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Annual turnover

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  • Mandate: 33753
  • Added: 02 Dec 2019
  • AFS
  • 87

Wimpy franchise

Gauteng, Johannesburg
87
Mandate 33753
Added 02 Dec 2019
R 3,050,000* ZAR
Stock: R 50,000
Assets: R 0
R 76,398 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Superb well established franchise. 14 years old. Good location.

Wimpy franchise
SELLING PRICE AFS
R 3,050,000* ZAR
Stock: R50,000
Assets: R0
R 76,398 ZAR
Summary

Superb well established franchise. 14 years old. Good location.

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Fully describe the business's activities?
This very well established Wimpy in northern suburbs is ready for new owner. Seller will complete the required revamp at his cost!

How long has the business been established?
2005

How long has the owner had the business?
For last 12 years

How does the business operate on a daily basis?
Wimpy is a breakfast, burger, fast food lunch & evening business complemented by delivery & take outs

How are the clients attracted to the business?
Brand, franchisor advertising.

What Advertising/Marketing is carried out?
Franchisor only

What competition exists?
In the area are Steers, Chicken Licken, Kentucky & McDonalds

What are the seasonal trends?
December holiday is the peak

What is the total staff complement?
23- the manager will not stay with the business.

How involved is the Owner in running the business?
The owner has a GM so is not involved. A new owner will have to either be involved or appoint a manager.

When does the current lease end?
Lease expires in 2023

Is there an option of renewal & what period?
Yes 5 years

What is the annual escalation %?
7%

What are the trading hours?
7-7

What are the main assets of the business?
Operating assets.

Are any items not included in the sale?
Generator and aircon which buyer has option to buy

What is their overall condition?
All assets in good condition as per franchisor spec.

Strengths?
Well known brand, established business, trained staff, location

Weaknesses?
No dinner trade

Opportunities?
Owner involvement to drive the business

Threats?
The economy

What is the reason for the sale?
Owner has other business interests

Why is this a good business?
Exceptionally well know brand, good trading hours, trained staff, location

What is the price plus stock and the profit?
R3m inclusive of R50k stock

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FRANCHISE DETAILS

Aldes Active

1 members
19 active mandates
Gauteng
Postnet Suite 129, Post Box 92418
2117

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