How does the business operate on a daily basis?
This is a take away franchise It is situated in a very good area with a lot of clients

How are the clients attracted to the business?
Franchisor Marketing Facebook and Social media Word of mouth

Does the business have any contract work?
None

What competition exists?
No local competition

What are the seasonal trends?
Decembers tend to be the peak season

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

What VAT documentation is on file?
SARS document available on request.

Are there up-to-date Management Accounts available?
Yes, documents available on request

What Balance Sheet and Income Statements are available?
Yes, documents available on request

What percentage of the business is cash/credit?
+- 50% cash 50% card transactions

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

What is the joining fee, % royalties, % marketing fee
Joining fee is +- R120 000 8% royalties of turnover 4% for marketing

What is the total staff complement?
A total of 14 staff members

Give a breakdown of staff/ functions/ length of service?
Personnel worked longer than 5 years: 2 managers 2 cashiers 4 kitchen members Personnel worked less than 5 years: 6 personnel

Are they on contract?
Yes, contract is place for each staff member

Do any have management potential?
2 managers already appointed

How involved is the Owner in running the business?
The owner is 100% involved in the business

When does the current lease end?
4 years left on the lease agreement The current lease 2023

Is there an option of renewal & what period?
5 years renewable

What is the annual escalation %?
The annual escalation is 6%

What are the trading hours?
Mondays - Thursdays: 09:30 - 20:30 Fridays - Saturdays: 09:15 - 20:45 Sundays: 10:00 - 20:00

What is the square meters of the business?
120 square meters

Who is the Owner/Landlord?
Spire Properties

Is a copy of the lease available?
Yes, document available on request

Do you require a licence?
No licence is required

What lease deposit and/or other surety is required?
R12 000.00 Deposit

What are the main assets of the business?
The appliances and IT appliances

Are any items not included in the sale?
The generator 50kva is not included in the sale

What is their overall condition?
Good

Do any require repairing?
No repairs needed

How have they been valued ?
Purchase price less depreciation

Are they presently insured?
Yes, Mutual & Federal

Strengths?
No competition at all in town Very little seasonal trends Personnel loyal and consistent

Weaknesses?
Owner/manager must stay hands-on

Opportunities?
New anchor tenant, Pick a Pay in centre More social media marketing can be done

Threats?
No threats were identified

What is the reason for the sale?
The owner has many business interests Focus elsewhere

What is the price plus stock and the profit?
Turnover: R500 000pm (R50 000 including salary) For Owner (R25 000 excluding salary)