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  • Mandate: 32647
  • Added: 08 Jan 2019
  • AFS
  • 2488

Two Profitable Wimpy's

Western Cape, West Coast
Mandate 32647
Added 08 Jan 2019
R 5,095,000* ZAR
Stock: R 100,000
Assets: R 5,150,020
R 113,507 ZAR
Hugo Tallie
Aldes Winelands
Western Cape, Paarl
Western Cape, Paarl

Two well known and profitable Wimpy's for sale , both for R 5,5 mil as going concern. The one Wimpy is located in small upmarket mall in West Coast and the other in nearby coastal town.

Two Profitable Wimpy's
R 5,095,000* ZAR
Stock: R100,000
Assets: R5,150,020
R 113,507 ZAR

Two well known and profitable Wimpy's for sale , both for R 5,5 mil as going concern. The one Wimpy is located in small upmarket mall in West Coast and the other in nearby coastal town.

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Fully describe the business's activities?
This well established Wimpy's have been around for many years.The one, relocate to the new site during 2015 and is located in a trendy mall next to the entrance of a well known and extremely busy Pick-a-Pay Family Supermarket on the Cape West Coast. Manager run. The second Wimpy is located in main mall +- 25 km from the other one in fast-growing coastal town. Both Wimpy's seats around 140 .

How long has the business been established?
The one Wimpy has been established for 13 years and the other one for 6 years

How long has the owner had the business?
The current owner has the business for 4 years

How does the business operate on a daily basis?
Wimpy 1 This well established Wimpy has been around for many years , but relocate to the new site during 2015 .Located in a trendy mall next to the entrance of a well known and extremely busy Pick-a-Pay Family Supermarket on the Cape West Coast. Manager run. Wimpy 2 This Wimpy is located in the only Mall of fast growing coastal town with tenants such as Pick-a-Pay , Checkers , Clicks , Woolworths food ,Spur and many other . This business is mainly run by the owner and one Manager

How are the clients attracted to the business?
The business is well located and easy accessible .Clients are mainly attracted to the business because of the well-known national brand and their location

What Advertising/Marketing is carried out?
Marketing and Advertising is done by the Head Office

Does the business have any contract work?
No , the business have no Contract Work

What competition exists?
Wimpy 1 Nearby Competition is a small no-name Coffee Shop in the Mall . There's also a bigger Mall (+- 5 km away) with a Spur , Wimpy and Panarottis Wimpy 2 Nearby Competition is small no-name Coffee Shop and Spur in the Mall.

What are the seasonal trends?
Wimpy 1 There's no real seasonal trends Wimpy 2 Turnover increases during weekends and holidays.

Is the business VAT Registered?
Yes, the business is VAT registered

What VAT documentation is on file?
All Vat201 returns is available on due diligent fase

Are there up-to-date Management Accounts available?
Yes , up to date Management Accounts is available

What percentage of the business is cash/credit?
100 % Cash

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

How could the profitability of the business be improved?
Wimpy 1 The Profitability of the business can be improved if the business are operated by the owner on a full-time basis Wimpy 1 and 2 The Turnover will increase if a delivery service is implemented

Is Seller finance available and for what amount?
No Seller Finance is available

What is the total staff complement?
Total Staff is 15

Give a breakdown of staff/ functions/ length of service?
Wimpy 1 Managers x 2 Grill x 4 Self-serve x 3 Kitchen x 1 Waiters x 4 Wimpy 2 Manager x 1 Cashier x 1 Waiters x 6 Grill x 4 Soft serve x 3 Other x 2

How involved is the Owner in running the business?
The Owner is involved in the overall management of both business - not on a full time basis @ Wimpy 1

When does the current lease end?
The Current lease end on December 2020

Is there an option of renewal & what period?
Yes , an option to renew for a future 5 years

What is the annual escalation %?
The Escalation is 7 % p.a.

What are the trading hours?
Trading hours are from * Monday to Saturday 7H30 -till 18H00 * Sunday from 8H30 till 14H00

What is the square meters of the business?
Wimpy 1 is 250 square meters Wimpy 2 is 320 square meters

Is a copy of the lease available?
Yes , a copy of the lease is available

This is a well known National Franchise

No weaknesses are perceived

A new Owner could advertise and offer a delivery service to surrounding businesses in the area

Standard Economic Threats

What is the reason for the sale?
The Owner wants to join the family business

Why is this a good business?
Profitable and established businesses of a well known Franchise strategically located in fast growing Cape West Coast

What is the price plus stock and the profit?
The Price of both Wimpy's are R 5 600 000,00 (including R 100 000 stock) with a annual Net Profit of R 1 362 089 (EBITA)

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Aldes Winelands

2 members
12 active mandates
Western Cape , Paarl
14 Auret Street Paarl Western Cape 7646

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