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?
How long has the owner had the business?
How does the business operate on a daily basis?
The staff open and close the business
How are the clients attracted to the business?
What Advertising/Marketing is carried out?
Advertising is conducted by head office
Does the business have any contract work?
What competition exists?
There are other food outlets in the area
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
To June 2018
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
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?
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?
Are they on contract?
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?
Is there an option of renewal & what period?
Yes 5 Years
What is the annual escalation %?
What is the square meters of the business?
TBA There are 2 tables and chairs that patrons can use
Who is the Owner/Landlord?
Is a copy of the lease available?
Will be made available to serious buyers
Do you require a licence?
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?
How have they been valued ?
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
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
Up untill now the business has not had the drive an owner operator needs to give to turn this business around
More boards and offer deliveries to the offices in the area will increase turnover
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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Annual Turnover Amount between R 500 thousand and R 6 million