Do any have management potential?
No

How involved is the Owner in running the business?
Fully involved

When does the current lease end?
Jan 2019

Is there an option of renewal & what period?
Yes 3 years (to be confirmed)

What is the annual escalation %?
8% but negotiating for 4%

What are the trading hours?
Monday to Friday 08h00 to 14h30 (normally they do prep from 07h30)

What is the square meters of the business?
+- 60 square metres including a storeroom

Is a copy of the lease available?
This can be made available during due diligence

Do you require a licence?
No

What lease deposit and/or other surety is required?
One month deposit and first months rent

What are the main assets of the business?
Kitchen equipment and fridges and 2 bicycles

Are any items not included in the sale?
No

What is their overall condition?
Good working order

Do any require repairing?
Normal maintenance

How have they been valued ?
Owners valuation

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?
Fast food shop selling a selection ranging from chips, burgers, russians and toasted sandwiches 5 Day week from 08h00 to 14h30

Weaknesses?
None

Opportunities?
The business currently delivers via 2 bicycles which limits their range, the seller states that a scooter could increase turnover by up to 20%, one of the bicycle drivers is currently getting his learners licence

Threats?
None known

What is the reason for the sale?
The owners are past retiring age and want to retire

Why is this a good business?
Excellent working hours 5 days a week

What is the price plus stock and the net profit?
The business nets a profit of approximately R24 000pm and is selling for R540 000 plus stock of approximately R15 000

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FRANCHISE DETAILS

Aldes Central

1 members
8 active mandates
Gauteng
Nillsord Avenue
2026

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