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Annual turnover

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  • Mandate: 30144
  • Added: 19 Apr 2016
  • AFS
  • 941

Highly profitable well known franchise restaurant in the Free State

Free State, Bloemfontein
941
Mandate 30144
Added 19 Apr 2016
R 7,560,000* ZAR
Stock: R 80,000
Assets: R 2,574,403
R 59,513 ZAR
Pierre De Klerk
(PRINCIPAL)
Aldes Bloemfontein
Free State, Bloemfontein
Free State, Bloemfontein
Summary

Profitable well known franchise restaurant in the Free State

Highly profitable well known franchise restaurant in the Free State
SELLING PRICE AFS
R 7,560,000* ZAR
Stock: R80,000
Assets: R2,574,403
R 59,513 ZAR
Summary

Profitable well known franchise restaurant in the Free State

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Fully describe the business's activities?
A top franchise, Restaurant Coffee Shop located in an affluent area of the Free state.

How long has the business been established?
The business was established 8 years ago Business registered as a Close Corporation

How long has the owner had the business?
The owner has the business for 7 years

How does the business operate on a daily basis?
The business opens at 7am for the early morning customers and offer various food products during the day.

How are the clients attracted to the business?
The business benefits from passing trade, franchise and local advertising and is a popular meeting place for locals and businessmen

What Advertising/Marketing is carried out?
Being a strong national franchise, advertising and marketing are traditionally done by the Franchisor.

Does the business have any contract work?
No

What competition exists?
Other coffee shops and restaurant in the nearby vicinity

What are the seasonal trends?
Not really but December tends to have more sales

Is the business VAT Registered?
Yes, the business is registered for VAT

What VAT documentation is on file?
All documents are on file

Are there up-to-date Management Accounts available?
Yes, available on request

What Balance Sheet and Income Statements are available?
For the pas 12 months

What percentage of the business is cash/credit?
100% cash

How could the profitability of the business be improved?
More localised advertising and promotions

Is Seller finance available and for what amount?
No

What is the total staff complement?
A total of 40 staff memebers

Give a breakdown of staff/ functions/ length of service?
2 x Managers 17 x Waiters 21 x Back of the house and kitchen 95% of them have been working for the business for 3 years and more.

Do any receive special perks or incentives?
No

Are they on contract?
Yes, all permanent

Do any have management potential?
Yes

How involved is the Owner in running the business?
The owner is fully involved in the business on a daily basis

When does the current lease end?
The lease agreement ends in 2023

Is there an option of renewal & what period?
Renewal option is available

What is the annual escalation %?
6% annual escalation

What are the trading hours?
Mondays - Sundays: 07:30 - 19:00

What is the square meters of the business?
220 square meters inside 40 square meters in the mall 40 square meters outside seating.

Who is the Owner/Landlord?
Extended landlord

Is a copy of the lease available?
Yes, available on request

Do you require a licence?
Yes a business and liquor licenses is required

What lease deposit and/or other surety is required?
R150 000.00 deposit is required

Are any items not included in the sale?
The personal safe in the office 2 x steel tables 12 x chairs

What is their overall condition?
All the equipment and utensils are in a very good condition

Do any require repairing?
None

How have they been valued ?
Owner Valuation

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

Are they presently insured?
Yes, currently insured

Strengths?
Strong brand, has a good name in the town. The business has won awards

Weaknesses?
Not visible

Opportunities?
More Advertising and in-store specials

Threats?
Not any visible

What is the reason for the sale?
The owner wants to have more time to himself and pursue other business interest.

Why is this a good business?
Working hours are not like other restaurants Strong and well known franchise nation wide Has great per month profit

What is the price plus stock and the profit?
R6 800 000.00 - Selling price R 80 000.00 - Stock R 680 000.00 - Commission R7 560 000.00 - Total selling price

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FRANCHISE DETAILS

Aldes Bloemfontein

2 members
12 active mandates
Free State , Bloemfontein
Street
Bloemfontein
9701

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