Sectors / Category

Annual turnover

|
  • Mandate: 34316
  • Added: 12 Nov 2020
  • AFS
  • 775

New Funky Food Franchise

North West, North West
775
Mandate 34316
Added 12 Nov 2020
R 807,000* ZAR
Stock: R 7,000
Assets: R 475,000
R 1,914 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

Perfectly located take-away and sit-down restaurant

New Funky Food Franchise
SELLING PRICE AFS
R 807,000* ZAR
Stock: R7,000
Assets: R475,000
R 1,914 ZAR
Summary

Perfectly located take-away and sit-down restaurant

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Fully describe the business's activities?
Food Franchise with fresh concept based on convenience, great taste and a feel good outing, with take-way, sit down and delivery meals.

How long has the business been established?
This is a new franchise that started in March 2020

How long has the owner had the business?
Since March 2020

How does the business operate on a daily basis?
The business is owner managed, with a front counter for orders, sit down as well as delivery service model

How are the clients attracted to the business?
Facebook and High Visibility factor from Main Street with ample and accessible parking.

What Advertising/Marketing is carried out?
Facebook driven as well as Impulse purchases from high volume pass by traffic from main road

What competition exists?
There are a number of fast foods, restaurants and delivery services in area, yet the Franchise is fresh vibrant and uniquely positioned around South African favourite foods.

How did the Covid-19 pandemic impact the business turnover / daily operations?
The business was closed at the height of lockdown

Are there up-to-date Management Accounts available?
GAAP financial system as well as Franchise reports are available

What Balance Sheet and Income Statements are available?
GAAP financial system as well as Franchise reports are available

What percentage of the business is cash/credit?
As with current trends there is a greater percentage of cards being used - There is no credit sales

How could the profitability of the business be improved?
- Focus from hands-on manager will significantly drive business - Completion of sit-down area in restaurant would add additional revenues - Adding a liquor license would add additional revenues - Adding delivery motorbikes to the offering would add additional revenues

Is Seller finance available and for what amount?
No - It is a directive from Franchise Holders that buyer should have capital to purchase business as well as working capital to finish the sit-down area of the business

What is the total staff complement?
Eight permanent staff and two casual staff

How involved is the Owner in running the business?
Owner should be hands-on and be actively involved in business

When does the current lease end?
There is a five year lease in place

What are the trading hours?
Monday to Saturday 08:00 to 20:00 and Sunday 09:00 to 19:00

What are the main assets of the business?
There are a number of assets in the business that would typically be found in Restaurant of this nature

What is their overall condition?
The overall condition of all assets are good

Do any require repairing?
Extractor fan would need attention

How have they been valued ?
Mixture of actual invoices from suppliers as well as estimation of replacement cost by current owner

Strengths?
- Great location and Fresh Brand

Opportunities?
- Focus from hands-on manager will significantly drive business - Completion of sit-down area in restaurant would add additional revenues - Adding a liquor license would add additional revenues - Adding delivery motorbikes to the offering would add additional revenues

What is the reason for the sale?
Owner wishes to focus his attention on farming services

Why is this a good business?
With a few adjustments, hands-on focus and basic restaurant/food best practices this business would yield good results

What is the price plus stock and the profit?
R800,000

Other listings by Frans
R 9.50MZAR
Added : 17 Nov 2020 216
Yearly profit: R286,142
North West
FRANCHISE DETAILS

Aldes Potchefstroom

1 members
2 active mandates
North West , Potchefstroom
Mia Meent Unit 3 6 Fick Street Potchefstroom
Potchefstroom

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