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Annual turnover

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  • Mandate: 31639
  • Added: 13 Nov 2017
  • AFS
  • 591

Profitable Fast Food Outlet Lowveld

Mpumalanga, Lowveld
591
Mandate 31639
Added 13 Nov 2017
R 440,000* ZAR
Stock: R 0
Assets: R 205,024
R 13,674 ZAR
Debbie Sardoz
(PRINCIPAL)
Aldes Lowveld
Mpumalanga
Summary

Strategically situated to service the surrounding office blocks employees, breakfast and lunch time trade with opportunity to grow the business with some advertising. Free time on the weekends.

Profitable Fast Food Outlet Lowveld
SELLING PRICE AFS
R 440,000* ZAR
Stock: R0
Assets: R205,024
R 13,674 ZAR
Summary

Strategically situated to service the surrounding office blocks employees, breakfast and lunch time trade with opportunity to grow the business with some advertising. Free time on the weekends.

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Fully describe the business's activities?
The business is a conveniently centrally situated fast food take away.

How long has the business been established?
The business has been established since 2015, the current owner of the business is the establishes of the business.

How long has the owner had the business?
Since 2015

How does the business operate on a daily basis?
The business operates on daily basis from extremely hygienic premises supplying fast food takeaways to the surrounding office blocks personnel. The business provides the regular fast food menu along with some variances .Catering largely for the personnel in the abundant surrounding office buildings the menu and time frames for fast service delivery have been streamlined to accommodate such lunch time demands. A bicycle delivery service is allocated for this. The business also supplies platters on request to the surrounding office block. The platters for businesses are becoming increasingly popular. The business operates Monday to Friday 7: 30 to 17:00. The business is closed Saturdays and Sundays and all public and religious holidays.

Give a breakdown of staff/ functions/ length of service?
The staff comprises of 8 personnel, 4 kitchen food preparation operators, 1 bicycle delivery operator who also attends to Kitchen duties and 2 cashiers. The seller’s mom is the overall administrator and oversees the food standards. The staff is on contract and most of them have been with the business since 2016.There is a salary for the owner and his mother in the salary indicator on the financials of R11, 000 pm.

When does the current lease end?
The lease expires at the end of May 2019 and there is option to renew. The annual escalation is 9%. The landlords require 2 months rental as a deposit Approximately R22,000 and the first month’s rent is payable in advance . Currently the rental in October 2017 is R 12, 500. The electricity and water is included in this expressed indicator amount so the rental amount may vary depending on the usage of and activity of the business. The gas is an additional cost to company and is not included in this indicator and must be purchased as and when by a reliable local supplier. The purchaser will be make application with the landlords to be approved as a tenant and will be vetted by the landlords prior to the conclusion of the purchase. This will be a suspensive part of the sale .There is a copy of the current lease on file for perusal by a serious buyer

Are any items not included in the sale?
The assets of the business are the unencumbered property of the seller with the exception of the 1 cold rink fridges which is the property of Coke and the speed point which is the property of the bank. The purchaser will have to sign new usage agreement with the Coke and install their own speed point with their bank of choice. The assets are kept in an extremely clean good working condition. The assets are listed on an inventory and these assets are all included in the purchase price and sale of the business. The assets of the business are insured. There is a full asset list on file for perusal by a serious buyer.

Opportunities?
The business is strategically situated to service and supply the demand of the breakfast and lunch time trade to the massive compliment of busy office blocks, banking facilities and college in the surrounding area. The business supplies a variety of fast food and has for convenience a delivery service for those who cannot leave their desk during lunch hour. The seller is selling due to a job opportunity which he cannot refuse. There exists an opportunity to expand on the current income by advertising. The assets are as new and the business is exceptionally clean and has a point of sale to keep control. Plenty of free time to relax and enjoy the kids and family on the weekend.

The overview of the business
The business is strategically situated to service and supply the demand of the breakfast and lunch time trade to the massive compliment of busy office blocks, banking facilities and college in the surrounding area. The business supplies a variety of fast food and has for convenience a delivery service for those who cannot leave their desk during lunch hour. The seller is selling due to a job opportunity which he cannot refuse. There exists an opportunity to expand on the current income by advertising. The assets are as new and the business is exceptionally clean and has a point of sale to keep control. Plenty of free time to relax and enjoy the kids and family on the weekend

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FRANCHISE DETAILS

Aldes Lowveld

1 members
26 active mandates
Mpumalanga
7 Jakkalsbessie Street, West Acers
1206

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