Fully describe the business's activities?
One of the most successful, profitable brands in the country, this franchise pizza outlet situated in a prime location, is one of the best performing stores in the province.
How long has the business been established?
The business was established by the franchisor in 2016, and sold to the current owners in 2017.
Give a breakdown between sit-down, takeaways and deliveries
Revenue is predominantly generated by takeaways, with a just a small sit down area. While offered, deliveries currently make up an insignificant percentage of the turnover.
How does the business operate on a daily basis?
The business is entirely manager run and is monitored by the owners remotely, with visits to the store once a week.
How are the clients attracted to the business?
This is a well known, popular franchise strategically situated in the busiest center in town.
What Advertising/Marketing is carried out?
Extensive marketing is carried out by the Franchisor nationally via various platforms including TV, radio and social media.
What competition exists?
Normal competition within the fast food industry.
What are the seasonal trends?
The store is busy all year round, however, turnovers tend to increase significantly in December.
How did the Covid-19 pandemic impact the business turnover / daily operations?
The business was closed during the months of April and May 2020, but has consistently performed well since reopening.
Is the business VAT Registered?
Yes, the business is a registered VAT vendor.
Are there up-to-date Management Accounts available?
Up-to-date management accounts are on file with Aldes.
What Balance Sheet and Income Statements are available?
Financial statements in respect of the year ended 29 Feb 2020 will be made available to approved buyers.
What percentage of the business is cash/credit?
The business does not provide credit.
How could the profitability of the business be improved?
While the business does offer deliveries with one motorbike, this has not been focused on. Expanding the delivery model will increase profitability significantly.
What is the total staff complement?
The business currently employs 20 well trained, experienced staff members including a manager and two supervisors.
Are they on contract?
All staff members have valid contracts in place.
How involved is the Owner in running the business?
Apart from weekly visits to the store, the owners oversee operations remotely.
When does the current lease end?
The current lease expires at the end of October 2025.
What is the annual escalation %?
The rent escalates by 8% per annum.
What are the trading hours?
The business operates from 8am to 8pm daily.
Is a copy of the lease available?
A copy of the lease will be made available to approved buyers.
What are the main assets of the business?
The main assets include catering and kitchen equipment. A full inventory of the assets is on file with Aldes.
What is their overall condition?
The assets are in good condition and have been well maintained.
How have they been valued ?
The assets have been valued by the owner at current second hand value.
Which assets are on lease/HP and with whom?
All the assets are financially unencumbered.
Are they presently insured?
Yes, all the assets are comprehensively insured.
Established, successful brand with excellent franchisor support. The store is well known and very well located. Highly trained, competent and experienced staff. Processes and procedures already in place ensure a winning formula. This business is well supported by the community due to its social responsibility efforts.
None have been identified.
The sellers have reduced the price to cover the required revamp, which will improve operations all round. A good opportunity exists to focus on and expand deliveries.
General economic threats.
What is the reason for the sale?
The sellers would like to pursue other opportunities.
What is the price plus stock and the profit?
The asking price is R5 500 000 excluding stock estimated at R200 000. The business generates a net profit of around R134 000 per month.
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