Sectors / Category

Annual turnover

  • Mandate: 33636
  • Added: 15 Sep 2020
  • AFS
  • 110

This franchise brand is one of our top business brands in SA in the Free State

Free State,
Mandate 33636
Added 15 Sep 2020
R 3,095,000* ZAR
Stock: R 80,000
Assets: R 3,373,206
R 99,258 ZAR
Pierre De Klerk
Aldes Bloemfontein
Free State, Bloemfontein
Free State, Bloemfontein

This franchise brand is one of our top business brands in SA  in the Free State
R 3,095,000* ZAR
Stock: R80,000
Assets: R3,373,206
R 99,258 ZAR

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Fully describe the business's activities?
This franchise brand is a house hold name, well-established, very well-known brand. This franchise has an established client base. The Franchisor support is very good. A listed company and has the experience reaching years back.

How long has the business been established?
This business has been established for 12 years

How long has the owner had the business?
This owner has the business for 9 months, the previous owner had the business for almost 11 years

Give a breakdown between sit-down, takeaways and deliveries
We see strong growth in the delivery sector. During 2018 our MR D and Uber sales were as below compared to 2019. MR D (MONTHLY SALES) & UBER (MONTHLY SALES) R 2500.00 in 2018 compared to R 27 000.00 in 2019. R 0 in 2018 compared to R 3000.00 in 2019. “sit down” 70% Take aways 15 % Deliveries 15 %

How does the business operate on a daily basis?
Manager run on a daily basis.

How are the clients attracted to the business?
This is a a well-known brand. This franchise has been at this center for a very long time Has a growing established client base.

What Advertising/Marketing is carried out?
Franchise marketing is great Good client base Word of mouth

Does the business have any contract work?

What competition exists?
There are numerous of these franchise in town

What are the seasonal trends?
During April & December months, there tends to be more sales than usual

How did the Covid-19 pandemic impact the business turnover / daily operations?
We saw a decrease of 50% of sales in the short term, trade is slowly recovering and we should finish on around 35% from normal turnovers for August. We have received many discounts from the landlords as well as Franchisor and thus these businesses are healthy and well although still negatively impacted by COVID-19. We can discuss this in more detail at a later stage.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
We have made many operational changes as a result of COVID-19 , these are files and files of procedures that were implemented. I would be happy to share these at a later stage.

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

What VAT documentation is on file?
Yes, available on request

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

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

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

What is the age analysis of the debtors book?

How could the profitability of the business be improved?
More local store marketing can be done.

Is Seller finance available and for what amount?
Yes +-50 % Seller Finance is available - To be negotiated with owner

What is the total staff complement?
There are 26 staff members

Give a breakdown of staff/ functions/ length of service?
3 x Managers 23 x waiters, cashiers, cleaners

Do any receive special perks or incentives?
Only year end bonuses

Are they on contract?

Do any have management potential?
Yes, currently 3 managers

How involved is the Owner in running the business?
The owner is +- 20% involved in the business

Any special arrangements for the staff related to the Covid-19 pandemic?
In terms of staff, most were temporarily retrenched for April to assist them to claim from the TERS fund. Most staff has been re-employed now

When does the current lease end?
This lease agreement ends in 2024

Is there an option of renewal & what period?
Malls has a 5 years lease agreement Yes lease agreement can be renewed

What is the annual escalation %?
The annual escalation is 8%

What are the trading hours?
Mondays - Saturdays 07:00 - 22:00 Sundays 07:00 - 19:00

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

Who is the Owner/Landlord?
External Landlord

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

Do you require a licence?
Yes, Liquor licences is requires

What lease deposit and/or other surety is required?
2 months rental deposit is required

What are the main assets of the business?
The equipment is the main assets op the business

What is their overall condition?
Very good condition

Do any require repairing?

How have they been valued ?
Owners valuation

Which assets are on lease/HP and with whom?
The computer system, Micros Pos

Will Seller settle or Buyer to take over?
Buyer will take over

Are copies of agreements available?
Yes, available on request

Are they presently insured?
Yes insurance is in place

This franchise offers the owner a very good established growing client base, in a well known location. This franchise brand has a well-known support base from there head office. Creative marketing strategies The franchise has been operational for 12 years in the same premises

Not much, the new owner can put his own stamp on the business, going forward, as the current owner had the business for only 9 months The owner can be more involved in the business

Marketing opportunities The new owner can put more time and effort in the making the clientele grow

Weak economy Other competitors

What is the reason for the sale?
The owner is relocating

Why is this a good business?
This franchise is a well known brand. This franchise is a landmark country wide. We have seen this shift in the delivery sector and responded accordingly, our stores are the leading take away franchise is 12th on a national level.

What is the price plus stock and the profit?
Selling price R2 715 000.00 Estimated Stock R 80 000.00 Commission R 300 000.00

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1 members
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