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Annual turnover

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  • Mandate: 32968
  • Added: 03 May 2019
  • AFS
  • 261

Well positioned Fish and Chip Franchise needs owner operator

Gauteng, Johannesburg
261
Mandate 32968
Added 03 May 2019
R 405,000* ZAR
Stock: R 15,000
Assets: R 800,000
R 1,370 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

Franchised fish and chip shop in affluent area east of Johannesburg

Well positioned Fish and Chip Franchise needs owner operator
SELLING PRICE AFS
R 405,000* ZAR
Stock: R15,000
Assets: R800,000
R 1,370 ZAR
Summary

Franchised fish and chip shop in affluent area east of Johannesburg

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Fully describe the business's activities?
Franchised Fish and Chip shop in affluent area, east of Johannesburg, new outlet would cost over R1.3million, going for an excellent price and would suit an owner operator to drive this business

How long has the business been established?
18 months

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
The owner or manager open and close the business

How are the clients attracted to the business?
It is in a well known centre with other takeaways and restaurants

What Advertising/Marketing is carried out?
Pamphlets, facebook and instagram plus marketing via the franchisor

Does the business have any contract work?
No, regular customers

What competition exists?
There are no other fish and chip shops in the vicinity of the shop

What are the seasonal trends?
None

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Will be supplied during a due diligence if required

Are there up-to-date Management Accounts available?
Yes, to March 2019

What Balance Sheet and Income Statements are available?
Management accounts to March 2019

What percentage of the business is cash/credit?
15% cash the balance by cards

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
The business ideally needs an owner operator to push the business

Is Seller finance available and for what amount?
No

What is the total staff complement?
Manager, cashier and 6 staff

Give a breakdown of staff/ functions/ length of service?
Manager, cashier and 6 staff

Do any receive special perks or incentives?
No

Are they on contract?
Yes

Do any have management potential?
There is a manager in place

How involved is the Owner in running the business?
Very little

When does the current lease end?
2025

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
9% (to be confirmed)

What are the trading hours?
10h00 to 21h00 Monday to Sunday

What is the square meters of the business?
120 square metres

Is a copy of the lease available?
Will be made available

What lease deposit and/or other surety is required?
Two months rental deposit

What are the main assets of the business?
The assets are all practically brand new and include kitchen equipment, signage and furniture and fittings, the owner has valued these at R800k plus.

Are any items not included in the sale?
No all included

What is their overall condition?
Brand new condition

Do any require repairing?
Normal maintenance

How have they been valued ?
Owners valuation

Which assets are on lease/HP and with whom?
None

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are they presently insured?
Yes

Strengths?
Well known franchise offered at an excellent price due to the owner not having the time to run the business

Weaknesses?
Owner involvement is limited

Opportunities?
Excellent opportunity to acquire an established franchise in excellent area with great growth prospects

Threats?
None known

What is the reason for the sale?
The owner has another business and cannot concentrate time on this business

Why is this a good business?
Well known franchise offered at an excellent price

What is the price plus stock and the net profit?
Selling at R390 000 plus stock of R10-15000

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FRANCHISE DETAILS

Aldes Central

1 members
8 active mandates
Gauteng
Nillsord Avenue
2026

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