Sectors / Category

Annual turnover

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  • Mandate: 30192
  • Added: 06 May 2016
  • 3773

Franchise close to Rustenburg

North West, North West
3773
Mandate 30192
Added 06 May 2016
R 850,000* ZAR
Stock: R 0
Assets: R 288,135
R 14,645 ZAR
Dierk Wenhold
(PRINCIPAL)
Aldes Imperial
North West
North West
Summary

Exiting opportunity to enter the food franchise sector, established franchise that is under performing due to lack of owner involvement. This franchise is well located and a dedicate individual can double current turnover and increase the drastically current profit of the business.

SELLING PRICE
R 850,000* ZAR
Stock: R0
Assets: R288,135
R 14,645 ZAR
Summary

Exiting opportunity to enter the food franchise sector, established franchise that is under performing due to lack of owner involvement. This franchise is well located and a dedicate individual can double current turnover and increase the drastically current profit of the business.

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Fully describe the business's activities?
Food take away franchise.

How long has the business been established?
The business was started in 2015 by the current owner.

How long has the owner had the business?
1 Year

How does the business operate on a daily basis?
Preparation for the day is done in the mornings from 07:30 - 08:30. At 08:30 the business is opened and serving is done until 20:00. Cash up is done after the doors close.

How are the clients attracted to the business?
The store is perfectly situated across the street from a garage where buses regularly stop before passing through the town.

What Advertising/Marketing is carried out?
Paper pamphlet sponsors

Does the business have any contract work?
No

What competition exists?
There are two other take away shops in the vicinity, but neither has the same type of food or the variety of this shop.

What are the seasonal trends?
N/a

Is the business VAT Registered?
Yes

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

What Balance Sheet and Income Statements are available?
Monthly profit and loss statements are available

What percentage of the business is cash/credit?
Mostly cash

How could the profitability of the business be improved?
The owner is not involved in the business and lives too far to properly manage the daily activities. If the new owner can be more involved the profits will increase substantially.

Is Seller finance available and for what amount?
No

What is the total staff complement?
9 Employees

Give a breakdown of staff/ functions/ length of service?
Grillers Cashiers Cleaners Chip Fryers

Do any receive special perks or incentives?
No

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
Once a week the owner visits the shop.

When does the current lease end?
30 July 2020

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

What is the annual escalation %?
7%

What are the trading hours?
08:00 - 20:00

Is a copy of the lease available?
Yes

Do you require a licence?
Yes, all is in order.

What lease deposit and/or other surety is required?
None

Are they presently insured?
Yes

Strengths?
Good brand with little competition in a perfect location.

Weaknesses?
Management needs to be improved. The current owner is only at the business one day per week.

Opportunities?
The profits can be increased if the owner is more involved.

Threats?
None

What is the reason for the sale?
The owner lives too far to be involved in the day to day management and he has many other interests on which he would rather concentrate.

Why is this a good business?
The location is perfect, next to a bank and across the street from a very busy garage. No other take away shops in the area have the same type of food and the rent is very low.

What is the price plus stock and the profit?
The selling price is R850,000 with an average of R18,750 profit over the last four months.

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FRANCHISE DETAILS

Aldes Imperial

1 members
9 active mandates
North West
3 Arendweg
0299

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