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?
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?
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.
Good consistent profits. Regular corporate clients. Franshisor support.
Needs full time owner involvement.
Marketing to more corporate clients can improve sales.
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.
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