Fully describe the business's activities?
This franchise offers an authentic South African fast food experience and with its unique concept and distinctive brand, is growing rapidly.
How long has the business been established?
This store has been operating for about 4 years and was re-branded by the franchisor 2 years ago.
How does the business operate on a daily basis?
The owner spends very little time at the store and the business is currently operated entirely by staff. While "walk-ins" generate the bulk of the turnover, online orders and deliveries are increasing and account for a significant portion already.
How are the clients attracted to the business?
This is a fast growing brand and the outlet is extremely well situated in a busy with lots of passing trade.
What Advertising/Marketing is carried out?
The franchisor advertises extensively via various social media and other platforms. Their target market has been clearly defined and they have a marketing strategy to match.
What competition exists?
There are a few other fast food outlets in the vicinity, however, this concept is quite different.
Is the business VAT Registered?
Yes, the business is a registered VAT vendor.
What VAT documentation is on file?
All relevant documentation is on file.
Are there up-to-date Management Accounts available?
Management accounts for the 12 months ended February 2020 are on file.
How could the profitability of the business be improved?
The store is currently entirely manager operated. With a dedicated owner-operator, the profitability of this business could be improved significantly.
Is Seller finance available and for what amount?
Yes, the seller/franchisor will consider financing options.
What is the total staff complement?
The store employ around 8 - 10 staff members including a supervisor and delivery drivers.
Are they on contract?
All staff have valid contracts in place.
How involved is the Owner in running the business?
The owner is not involved in the day-to-day operations of the business at all.
When does the current lease end?
A new lease agreement will be negotiated with the landlord, so as to run concurrently with the new franchise agreements.
What are the trading hours?
The business operates from 9am to 9pm daily.
Do you require a licence?
Normal trading licenses as well as health and safety compliance certificates. This store already has a liquor license which is transferable.
What are the main assets of the business?
Kitchen and catering equipment as well as shopfittings and computer equipment.
What is their overall condition?
Excellent, the assets are fairly new.
How have they been valued ?
The assets have been valued by the owner at second hand value.
Are they presently insured?
Yes, all the assets are fully insured.
The store has just been revamped. Fast growing franchise brand, well known for their unique take on food. Excellent quality at affordable prices. Extremely well located in a large mall with lots of passing trade. Low royalties.
The store is entirely manager operated.
There is excellent scope for growth and a committed and dedicated owner operator could boost turnovers significantly by reducing costs and implementing control measures that would be well managed and closely monitored.
General economic threats.
What is the reason for the sale?
This outlet is owned by the franchisor who is concentrating on opening new stores (of which there are several in the pipeline), and providing franchisee support.
Why is this a good business?
This is a growing franchise business that is easy to operate. The royalties are low and the franchisor provides excellent support.
What is the price plus stock and the profit?
The asking price is R400 000 excluding stock estimated at around R30 000 and excluding franchise joining fees.
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