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Annual turnover

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  • Mandate: 33539
  • Added: 04 Nov 2019
  • AFS
  • 837

Franchise Branded restaurant in Pretoria

Gauteng, Pretoria
837
Mandate 33539
Added 04 Nov 2019
R 4,270,000* ZAR
Stock: R 70,000
Assets: R 2,200,000
R 152,966 ZAR
Johan Mouton
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

Well establish branded Franchise restaurant in a well known mall for sale.

Franchise Branded restaurant  in Pretoria
SELLING PRICE AFS
R 4,270,000* ZAR
Stock: R70,000
Assets: R2,200,000
R 152,966 ZAR
Summary

Well establish branded Franchise restaurant in a well known mall for sale.

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please supply us with your details below

Fully describe the business's activities?
Neat newly renovated Wimpy located in Pretoria CBD. Ample seating and no smoking area. The restaurant does deliveries as well and this can be marketed more to increase sales. This Wimpy is based in a well know land mark site. A very high feet traffic contribute to the good turn over generated. Revamp was done 2 years ago

How long has the business been established?
This Wimpy was established in 1993 and has been 26 years in the same site

How long has the owner had the business?
THE current owner bought this Wimpy in 2007

How does the business operate on a daily basis?
The restaurant is open during office hours with a manager in place to open or close when needed. It can currently seat about 100 people. The staff is very well trained as per the Franchisor's requirements.

How are the clients attracted to the business?
Wimpy is a national brand and well known in this area. The revamp has increased the visibility of the shop with new signage and a better look.

What Advertising/Marketing is carried out?
The head office handles most of the marketing through TV adverts, Newspaper ads, and radio.

Does the business have any contract work?
Not all are walk in clients, they do deliveries to buildings around the restaurant

What competition exists?
There are a number of take away businesses and restaurants in close proximity to the Wimpy, but the area does allow for so many as it is extremely busy.

What are the seasonal trends?
Sales show a constant increase. Public holidays show a trend of increased sales

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Will be supplied on request

Are there up-to-date Management Accounts available?
A monthly management ending MARCH 2019

What Balance Sheet and Income Statements are available?
On request

What percentage of the business is cash/credit?
20/80% cash/card

What is the age analysis of the debtors book?
None COD business

How could the profitability of the business be improved?
The liquor license has been approved and they have been selling liquor which increased turnover. The revamp will also increase turnover by 30% which will start happening now.

Is Seller finance available and for what amount?
No

What is the total staff complement?
21 staff members in total

Give a breakdown of staff/ functions/ length of service?
2 Manager 4 grillers 2 soft serve 4 kitchen staff 8 waiters

Do any receive special perks or incentives?
No

Are they on contract?
Yes

Do any have management potential?
The current manager does handle a lot of responsibility

How involved is the Owner in running the business?
The owner is involved daily with all aspects of the business.

When does the current lease end?
a New lease has recently been signed until 2021

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

What is the annual escalation %?
8% per year

What are the trading hours?
Monday to Friday 06h30 to 17h30 Saturday 03h30 to 18h00 Sundays 9hoo to 15h00

What is the square meters of the business?
+/-100 square meters

Is a copy of the lease available?
Yes,with the seller

Do you require a licence?
a Liquor licence is in place

What lease deposit and/or other surety is required?
One months rental deposit is required Joining fee of +/-R100 000.00

What are the main assets of the business?
stock and Catering equipment. The franchise has the new look.

Are any items not included in the sale?
Sold as lock stock and barrel

What is their overall condition?
Good working condition

Do any require repairing?
no

How have they been valued ?
Owners valued

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

Are they presently insured?
yes

Strengths?
This This is a famous brand in South Africa The business is extremely well known and well established is a famous brand in South Africa The business is extremely well known and well established

Weaknesses?
Low profits currently but this will increase because of the revamp

Opportunities?
The liquor license will greatly increase turnovers There are new residential development happening close to the restaurant meaning you can increase you hours and therefore turnovers.

Threats?
None

What is the reason for the sale?
THE SELLER HAS OTHER BUSINESS INTEREST THAT HE WANTS TO FOCUS ON..

Why is this a good business?
well established Branded Franchise.

What is the price plus stock and the profit?
Profit R 1 294 000.00 pj Stock R 70 000

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FRANCHISE DETAILS

Aldes Jacaranda

2 members
16 active mandates
Gauteng , Centurion
14 Brook Crescent Midfield Estate Midstream Olifantsfontein
Centurion
0181

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