Fully describe the business's activities?
This is a Pizza / Burger Perfect combo store that is currently Manager run.
How long has the business been established?
The seller opened the store in 2016 for his wife.
How long has the owner had the business?
How does the business operate on a daily basis?
The business opens at 08h30 and closes around 21h00. The reason for opening early is due to the Burger side that does breakfast as well.
How are the clients attracted to the business?
The store in situated in a strip mall with major brands such as woolies, Super Spar etc. So a busy centre Deliveries are done with 1 x bike that belongs to the store, and 2 x others are outsourced.
What Advertising/Marketing is carried out?
The Franchisor engages in marketing activity.
Does the business have any contract work?
Is the business VAT Registered?
Yes it is.
What VAT documentation is on file?
All are up to date with the business accountant. Function is outsourced.
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Up to November 2018 Management accounts are available.
What percentage of the business is cash/credit?
All cash and card
How could the profitability of the business be improved?
In this case very easy, just a bit more effort on the owners side and a bit of additional marketing.
Is Seller finance available and for what amount?
What is the total staff complement?
17 in total
Give a breakdown of staff/ functions/ length of service?
5 x pizza makers 4 x cashiers 3 x bikers 3 x Burger staff 1 x supervisor 1 x Manager
Do any receive special perks or incentives?
Are they on contract?
Yes most are, but some are casuals.
Do any have management potential?
There is currently a Manager in place.
How involved is the Owner in running the business?
Not at all.
When does the current lease end?
Is there an option of renewal & what period?
Yes, 5 years
What is the annual escalation %?
What are the trading hours?
08h30 to about 21h00 over weekends. Wekdays are generally a bit less as it closes earlier.
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
No, but Franchisor approval is necessary.
What lease deposit and/or other surety is required?
What are the main assets of the business?
Pizza making equipment and accessories.
Are any items not included in the sale?
All are included
What is their overall condition?
Do any require repairing?
How have they been valued ?
Value that appears on B/S
Which assets are on lease/HP and with whom?
Are they presently insured?
Situated in a good centre with major retailers which attract feet. Large residential complexes in the area. Large residential complexes being developed in the area.
Currently not much focus on expenses and little owner involvement
What is the reason for the sale?
The owner bought the business for his wife which has lost interest.
Why is this a good business?
The business is situated in a good centre, in a good area, with large residual complexes around it and major ones in the process of being built. This store is very good expansion capabilities over the next 12 months.
What is the price plus stock and the net profit?
R1645m plus 50k stock. Profit is about 50k per month excluding depreciation and owner drawings.
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