Fully describe the business's activities?
This is one of SA's leading pizza franchises operating in a busy mall. These pizzeria's (on average) record the highest sales per square metre in the industry.
How long has the business been established?
How long has the owner had the business?
Give a breakdown between sit-down, takeaways and deliveries
Sit-down 30% Take-aways 70%
How does the business operate on a daily basis?
Standard pizza take-away store serving walk in clientele. The store is located in a high foot traffic area in the mall.
How are the clients attracted to the business?
Well known national brand. Store is located in busy mall.
What Advertising/Marketing is carried out?
National advertising and promotion campaigns are carried out by the Franchisor. Brand has strong market position.
What competition exists?
General competition between take-out businesses in the mall.
What are the seasonal trends?
Increased trade in summer months but the business trades well throughout the year.
How did the Covid-19 pandemic impact the business turnover / daily operations?
The business closed during April 2020 and re-opened during stage 4. The business is returning to normal trade.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Social distancing is exercised as well as standard compliance.
Is the business VAT Registered?
What VAT documentation is on file?
Up to date.
What is the total staff complement?
14 staff includes 2 managers.
Give a breakdown of staff/ functions/ length of service?
Staff been with business since inception.
Are they on contract?
All staff on contract
Do any have management potential?
Management structure in place.
How involved is the Owner in running the business?
The owner has multiple stores and is not involved on a daily basis. An operations manager visits the store on a weekly basis.
When does the current lease end?
Is there an option of renewal & what period?
Yes, 5 year renewal option.
What are the trading hours?
Mall trading hours.
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
All food licenses are in place.
What lease deposit and/or other surety is required?
2 months rental deposit required.
What are the main assets of the business?
Full asset list will be made available to qualified buyers.
What is their overall condition?
Good working order.
Are they presently insured?
All assets are comprehensively insured.
Leading national brand with strong market position.
To do deliveries in surrounding areas.
What is the reason for the sale?
Owners are looking to consolidate their portfolio of businesses.
Why is this a good business?
Well established sort after pizza franchise being sold for less than the setup of a new store. A new store setup costs are in the excess of R2,5million.
What is the price plus stock and the profit?
R1 925 000-00 excluding R150 000-00 stock and R90 000 franchise joining fee.
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