Fully describe the business's activities?
Franchise Asian fast food restaurant and take away. The businesses focus is on the Deliveries and Take Away market with very little sit-down trade. This also reflects in the numbers which show that the business is already on 70% plus of its turnover attributable to the Deliveries and Take Away markets. The Delivery and Take Away market is also where the future focus of the business should be and the business lends itself perfectly to this market space.
How long has the business been established?
How long has the owner had the business?
Owner started the business
How does the business operate on a daily basis?
Consistent, predictable trade from walk-in customers from the shopping mall, loyal regulars, in-house deliveries and 3rd party deliveries (UberEats, MrD and OrderIN)
How are the clients attracted to the business?
Franchisorâs brand marketing and promotions, locality marketing and visible location for walk-in trade
What Advertising/Marketing is carried out?
Ongoing promotions by the Franchisor and various planned and ad-hoc marketing activities by the store, often targeted at the over 4,000 regulars on a database (sms campaigns etc). Every Saturday half-price sushi.
Does the business have any contract work?
What competition exists?
The normal fast food competition
What are the seasonal trends?
Minimal fluctuation, not predictable
Is the business VAT Registered?
What VAT documentation is on file?
All returns up to date
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
About 15% is cash
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Muslim-ownership and the occasional presence of the owner in the store or owner-management
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
2 Managers 3 Chefs 1 Sushi Chef 5 kitchen Assistants 3 Waiters. The Managers, 1 of the Chefs and 2 Kitchen Assistance since day 1, the other staff mostly 1 to 2 years
Do any receive special perks or incentives?
The Managers get monthly bonus if they reach personal and storeâs targets The kitchen assistance get performance bonus partially funded by waitersâ tips and occasional spot-incentives based on exceptional performance
Are they on contract?
Yes in place
Do any have management potential?
Yes, the Sushi Chef
How involved is the Owner in running the business?
Only remotely, salaries and back-office admin.
When does the current lease end?
In October 2021
Is there an option of renewal & what period?
Yes for five years
What is the annual escalation %?
What are the trading hours?
11:00 - 21:00 Monday to Saturday 12:00 - 21:00 Sunday
What is the square meters of the business?
56mÂ² plus outside seating at no charge to the lessee.
Is a copy of the lease available?
Do you require a licence?
Business license, regular extraction cleaning and pest-control certificate, Halaal certificate
What are the main assets of the business?
The equipment used within the business
Are any items not included in the sale?
No, everything is included
What is their overall condition?
Good, regularly well maintained
Do any require repairing?
Which assets are on lease/HP and with whom?
Are they presently insured?
Yes, for Fire and Riot
Loyal customer base, strong brand with unique offering / limited competition
Owner not involved and travelling on a regular basis
On-site catering at businesses, homes, festivals etc, targeted marketing to the large Muslim community in the area. Build on existing continuous growth of turnover and profit.
Covid-19 is having an impact on all businesses tied in with the general economics
What is the reason for the sale?
Owner cannot give the business the time it requires
Why is this a good business?
Well established in good location, steady growth, stable and co-operative landlord, loyal honest hard-working team. Immense growth opportunities, especially for a Muslim-owner
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Annual Turnover Amount between R 500 thousand and R 6 million