Fully describe the business's activities?
Retail store selling a range of poultry/chicken products under a regional franchised branded network.
How long has the business been established?
How long has the owner had the business?
Since 2019 as a new Franchise
Fresh and Frozen Chicken, Eggs, Sauces and Spices, Whole Birds, Retail Braai Packs, Fixed Mass Products, Bulk Portions
How does the business operate on a daily basis?
Retail store that serves walkin customers as well bulk sales to institutions
How are the clients attracted to the business?
National brand ads from Franchise, national website and localised ads, including Facebook page
What Advertising/Marketing is carried out?
Largely Facebook updates
Does the business have any contract work?
No current contracts are in place, yet with correct BEE structures large institution contracts in region could be possible
What competition exists?
There are general retailers in area, yet none that supplies chicken in chicken only retail environment
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
All Financial Statements Available
How could the profitability of the business be improved?
BEE Contracts could be secured. Delivery services could be intyroduced. Visinbility odf store could be improved
What is the total staff complement?
The total staff complement is at 4 staff with the owners that is hands-on
Are they on contract?
Yes all contracts in place
How involved is the Owner in running the business?
The owner is handson
What are the main assets of the business?
Full Asset List Available
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Owner estimated replacement value
Well known Franchised Brand. High Demand Product
No BEE Credentials to secure larger contracts.
Larger contracts in region for supply of bulk chicken products
Revenue shortfall that leads to working capital constraints
What is the reason for the sale?
Owner cannot secure larger contracts due to BEE structures
Why is this a good business?
Well known Franchised brand with Revenue Growth Opportunities
What is the price plus stock and the profit?
Annual Turnover Amount between R 500 thousand and R 6 million