"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
A Restaurant with sit down, take away and delivery service. Well known for its Pizza's and Pasta but offers a full menu. It is one of the top 3 within the Franchise group. This quality business in a great strip mall, producing excellent profitability, in an extremely busy and fast growing area on the West Rand does not come up For sale very often.
Nett Profitability over an 11 month period from March 2020 to February 2021 (Closed April 2020 due to lockdown) was R2,8m
How long has the business been established?
2005
How does the business operate on a daily basis?
Sales consist of about 50% deliveries, 20% take away and about 30% sit down.
How are the clients attracted to the business?
It offers a full menu with a liquor license and is extremely well situated.
Is the business VAT Registered?
Yes
What VAT documentation is on file?
All documentation is available to qualified buyers.
What percentage of the business is cash/credit?
All cash and credit card.
What is the total staff complement?
Seventeen
When does the current lease end?
2023
Is there an option of renewal & what period?
Yes for another 5 years with an option
Do you require a licence?
Franchisor approval is required.
What lease deposit and/or other surety is required?
2 Months
Strengths?
Extremely well situated in a fast growing area and producing great profitability
What is the reason for the sale?
Owner moving to a different province. He has owned several of the same brand previously and has been part of the brand for several years. A buyer will be taking over and trained by a top operator.
Why is this a good business?
Only serious buyers with sufficient financial back up need to apply as the Franchisor will be strict on selection due to the high quality of the outlet.
A buyer will be required to have at least 70% of unencumbered cash of the total purchase price to be considered.
What is the price plus stock and the profit?
R5,5m including stock, profitability ranges from 240k pm to 300k pm and averages at about R255k pm.
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