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Annual turnover

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  • Mandate: 34881
  • Added: 06 Sep 2021
  • AFS
  • 459

Franchised Chicken Retailer

Northern Cape, Northern Cape
459
Mandate 34881
Added 06 Sep 2021
R 800,000* ZAR
Stock: R 0
Assets: R 855,854
R -19,228 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

Retail Store supplying range of chicken products to walkin and institutions

Franchised Chicken Retailer
SELLING PRICE AFS
R 800,000* ZAR
Stock: R0
Assets: R855,854
R -19,228 ZAR
Summary

Retail Store supplying range of chicken products to walkin and institutions

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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?
2019

How long has the owner had the business?
Since 2019 as a new Franchise

Product Overview
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?
Yes

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

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?
No

What is their overall condition?
Good Condition

Do any require repairing?
No

How have they been valued ?
Owner estimated replacement value

Strengths?
Well known Franchised Brand. High Demand Product

Weaknesses?
No BEE Credentials to secure larger contracts.

Opportunities?
Larger contracts in region for supply of bulk chicken products

Threats?
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?
R800k

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AGENCY DETAILS

Aldes Potchefstroom

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

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