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?
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?
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?
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Monthly profit and loss statements are available
What percentage of the business is cash/credit?
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?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
Grillers Cashiers Cleaners Chip Fryers
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
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 %?
What are the trading hours?
08:00 - 20:00
Is a copy of the lease available?
Do you require a licence?
Yes, all is in order.
What lease deposit and/or other surety is required?
Are they presently insured?
Good brand with little competition in a perfect location.
Management needs to be improved. The current owner is only at the business one day per week.
The profits can be increased if the owner is more involved.
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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