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?
How long has the owner had the business?
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?
Is the business VAT Registered?
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?
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?
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?
Are they on contract?
Do any have management potential?
There is a manager in place
How involved is the Owner in running the business?
When does the current lease end?
Is there an option of renewal & what period?
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?
How have they been valued ?
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are they presently insured?
Well known franchise offered at an excellent price due to the owner not having the time to run the business
Owner involvement is limited
Excellent opportunity to acquire an established franchise in excellent area with great growth prospects
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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