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Annual turnover

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  • Mandate: 34762
  • Added: 15 Jul 2021
  • AFS
  • 116

Franchised Asian Fast Food 70% plus already take Away

Gauteng, Johannesburg
116
Mandate 34762
Added 15 Jul 2021
R 650,000* ZAR
Stock: R 30,000
Assets: R 856,054
R 25,748 ZAR
Frank Schrempel
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

This top franchised Asian food outlet in a popular and busy mall with 70% plus as Deliveries and Take Away. There is nice growth potential as the current owner does not have the time to attend to the business.

Franchised Asian Fast Food 70% plus already take Away
SELLING PRICE AFS
R 650,000* ZAR
Stock: R30,000
Assets: R856,054
R 25,748 ZAR
Summary

This top franchised Asian food outlet in a popular and busy mall with 70% plus as Deliveries and Take Away. There is nice growth potential as the current owner does not have the time to attend to the business.

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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?
Since 2016

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 and MrD)

How are the clients attracted to the business?
Franchisor’s 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?
No

What competition exists?
The normal fast food competition

What are the seasonal trends?
Minimal fluctuation, not predictable

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All returns up to date

Are there up-to-date Management Accounts available?
Yes

What percentage of the business is cash/credit?
About 15% is cash

What is the age analysis of the debtors book?
None

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?
No

What is the total staff complement?
Nine staff

Give a breakdown of staff/ functions/ length of service?
2 Managers 2 Chefs Local 1 Sushi Chef 3 kitchen Assistants 1 Waiter. 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 store’s targets The kitchen assistance get performance bonus partially funded by waiters’ tips and occasional spot-incentives based on exceptional performance

Are they on contract?
Yes in place

Do any have management potential?
No

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 three or five years

What is the annual escalation %?
8% Annual

What are the trading hours?
11:30 - 20:00 Daily

What is the square meters of the business?
56m² plus outside seating at no charge to the lessee.

Is a copy of the lease available?
Yes

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?
No

Which assets are on lease/HP and with whom?
None

Are they presently insured?
No

Strengths?
Loyal customer base, strong brand with unique offering / limited competition

Weaknesses?
Owner not involved and travelling on a regular basis

Opportunities?
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.

Threats?
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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AGENCY DETAILS

Aldes Orion

2 members
12 mandates
Gauteng , Pretoria East
108 Lynburn Rd, Lynnwood Manor
Pretoria East
0081

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