Fully describe the business's activities?
Top branded pizza shop for sale in Pretoria East. The Seller will accept terms from a qualified Buyer. One franchise is fully functional - the second needs a revamp and can then be opened. The business trades in a well-known and established residential area in Pretoria and has an established client base.
How long has the business been established?
This 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
Delivery = 50%. Takea-way = 14%. Sit down = 36%.
How does the business operate on a daily basis?
Two Managers = one opens / one locks. Stock and prep work is done on-site. Own telesales system.
How are the clients attracted to the business?
Well-known brand. Word of mouth and an established client base.
What Advertising/Marketing is carried out?
All marketing is carried out by Head Office. Local store marketing is done on a smaller scale by the owners and management.
Is the business VAT Registered?
Yes, the business is registered for VAT.
What VAT documentation is on file?
Documentation available on request.
Are there up-to-date Management Accounts available?
Discounted Cash Value available for both shops.
What Balance Sheet and Income Statements are available?
Year End 2021 is available.
What percentage of the business is cash/credit?
Credit Card = 70%. Cash = 30%.
What is the total staff complement?
Staff members = 26.
Give a breakdown of staff/ functions/ length of service?
Managers = 4. Drivers = 6. Kitchen & Cashiers = 16.
Are they on contract?
Yes - contract workers.
Do any have management potential?
The current managers have been in the business for a while - fully trained and in charge of all the business operations.
How involved is the Owner in running the business?
The current owner has more than one business & visits to the store once a week.
Is there an option of renewal & what period?
Option for renewal - further three years.
What is the annual escalation %?
7% Per annum.
What are the trading hours?
Daily 10:00 - 22:00.
Is a copy of the lease available?
Yes, on request.
What are the main assets of the business?
Equipment, generator, fittings & stock on hand.
What is their overall condition?
Very good condition.
Do any require repairing?
No - not currently.
How have they been valued ?
Owner has 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 with a good client base. Known for their good service and quality food. Part of a good support system - 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 and is scaling down on his interests.
Why is this a good business?
Well-established franchise brand in an upmarket residential area.
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