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Annual turnover

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  • Mandate: 32395
  • Added: 29 Aug 2018
  • AFS
  • 468

Well positioned Sausage Franchise need owner operator

Gauteng, Johannesburg
468
Mandate 32395
Added 29 Aug 2018
R 290,000* ZAR
Stock: R 10,000
Assets: R 100,000
R -5,215 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

Well positioned Sausage Franchise need owner operator
SELLING PRICE AFS
R 290,000* ZAR
Stock: R10,000
Assets: R100,000
R -5,215 ZAR
Summary

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Fully describe the business's activities?
This is a franchised store selling a variety of sausages, hotdogs, chips, cold drinks etc. The business needs an owner operator to turn this business into a profitable venture. It is situated in a busy mall with a lot of foot traffic.

How long has the business been established?
3 Years

How long has the owner had the business?
3 Years

How does the business operate on a daily basis?
The staff open and close the business

How are the clients attracted to the business?
Passing trade

What Advertising/Marketing is carried out?
Advertising is conducted by head office

Does the business have any contract work?
No

What competition exists?
There are other food outlets in the area

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

Are there up-to-date Management Accounts available?
To June 2018

What percentage of the business is cash/credit?
60% cash

What is the age analysis of the debtors book?
No Debtors

How could the profitability of the business be improved?
The business needs an owner operator to drive this business

Is Seller finance available and for what amount?
No

What is the total staff complement?
There are 2 staff members

Give a breakdown of staff/ functions/ length of service?
They have been with the business for about 1 year

Do any receive special perks or incentives?
No

Are they on contract?
No

Do any have management potential?
The one staff member has potential

How involved is the Owner in running the business?
He spends 1-2 hours a week

When does the current lease end?
2020

Is there an option of renewal & what period?
Yes 5 Years

What is the annual escalation %?
8%

What is the square meters of the business?
TBA There are 2 tables and chairs that patrons can use

Who is the Owner/Landlord?
AJP Props

Is a copy of the lease available?
Will be made available to serious buyers

Do you require a licence?
No

What lease deposit and/or other surety is required?
The current owner paid R25000 deposit plus the first months rent

What are the main assets of the business?
Includes everything including CCTV Cameras. The chiller belongs to ABI A new setup would cost over R500 000

Are any items not included in the sale?
Only the ABI Fridge

What is their overall condition?
Excellent

How have they been valued ?
Owner

Which assets are on lease/HP and with whom?
None

What are their settlement amounts?
Nil

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
Yes

Strengths?
This is a popular sausage franchise well situated in a busy mall and should with a bit of effort show a good return. Please note there is a refranchise fee of R50 000 plus Vat

Weaknesses?
Up untill now the business has not had the drive an owner operator needs to give to turn this business around

Opportunities?
More boards and offer deliveries to the offices in the area will increase turnover

Threats?
None Known

What is the reason for the sale?
The seller has other interests

Why is this a good business?
This is a good franchise group

What is the price plus stock and the net profit?
Selling at R280 000 plus stock of approximately R10000

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FRANCHISE DETAILS

Aldes Central

1 members
8 active mandates
Gauteng
Nillsord Avenue
2026

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