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Annual turnover

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  • Mandate: 32916
  • Added: 25 Mar 2019
  • AFS
  • 351

Milky Lane Franchise

Gauteng, Johannesburg
351
Mandate 32916
Added 25 Mar 2019
R 1,785,000* ZAR
Stock: R 35,000
Assets: R 750,000
R 62,496 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Well established franchise in large mall for sale. manager run with trained staff.

Milky Lane Franchise
SELLING PRICE AFS
R 1,785,000* ZAR
Stock: R35,000
Assets: R750,000
R 62,496 ZAR
Summary

Well established franchise in large mall for sale. manager run with trained staff.

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Fully describe the business's activities?
Very well established Milky lane. Operational for many years, recently relocated in food court of large regional mall. Enjoys both covered and indoor seating. Large food courts draws clients. Operates 7 days per week. brand speaks for itself.

How long has the business been established?
Over 10 years

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
Business is currently run by a manager. The costs reflected in the accounts include savings of an owner run business. Opens at 10 during the week and 9 on weekends. Clients are typically dawn from the mall.

How are the clients attracted to the business?
No marketing is done so word of mouth and the location in the mall

What Advertising/Marketing is carried out?
None other than head office

What competition exists?
There are no real direct competitors although some other brands offer some of the same products but not all

What are the seasonal trends?
Holidays would tend to be better

Is the business VAT Registered?
yes

Are there up-to-date Management Accounts available?
Yes- note must be taken that the costs are for an owner run business.

How could the profitability of the business be improved?
Being owner operated would further increase profits due to margin management. More marketing required

What is the total staff complement?
Business has 16 staff. Business should run with 4 less if owner is present

How involved is the Owner in running the business?
Not involved daily.

When does the current lease end?
2021

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
8%

What are the trading hours?
Mon-Thurs 10-9 Fri- Sun 9-10. Sunday hours could be reduced.

What lease deposit and/or other surety is required?
Subject to landlord

What are the main assets of the business?
Operational assets, tables chairs, kitchen equipment

What is their overall condition?
Very good, business re-vamped with relocation to current site in 2016

Do any require repairing?
No, face-lift revamp of around R80k possibly needed in 2021

Strengths?
Well know brand, product offering, no competition, trained staff, have value price point, products attractive to wide LSM

Weaknesses?
Owners not involved

Opportunities?
Cake sales, marketing to many schools in area

Threats?
None

What is the reason for the sale?
Sellers have corporate jobs

Why is this a good business?
Well established, unique, trained staff , great location

What is the price plus stock and the net profit?
R1,750,000

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FRANCHISE DETAILS

Aldes Active

1 members
15 active mandates
Gauteng
Postnet Suite 129, Post Box 92418
2117

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