Fully describe the business's activities?
This very well established Wimpy in northern suburbs is ready for new owner. Seller will complete the required revamp at his cost!
How long has the business been established?
How long has the owner had the business?
For last 12 years
How does the business operate on a daily basis?
Wimpy is a breakfast, burger, fast food lunch & evening business complemented by delivery & take outs
How are the clients attracted to the business?
Brand, franchisor advertising.
What Advertising/Marketing is carried out?
What competition exists?
In the area are Steers, Chicken Licken, Kentucky & McDonalds
What are the seasonal trends?
December holiday is the peak
What is the total staff complement?
23- the manager will not stay with the business.
How involved is the Owner in running the business?
The owner has a GM so is not involved. A new owner will have to either be involved or appoint a manager.
When does the current lease end?
Lease expires in 2023
Is there an option of renewal & what period?
Yes 5 years
What is the annual escalation %?
What are the trading hours?
What are the main assets of the business?
Are any items not included in the sale?
Generator and aircon which buyer has option to buy
What is their overall condition?
All assets in good condition as per franchisor spec.
Well known brand, established business, trained staff, location
No dinner trade
Owner involvement to drive the business
What is the reason for the sale?
Owner has other business interests
Why is this a good business?
Exceptionally well know brand, good trading hours, trained staff, location
What is the price plus stock and the profit?
R2,7m excluding R50k stock
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