Sectors / Category

Annual turnover

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  • Mandate: 33716
  • Added: 16 Sep 2020
  • AFS
  • 2044

Non franchised Pizza store in Boksburg

Gauteng, Other
2044
Mandate 33716
Added 16 Sep 2020
R 550,000* ZAR
Stock: R 45,000
Assets: R 299,200
R 30,611 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand
Summary

Non franchised Pizza store showing good growth with opportunity to franchise concept.

SELLING PRICE AFS
R 550,000* ZAR
Stock: R45,000
Assets: R299,200
R 30,611 ZAR
Summary

Non franchised Pizza store showing good growth with opportunity to franchise concept.

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Fully describe the business's activities?
Wood fired oven. Authentic, traditional styled pizza's. The business does there own deliveries.

How long has the business been established?
3,5 years

How long has the owner had the business?
13 months

Give a breakdown between sit-down, takeaways and deliveries
5% sit down 45% take away 50% deliveries

How does the business operate on a daily basis?
Pizzeria - manager opens the store. Staff commence with prep before opening.

How are the clients attracted to the business?
Word of mouth. Large customer base in the area and well known for quality and generous portions.

What Advertising/Marketing is carried out?
Active social media advertising. Google rating 4,8% Mr.D ordering platform

What competition exists?
There are other franchised pizza stores in the area but can't compete on quality. No wood fired pizza stores in the area.

What are the seasonal trends?
Steady trade throughout the year.

Is the business VAT Registered?
No.

Are there up-to-date Management Accounts available?
up to date management accounts available.

What Balance Sheet and Income Statements are available?
Available for serious buyers.

What percentage of the business is cash/credit?
35% cash/ 65% credit card

How could the profitability of the business be improved?
Adding another delivery vehicle and pizza oven. Duplicate concept in adjacent area.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
5 staff.

Give a breakdown of staff/ functions/ length of service?
1 x front of house 3 x back of house 1 x driver

Are they on contract?
Yes.

Do any have management potential?
Yes.

How involved is the Owner in running the business?
The owner is involved on a daily basis.

When does the current lease end?
TBC

Is there an option of renewal & what period?
Yes, 3 years.

What is the annual escalation %?
8%

What are the trading hours?
11:30 - 21:00

Who is the Owner/Landlord?
Goerge (Scorpious Investments)

Is a copy of the lease available?
Yes.

What lease deposit and/or other surety is required?
To be negotiated with landlord.

What are the main assets of the business?
Full asset list available which includes delivery vehicle.

What is their overall condition?
Good working order.

Do any require repairing?
No.

Are they presently insured?
Comprehensive insurance.

Strengths?
Very popular non-franchised. Option to duplicate and franchise. Reliable staff and well known in the community. The business has shown good growth through the lockdown period.

Weaknesses?
None perceived.

Opportunities?
To open similar store in another area. Increase product offering. Still in growth phase and doing well.

Threats?
None perceived.

What is the reason for the sale?
Owner relocating to North Coast.

Why is this a good business?
-Non franchised and very popular. -Savings on franchise fees. -Great website. -Assets include branded delivery vehicle.

What is the price plus stock and the profit?
R550 000 including stock and assets.

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FRANCHISE DETAILS

Aldes Platinum

1 members
16 active mandates
Gauteng , Midrand
8 Baltoro Crescent Midstream Hill
Midrand
0157

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