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  • Mandate: 33706
  • Added: 20 Nov 2019
  • AFS
  • 177

Popular Takeaway Franchise in Burnett Street Hatfield

Gauteng, Pretoria
177
Mandate 33706
Added 20 Nov 2019
R 680,000* ZAR
Stock: R 30,000
Assets: R 242,769
R 24,230 ZAR
Pieter Brink
Aldes Focus
Gauteng
Summary

Popular Takeaway for sale catering to a good client base of students and business offices in Hatfield

Popular Takeaway Franchise in Burnett Street Hatfield
SELLING PRICE AFS
R 680,000* ZAR
Stock: R30,000
Assets: R242,769
R 24,230 ZAR
Summary

Popular Takeaway for sale catering to a good client base of students and business offices in Hatfield

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Fully describe the business's activities?
Popular franchise in a very busy student area of Pretoria. Preparing, packaging and delivering or serving of fast food.

How long has the business been established?
More than 10 years

How long has the owner had the business?
3 Years

Give a breakdown between sit-down, takeaways and deliveries
5% sit down, 15 % takeaways and 80% deliveries

How does the business operate on a daily basis?
Opening, Preparing the shop, Taking in orders by phone, online and email. Preparing of orders. Deliver to customers.

How are the clients attracted to the business?
National Radio, TV and Internet advertising by the Franchise.

What Advertising/Marketing is carried out?
TV, Radio, Internet, cold calling, face to face marketing, email marketing, Social media.

Does the business have any contract work?
Yes. The business services various corporate clients in the area on a general basis.

What competition exists?
None specifically. Even though the business is a popular fast food franchise it has a very specific food class.

What are the seasonal trends?
All time high but slightly lower during school holidays.

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
Yes

What percentage of the business is cash/credit?
54%/46%

What is the age analysis of the debtors book?
Approximately 1 Month

How could the profitability of the business be improved?
More marketing and participation in the current student area.

Is Seller finance available and for what amount?
No

What is the total staff complement?
13

Give a breakdown of staff/ functions/ length of service?
1 Assistant manager (3yrs) 1 Stock controller(1 yr) 4 Kitchen assistants (3yrs) 1 Cashier (1 yr) and 5 drivers (2 yrs)

Do any receive special perks or incentives?
Not standard. Depending on the order and at the discretion of the owner.

Are they on contract?
3 permanent and all others on contract

Do any have management potential?
Yes definitely

How involved is the Owner in running the business?
Currently 100%

When does the current lease end?
May 2020

Is there an option of renewal & what period?
Yes

What are the trading hours?
8am to 4:30pm (Monday to Friday) 8am to 2:00 (Saturday) Closed Sundays and Public holidays

Who is the Owner/Landlord?
City Property

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
Lease deposit is required

What are the main assets of the business?
Equipment used in the general business of a takeaway

Are any items not included in the sale?
No

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Self evaluation

Which assets are on lease/HP and with whom?
1. POS Printers from GAAP 2. Credit card machines from Nu Pay

Will Seller settle or Buyer to take over?
Seller will settle

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
The business is located in a very busy area of Pretoria with a lot of foot traffic. No direct competition exist.

Weaknesses?
The delivery structure can be improved

Opportunities?
Joining Uber Eats.

Threats?
Potential competition

What is the reason for the sale?
The owner has work and build up well on the business and will be pursuing new ventures.

Why is this a good business?
The kind of business that has the widest range of customer potential which gives one the added advantage to serve various different segment which means there is minimal low periods.

What is the price plus stock and the profit?
R680000

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