Fully describe the business's activities?
These 2 Franchise Fast Food Restaurant sells take away foods. The menu consists of mostly grilled meat (braai). The Buyer will be able to re brand the Restaurant or continue with the Franchise (subject to Franchisor approval.)
How long has the business been established?
The business has been operating since 2014.
How long has the owner had the business?
The owner has operated the business since 2014.
How does the business operate on a daily basis?
The business is located in a busy mall,close to a bank branch , and public transport.
How are the clients attracted to the business?
Most clients are walk in customers.
What Advertising/Marketing is carried out?
Facebook ads and Flyers are used to promote Specials to customers.
What competition exists?
Several restaurants operate in the Mall.
Is the business VAT Registered?
Yes , the business is VAT registered.
What VAT documentation is on file?
Vat 201 returns are available.
Are there up-to-date Management Accounts available?
Yes ,detailed management accounts are available,including POS reports and updated Financials.
How could the profitability of the business be improved?
Hands on management will improve Sales , as the current owners spends only 1 hour per day at the business , as he has other business interests.
What is the total staff complement?
13 Staff members are employed.
Give a breakdown of staff/ functions/ length of service?
Most staff have been employed for several years ,including the manager and 2 supervisors.
Do any receive special perks or incentives?
The staff receive occasional cash bonuses , but this is paid at the owners discretion.
Are they on contract?
Yes , all staff members have employment contracts.
How involved is the Owner in running the business?
The owner only spends approx 1 hour per day at the business.
When does the current lease end?
The current lease end in December 2019.
Is there an option of renewal & what period?
Yes , the lease can be renewed for a further 5 years.
What is the annual escalation %?
What is the square meters of the business?
Is a copy of the lease available?
Yes , a copy of the lease is available.
What are the main assets of the business?
Catering equipment,POS system and furniture make up most of the equipment.
What is their overall condition?
All equipment is in fair working order.
Which assets are on lease/HP and with whom?
No lease or HP agreements are in place on any of the equipment.
Well manager franchise business. Popular fast food concept - Braai food. Located in busy mall close to transport.
Will benefit from hands on management by owner.
Restaurant can be re branded , if needed by new owner.
It is unlikely that a similar restaurant will open in the mall.
What is the reason for the sale?
The owner has several other businesses that require his attention.
Why is this a good business?
Great profits. Good location. Experienced staff.
What is the price plus stock and the net profit?
R 1 450 000-00 (excluding stock) R 56,167.00 profit per month.
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