Fully describe the business's activities?
This Pizza business is a well known franchised brand. The sale consists of 50% delivery ,14% take a way and 36% sit in. The business trades in a well known and established residential area in Pretoria. The business was recently revamped
How long has the business been established?
This Branded business was established in 2003
How long has the owner had the business?
The current owner took over in 2003
Give a breakdown between sit-down, takeaways and deliveries
Sit In 36% Take a Way 14% Deliveries 50%
How does the business operate on a daily basis?
There are two managers, one opens while the other closes. Stock and prep work are done on site. The business has its own telesales system.
How are the clients attracted to the business?
Very well known Brand. Word of mouth and a established client base.
What Advertising/Marketing is carried out?
All marketing is carried out by the Head Office. Local store marketing is done on a smaller scale by the owners and management.
Is the business VAT Registered?
What VAT documentation is on file?
All on request
Are there up-to-date Management Accounts available?
Yes for 6 Months ending August 2019
What Balance Sheet and Income Statements are available?
Yes can be provided
What percentage of the business is cash/credit?
Mostly card sales. Cash at 30%
What is the total staff complement?
13 staff members in total
Give a breakdown of staff/ functions/ length of service?
Managers x 2 Drivers X 3 Kitchen and Cashiers x 8
Are they on contract?
Yes, according to labour laws
Do any have management potential?
The current managers has been in the business for a while, fully trained and in charge of the entire business operation.
How involved is the Owner in running the business?
The current owner has more than one business ,visits to the store once a week.
When does the current lease end?
The current lease ends in 2020
Is there an option of renewal & what period?
Option of renewal is for a further three years
What is the annual escalation %?
7% per annum
What are the trading hours?
From 10h00 to 22H00
Is a copy of the lease available?
Yes on request
What are the main assets of the business?
Equipment,Shopfitting and stock are the main assets of the business. The generators are included
What is their overall condition?
Basically New. In prime condition.
Do any require repairing?
No If any,will be repaired by the seller
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
Well known ,established franchised brand. The shop is based in a good residential area. Well known for its good service and quality food. Part of a good support system,as the franchisor is one of the biggest role players in the sector.
Local store marketing plan needs to be updated.
Increase Number of Delivery Vehicles.
None we can perceive
What is the reason for the sale?
The seller has other businesses ,he is scaling down his interest.
Why is this a good business?
Well established franchise brand. Well establish in a upmarket residential area.
What is the price plus stock and the profit?
Selling Price R1440 000 profit R60 000 pm
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