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Annual turnover

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  • Mandate: 33817
  • Added: 18 Mar 2020
  • AFS
  • 706

3 well located Sushi shops in upmarket areas, ideal for franchising

Gauteng, Johannesburg
706
Mandate 33817
Added 18 Mar 2020
R 2,560,000* ZAR
Stock: R 60,000
Assets: R 250,000
R 73,275 ZAR
Malcolm Keevy
(PRINCIPAL)
Aldes Elite
Gauteng, Sandton
Gauteng, Sandton
Summary

3 well located Sushi shops in upmarket areas, ideal for franchising

3 well located Sushi shops in upmarket areas, ideal for franchising
SELLING PRICE AFS
R 2,560,000* ZAR
Stock: R60,000
Assets: R250,000
R 73,275 ZAR
Summary

3 well located Sushi shops in upmarket areas, ideal for franchising

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please supply us with your details below

Fully describe the business's activities?
The business operates 3 sushi outlets supplying Sushi, Chinese meals and platters in well located shops in small shopping centres

How long has the business been established?
Various opening dates, 2006, 2009, 2017

How long has the owner had the business?
Since inception

Give a breakdown between sit-down, takeaways and deliveries
Mostly takeaway and deliveries with some sit down clientele, 20% cash plus Uber eats and Mr D.

How does the business operate on a daily basis?
The owner orders stock and cash up, spends a few hours a day between the shops, the staff open and close

How are the clients attracted to the business?
Well known in their areas for people looking for healthy food, they also run a "buy 2 get 1 free" specials which are popular with clients

What Advertising/Marketing is carried out?
Some social media

Does the business have any contract work?
No but regular repeat business

What competition exists?
None in the areas they serve

What are the seasonal trends?
Business is quite stable with a boost in November

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Will be made available to qualified buyers during a due diligence

Are there up-to-date Management Accounts available?
Yes to Feb 2020

What percentage of the business is cash/credit?
20 % cash

How could the profitability of the business be improved?
More advertising and specials

Is Seller finance available and for what amount?
No

What is the total staff complement?
11 staff in total excluding the owner

Do any have management potential?
The staff manage the shops with owner overview

How involved is the Owner in running the business?
Spends a few hours per day on the businesses, when he is away the outlets function normally

When does the current lease end?
Various

Is there an option of renewal & what period?
Various

What is the annual escalation %?
Varies

What is the square meters of the business?
Space varies from 15 to 30 square metres

What lease deposit and/or other surety is required?
Varies

What are the main assets of the business?
Kitchen and display equipment

Are any items not included in the sale?
All included

What is their overall condition?
Good working order

Do any require repairing?
No, normal maintenance

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
Well known in the areas they serve, supplying good quality food

Weaknesses?
None known

Opportunities?
Ideally poised for growth with 3 successful outlets, option to open additional outlets or open it up for franchising, run promotions such as they run "buy 2 get 1 free" which are well received

Threats?
None known

What is the reason for the sale?
Owner has other business interests

Why is this a good business?
Well established business in upmarket areas

What is the price plus stock and the profit?
Selling at R2.5m plus stock

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FRANCHISE DETAILS

Aldes Elite

1 members
7 active mandates
Gauteng , Sandton
11 Rockleigh 14 Chrysler Street Woodmead 2191
Sandton
4285

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