Sectors / Category

Annual turnover

|
  • Mandate: 32647
  • Added: 08 Jan 2019
  • AFS
  • 1359

Two Profitable Wimpy's

Western Cape, West Coast
1359
Mandate 32647
Added 08 Jan 2019
R 5,095,000* ZAR
Stock: R 100,000
Assets: R 5,150,020
R 113,507 ZAR
Hugo Tallie
(PRINCIPAL)
Aldes Winelands
Western Cape, Paarl
Western Cape, Paarl
Summary

Two well known and profitable Wimpy's for sale , both for R 5,5 mil as going concern. The one Wimpy is located in small upmarket mall in West Coast and the other in nearby coastal town.

Two Profitable Wimpy's
SELLING PRICE AFS
R 5,095,000* ZAR
Stock: R100,000
Assets: R5,150,020
R 113,507 ZAR
Summary

Two well known and profitable Wimpy's for sale , both for R 5,5 mil as going concern. The one Wimpy is located in small upmarket mall in West Coast and the other in nearby coastal town.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
This well established Wimpy's have been around for many years.The one, relocate to the new site during 2015 and is 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. The second Wimpy is located in main mall +- 25 km from the other one in fast-growing coastal town. Both Wimpy's seats around 140 .

How long has the business been established?
The one Wimpy has been established for 13 years and the other one for 6 years

How long has the owner had the business?
The current owner has the business for 4 years

How does the business operate on a daily basis?
Wimpy 1 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. Wimpy 2 This Wimpy is located in the only Mall of fast growing coastal town with tenants such as Pick-a-Pay , Checkers , Clicks , Woolworths food ,Spur and many other . This business is mainly run by the owner and one Manager

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 and their location

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?
Wimpy 1 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 Wimpy 2 Nearby Competition is small no-name Coffee Shop and Spur in the Mall.

What are the seasonal trends?
Wimpy 1 There's no real seasonal trends Wimpy 2 Turnover increases during weekends and holidays.

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?
Wimpy 1 The Profitability of the business can be improved if the business are operated by the owner on a full-time basis Wimpy 1 and 2 The Turnover will increase if a delivery service is implemented

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?
Wimpy 1 Managers x 2 Grill x 4 Self-serve x 3 Kitchen x 1 Waiters x 4 Wimpy 2 Manager x 1 Cashier x 1 Waiters x 6 Grill x 4 Soft serve x 3 Other x 2

How involved is the Owner in running the business?
The Owner is involved in the overall management of both business - not on a full time basis @ Wimpy 1

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?
Wimpy 1 is 250 square meters Wimpy 2 is 320 square meters

Is a copy of the lease available?
Yes , a copy of the lease is available

Strengths?
This is a well known National Franchise

Weaknesses?
No weaknesses are perceived

Opportunities?
A new Owner could advertise and offer a delivery service to surrounding businesses in the area

Threats?
Standard Economic Threats

What is the reason for the sale?
The Owner wants to join the family business

Why is this a good business?
Profitable and established businesses of a well known Franchise strategically located in fast growing Cape West Coast

What is the price plus stock and the net profit?
The Price of both Wimpy's are R 5 600 000,00 (including R 100 000 stock) with a annual Net Profit of R 1 362 089 (EBITA)

Other listings by Hugo
R 5.00MZAR
Added : 4 Jun 2019 298
Yearly profit : R885,008
Western Cape
R 343KZAR
Added : 3 Jun 2019 238
Yearly profit : R101,810
Western Cape
R 1.90MZAR
Added : 17 Aug 2018 990
Yearly profit : R617,921
Western Cape
FRANCHISE DETAILS

Aldes Winelands

2 members
10 active mandates
Western Cape , Paarl
14 Auret Street Paarl Western Cape 7646
Paarl
7357

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 7.49MZAR
Franchise
Added : 4 Jun 2019 204
Yearly profit : R2,760,746
Gauteng
R 3.90MZAR
Added : 30 May 2019 216
Yearly profit : R1,147,607
Western Cape
R 5.20MZAR
Added : 19 May 2019 195
Yearly profit : R2,546,587
Mpumalanga
R 2.95MZAR
Franchise
Added : 17 May 2019 392
Yearly profit : R1,135,312
Gauteng
R 5.07MZAR
Franchise
Added : 28 Mar 2019 313
Yearly profit : R-743,655
Gauteng
R 5.51MZAR
Franchise
Added : 6 Feb 2019 658
Yearly profit : R1,830,116
Gauteng
R 4.00MZAR
Franchise
Added : 24 Nov 2018 652
Yearly profit : R1,654,253
Western Cape
R 3.50MZAR
Franchise
Added : 14 Nov 2018 841
Yearly profit : R2,177,600
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 245KZAR
Franchise
Added : 16 Jul 2019 13
Yearly profit : R464,472
Gauteng
R 1.52MZAR
Added : 15 Jul 2019 95
Yearly profit : R822,607
Gauteng
R 1.65MZAR
Added : 12 Jul 2019 114
Yearly profit : R1,412,503
Gauteng
R 1.80MZAR
Added : 12 Jul 2019 91
Yearly profit : R645,952
Gauteng
R 460KZAR
Added : 12 Jul 2019 100
Yearly profit : R264,000
Gauteng
R 1.25MZAR
Added : 12 Jul 2019 109
Yearly profit : R407,635
Gauteng
R 545KZAR
Added : 10 Jul 2019 93
Yearly profit : R299,312
Gauteng
R 1.83MZAR
Added : 9 Jul 2019 122
Yearly profit : R852,799
Gauteng