Sectors / Category

Annual turnover

|
  • Mandate: 31955
  • Added: 10 Sep 2020
  • AFS
  • 115

Italian restaurant/take away Franchise - Pretoria East

Gauteng, Pretoria
115
Mandate 31955
Added 10 Sep 2020
R 2,300,000* ZAR
Stock: R 300,000
Assets: R 0
R 108,943 ZAR
Driekie Louw
Aldes Focus
Gauteng
Summary

Popular Franchise for sale in the East of Pretoria. Great location in a busy shopping centre with loyal customers. Business is mainly manager run.

Italian restaurant/take away Franchise  - Pretoria East
SELLING PRICE AFS
R 2,300,000* ZAR
Stock: R300,000
Assets: R0
R 108,943 ZAR
Summary

Popular Franchise for sale in the East of Pretoria. Great location in a busy shopping centre with loyal customers. Business is mainly manager run.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
The business is a popular Italian franchise restaurant in the East of Pretoria. 5% Royalty payable (Split in 3% Franchise Fee and 2% Marketing Fee) The restaurant is situated within a well established shopping centre close to a large residential area, schools and other major attractions which drives business to the store. The business is well known in the area and predominantly manager run.

How long has the business been established?
The business has been established since 1996.

How long has the owner had the business?
The owner took over the business in 2011.

How does the business operate on a daily basis?
The business is mainly manager-run with the owner only being involved in the overall management of the business and not in the daily operation of the business. The manager is responsible for all operational duties such as stock take and ordering The business main trade is for take aways and busiest during lunch and evenings.

How are the clients attracted to the business?
Most of their customers are regulars, that has been visiting the restaurant for years. The restaurant is well known in the area.

What Advertising/Marketing is carried out?
The Franchisor does most of the advertising and marketing for the Franchisee. They have regular specials and marketing campaigns which is run nationally. With regards to local marketing the owner has a small signboard close to a one of the local schools in the area.

What competition exists?
No direct competition in the centre or area exist.

What are the seasonal trends?
During December and some of the school holidays the business seem to be a bit more quiet. However, the business income is very stable.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All VAT documentation are on file with the accountant.

Are there up-to-date Management Accounts available?
All information regarding the monthly and daily sales and purchases can be confirmed from their POS-system.

What Balance Sheet and Income Statements are available?
February 2020

What percentage of the business is cash/credit?
80% - Card 20% - Cash

How could the profitability of the business be improved?
A new owner can focus on doing more local marketing, advertising and introducing a breakfast menu to clients.

Is Seller finance available and for what amount?
Seller will rather consider cash offers.

What is the total staff complement?
19 staff members.

Give a breakdown of staff/ functions/ length of service?
12 x Kitchen 1 x cashier 1 x Barman 1 x manager 4 x casuals staff members on commission

Do any receive special perks or incentives?
All staff receive a basic salary and they are on a commission structure. Waiters currently only receive commission. Usually were on a flat rate of R50 per day

Are they on contract?
Yes

Do any have management potential?
The owner has a manager in place and is very satisfied performance.

How involved is the Owner in running the business?
The owner is involved only a couple of hours per day.

When does the current lease end?
The current lease will only end in 2022. No rent was paid in April and only 50% in May and June due to Lockdown

Is there an option of renewal & what period?
There is an option to renew for another 5 years.

What is the annual escalation %?
Annual escalation of 7%.

What are the trading hours?
Monday -Saturday 10h00 to 21h00 Sunday 10h00 to 19h00

What is the square meters of the business?
470 sqm Opportunity to cut approximately 100 sq/m which will reduce rent with R30 000

Is a copy of the lease available?
Yes this can be provided.

Do you require a licence?
Liquor license in place

What are the main assets of the business?
The owner will provide a full asset list . This includes all kitchen equipment, fridges, coffee machines, tables and chairs, and delivery bike. All assets will be included in the sale.

What is their overall condition?
Everything is in a good and working condition, none need repairing.

How have they been valued ?
Second hand value

Are they presently insured?
The business has comprehensive insurance cover.

Strengths?
- Excellent take away base - Great Location in the east of Pretoria; - Manager run business; - Strong franchise brand with good support from franchisor

Weaknesses?
- The market is very reliant on the economy.

Opportunities?
- More local/area marketing and in-house specials; - Extended hours, incorporate a breakfast menu; - Expand the deliveries. - Reduced rental once size is reduced - Advertising a Happy Hour

What is the reason for the sale?
Owner is emigrating.

Why is this a good business?
The business is a popular Italian restaurant franchise situated in a busy shopping center in the East of Pretoria. This specific store has been the top performing franchise in Pretoria and is mainly manager run. Great profits, good systems in place and growth potential

What is the price plus stock and the profit?
Selling price of R2 000 000 plust stock of R300 000 Excludes Franchise Joining Fee

Other listings by Driekie
R 6.60MZAR
Added : 16 Sep 2020 159
Yearly profit: R1,530,175
Gauteng
R 1.45MZAR
Franchise
Added : 14 Sep 2020 1011
Profit*: R459,462 *(7 months)
Gauteng
R 1.36MZAR
Franchise
Added : 31 Aug 2020 150
Yearly profit: R721,966
Mpumalanga
FRANCHISE DETAILS

Aldes Focus

5 members
49 active mandates
Gauteng
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
0081

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 1.30MZAR
Added : 7 Apr 2020 492
Yearly profit: R916,896
Western Cape
R 1.50MZAR
Added : 2 Mar 2020 609
Profit*: R485,230 *(10 months)
Mpumalanga
R 2.80MZAR
Franchise
Added : 30 Oct 2019 1363
Yearly profit: R1,097,641
Gauteng
R 2.19MZAR
Added : 22 Aug 2019 724
Yearly profit: R526,740
Free State
R 1.80MZAR
Added : 25 Jul 2019 1661
Yearly profit: R1,384,262
Gauteng
R 1.30MZAR
Added : 8 Jul 2019 1177
Yearly profit: R1,198,943
Western Cape
R 2.25MZAR
Franchise
Added : 1 Jul 2019 3278
Yearly profit: R868,546
Gauteng
R 2.10MZAR
Added : 27 Mar 2019 1765
Yearly profit: R1,285,024
KwaZulu-Natal

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 570KZAR
Added : 22 Sep 2020 93
Yearly profit: R218,713
Gauteng
R 1.68MZAR
Added : 22 Sep 2020 179
Yearly profit: R744,072
Gauteng
R 550KZAR
Added : 16 Sep 2020 1585
Yearly profit: R367,337
Gauteng
R 1.12MZAR
Added : 16 Sep 2020 388
Yearly profit: R491,100
Gauteng
R 510KZAR
Added : 14 Sep 2020 326
Yearly profit: R196,085
Gauteng
R 1.45MZAR
Franchise
Added : 14 Sep 2020 1011
Profit*: R459,462 *(7 months)
Gauteng
R 160KZAR
Added : 4 Sep 2020 381
Yearly profit: R227,051
Gauteng
R 720KZAR
Added : 1 Sep 2020 209
Yearly profit: R304,974
Gauteng