Sectors / Category

Annual turnover

|
  • Mandate: 32896
  • Added: 26 Jun 2019
  • AFS
  • 844

2 Franchised Fast Food Restaurants in Pretoria - Franchise

Gauteng, Pretoria
844
Mandate 32896
Added 26 Jun 2019
R 1,450,000* ZAR
Stock: R 50,000
Assets: R 0
R 56,167 ZAR
Peter John Kind
Aldes Focus
Gauteng
Summary

Manager run. Situated in busy mall.

2 Franchised Fast Food Restaurants in Pretoria - Franchise
SELLING PRICE AFS
R 1,450,000* ZAR
Stock: R50,000
Assets: R0
R 56,167 ZAR
Summary

Manager run. Situated in busy mall.

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

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 %?
8 %

What is the square meters of the business?
101 sqm

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.

Strengths?
Well manager franchise business. Popular fast food concept - Braai food. Located in busy mall close to transport.

Weaknesses?
Will benefit from hands on management by owner.

Opportunities?
Restaurant can be re branded , if needed by new owner.

Threats?
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 profit?
R 1 450 000-00 (excluding stock) R 56,167.00 profit per month.

Other listings by Peter John
R 1.75MZAR
Added : 28 Oct 2019 337
Yearly profit : R1,560,022
Gauteng
R 5.50MZAR
Added : 26 Sep 2019 589
Yearly profit : R3,419,244
Gauteng
R 525KZAR
Added : 9 Sep 2019 739
Yearly profit : R269,298
Gauteng
FRANCHISE DETAILS

Aldes Focus

6 members
52 active mandates
Gauteng
Menlyn Woods Office Park Office Block C 291 Sprite Street Faerie Glen
0081

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 1.20MZAR
Added : 13 Nov 2019 80
Yearly profit : R264,379
Mpumalanga
R 1.16MZAR
Added : 11 Nov 2019 112
Yearly profit : R325,416
Mpumalanga
R 2.06MZAR
Franchise
Added : 24 Oct 2019 122
Yearly profit : R307,815
Limpopo
R 920KZAR
Added : 24 Aug 2019 284
Yearly profit : R509,148
Western Cape
R 1.50MZAR
Added : 26 Mar 2019 1003
Yearly profit : R690,263
Gauteng
R 1.80MZAR
Added : 26 Mar 2019 964
Yearly profit : R851,190
Gauteng
R 1.99MZAR
Franchise
Added : 23 Jan 2017 5403
Yearly profit : R1,212,985
Gauteng
R 850KZAR
Franchise
Added : 6 May 2016 3092
Yearly profit : R175,734
North West

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.50MZAR
Added : 21 Nov 2019 16
Yearly profit : R720,736
Gauteng
R 1.70MZAR
Added : 20 Nov 2019 67
Yearly profit : R846,114
Gauteng
R 680KZAR
Franchise
Added : 20 Nov 2019 42
Yearly profit : R290,761
Gauteng
R 1.40MZAR
Franchise
Added : 18 Nov 2019 135
Yearly profit : R486,277
Gauteng
R 1.05MZAR
Franchise
Added : 15 Nov 2019 128
Yearly profit : R588,000
Gauteng
R 880KZAR
Added : 12 Nov 2019 154
Yearly profit : R488,844
Gauteng