Fully describe the business's activities?
Part of the Top 5 franchise brands in the country, this well established fast food and take away outlet is perfectly located in a very busy shopping centre.
How long has the business been established?
This store was established more than 20 years ago.
How long has the owner had the business?
The current owner bought the business 3 years ago.
How does the business operate on a daily basis?
The business operates from 8am to 9pm daily with the owner and two senior staff members overseeing operations. Approximately 75% of the revenue is generated by take-away and sit down clients with the remaining 25% made up by deliveries.
How are the clients attracted to the business?
This is a well-known brand and the store is situated in an extremely busy area.
What Advertising/Marketing is carried out?
Extensive marketing is carried out by the Franchisor nationally via various platforms including TV, radio and social media. Some local advertising is carried out by the owner.
What competition exists?
Normal competition within the fast food industry.
What are the seasonal trends?
The store is busy all year round, however, turnovers tend to increase significantly from October to December.
Is the business VAT Registered?
Yes, the business is a registered VAT vendor.
Are there up-to-date Management Accounts available?
Up-to-date management accounts are available to approved buyers.
What Balance Sheet and Income Statements are available?
Financial statements in respect of the year ended February 2019 are available.
What percentage of the business is cash/credit?
Over-the-counter sales, the business does not provide any credit.
How could the profitability of the business be improved?
There is an opportunity to apply for a liquor license which could boost turnovers significantly.
Is Seller finance available and for what amount?
No. The seller will only consider an outright sale.
What is the total staff complement?
Excluding the owner, the business employs 15 staff members of which 2 are managers.
Are they on contract?
All staff have valid contracts in place.
How involved is the Owner in running the business?
The owner spends a few hours a day at the store.
When does the current lease end?
The current lease expires in September 2021.
What are the trading hours?
The business operates from 8am to 9pm daily.
Is a copy of the lease available?
A copy of the lease agreement is on file.
What are the main assets of the business?
Operating assets including catering and kitchen equipment. A full inventory of the assets is on file.
What is their overall condition?
Most of the assets are in excellent condition and have been well maintained. Some are brand new.
How have they been valued ?
The assets have been valued by the owner at cost.
Which assets are on lease/HP and with whom?
The generator is currently on HP with an accredited financial institution.
Are they presently insured?
All assets are comprehensively insured.
As part of one the top 5 franchises in the country, this is a well-known and established brand. The store is well located in a busy centre alongside various other top national brands. There are excellent systems and controls already in place to ensure efficient operations. Despite a weak economy and tough trading conditions, the franchising sector has continued to perform well â especially in the fast-food industry.
Long working hours which requires management staff to assist.
A liquor license could boost turnovers significantly.
General economic conditions.
What is the reason for the sale?
The owner would like to concentrate on other business opportunities.
Why is this a good business?
Part of one of the top 5 national franchise brands, this a solid, stable business.
What is the price plus stock and the profit?
Asking R2 800 000 plus stock estimated at around R40 000. Not included in the selling price is the franchise joining fee and lease deposit.
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