Sectors / Category

Annual turnover

|
  • Mandate: 32977
  • Added: 17 Apr 2019
  • AFS
  • 271

Established Franchise Restaurant - Centurion

Gauteng, Centurion
271
Mandate 32977
Added 17 Apr 2019
R 680,000* ZAR
Stock: R 30,000
Assets: R 0
R 29,808 ZAR
Werner Prinsloo
(PRINCIPAL)
Aldes Platinum
Gauteng
Summary

Owner Managed. Regular Corporate Clients.

Established Franchise Restaurant - Centurion
SELLING PRICE AFS
R 680,000* ZAR
Stock: R30,000
Assets: R0
R 29,808 ZAR
Summary

Owner Managed. Regular Corporate Clients.

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

Fully describe the business's activities?
This Franchised Restaurant sells a wide variety of food,including platters,sandwiches and health food.

How long has the business been established?
The Business was established in 2007.

How does the business operate on a daily basis?
The business operates from a mall in a affluent area in Centurion.

How are the clients attracted to the business?
Marketing is done in the local community. Most order are placed by phone ,deliveries are made to clients.

What Advertising/Marketing is carried out?
Facebook marketing and pamphlets are used to promote specials. The Franchisor does marketing to promote the brand.

Does the business have any contract work?
The business does have many Corporate clients that support the business on a regular basis,

What competition exists?
No other similar Restaurants operate in the area.

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 , all income and expediences are recorded , profit figures can be easily verified.

What Balance Sheet and Income Statements are available?
Detailed financial accounts are available including daily cash up and all invoices from suppliers.

Is Seller finance available and for what amount?
No , since the owner is emigrating , she would like to sell the business for cash only.

What is the total staff complement?
8 Permanent staff, and 3 Drivers that have no contracts.

Give a breakdown of staff/ functions/ length of service?
Most staff members have been employed for several years.

Are they on contract?
Yes , all staff members have employment contracts.

Do any have management potential?
Yes , a cashier is able to manage the store when the owner is not present.

How involved is the Owner in running the business?
The owner is fully involved with the daily management of the business.

When does the current lease end?
2020.

Is there an option of renewal & what period?
Yes , the lease can be renewed for 3 years beyond 2020.

What is the annual escalation %?
6% annual escalation.

What are the trading hours?
Mon to Fri - 8 to 16:30 Sat - 8 to 14:00

What is the square meters of the business?
83 sqm

Is a copy of the lease available?
Yes ,a copy of the lease is available.

What are the main assets of the business?
a P.O.S. system ,computers,a scooter and catering equipment.

What is their overall condition?
All equipment is in fair working order.

Do any require repairing?
No repairs are needed at present.

Strengths?
Good consistent profits. Regular corporate clients. Franshisor support.

Weaknesses?
Needs full time owner involvement.

Opportunities?
Marketing to more corporate clients can improve sales.

Threats?
the Franshisor will not approve another restaurant in the area. It is unlikely another similar Franchised restaurant will open in the area.

What is the reason for the sale?
The owner is emigrating.

Why is this a good business?
Well managed. Good profits. Regular customers.

What is the price plus stock and the net profit?
R 650 000 ,excl stock and franchise fee (R 60 000). R 29,808.00 profit pm.

Other listings by Werner
R 1.55MZAR
Franchise
Added : 21 May 2019 83
Yearly profit : R561,670
Gauteng
R 1.73MZAR
Added : 16 May 2019 135
Yearly profit : R441,653
Gauteng
R 2.36MZAR
Franchise
Added : 29 Mar 2019 401
Yearly profit : R958,819
North West
FRANCHISE DETAILS

Aldes Platinum

1 members
9 active mandates
Gauteng
27 Silver Willow Village, Von Backstrom Boulevard
0157

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 405KZAR
Franchise
Added : 3 May 2019 261
Yearly profit : R16,435
Gauteng
R 425KZAR
Added : 5 Mar 2019 592
Yearly profit : R408,613
Gauteng
R 530KZAR
Franchise
Added : 26 Nov 2018 696
Yearly profit : R155,778
Gauteng
R 525KZAR
Added : 19 Oct 2018 1241
Yearly profit : R264,000
Gauteng
R 600KZAR
Added : 22 Aug 2018 1097
Yearly profit : R-619,000
Gauteng
R 350KZAR
Added : 7 May 2018 1205
Yearly profit : R197,338
Mpumalanga
R 800KZAR
Added : 26 Mar 2018 1789
Yearly profit : R516,340
Gauteng
R 700KZAR
Franchise
Added : 29 Jan 2018 1322
Yearly profit : R592,465
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 650KZAR
Added : 25 May 2019 6
Yearly profit : R206,980
Gauteng
R 280KZAR
Added : 24 May 2019 84
Yearly profit : R177,922
Gauteng
R 1.25MZAR
Added : 22 May 2019 800
Yearly profit : R595,131
Gauteng
R 1.55MZAR
Franchise
Added : 21 May 2019 83
Yearly profit : R561,670
Gauteng
R 1.73MZAR
Added : 16 May 2019 135
Yearly profit : R441,653
Gauteng
R 2.30MZAR
Added : 13 May 2019 103
Yearly profit : R736,690
Gauteng
R 1.10MZAR
Added : 12 May 2019 222
Yearly profit : R366,811
Gauteng
R 405KZAR
Franchise
Added : 3 May 2019 261
Yearly profit : R16,435
Gauteng