Sectors / Category

Annual turnover

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  • Mandate: 34998
  • Added: 27 Oct 2021
  • AFS
  • 187

Fantastic Asian Franchise Restaurant and Take Away

Gauteng, Johannesburg
187
Mandate 34998
Added 27 Oct 2021
R 1,758,000* ZAR
Stock: R 58,000
Assets: R 870,000
R 50,921 ZAR
Frank Schrempel
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

This popular Asian Franchise Restaurant and Take Away is very popular and easy to run with a great franchisor to support you, location is excellent

Fantastic Asian Franchise Restaurant and Take Away
SELLING PRICE AFS
R 1,758,000* ZAR
Stock: R58,000
Assets: R870,000
R 50,921 ZAR
Summary

This popular Asian Franchise Restaurant and Take Away is very popular and easy to run with a great franchisor to support you, location is excellent

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Fully describe the business's activities?
Franchise Asian fast-food restaurants and take away. The businesses focus is on the Deliveries and Take Away market with small sit-down trade. This also reflects in the numbers which show that the business is already on 85% plus of its turnover attributable to the Deliveries and Take Away markets. The Delivery and Take Away market is also where the focus of the business should be and the business lends itself perfectly to this market space.

How long has the business been established?
Four and a half years

How long has the owner had the business?
Eighteen months

How does the business operate on a daily basis?
Business is run by managers with consistent, predictable trade from loyal regulars, walk-in customers, take aways and deliveries

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?
Waze, Uber, App, Web Site

Does the business have any contract work?
No contract work

What competition exists?
The normal fast food competition with minimal competition in the direct area

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All returns are available

Are there up-to-date Management Accounts available?
Yes for 2021 and 2022

What percentage of the business is cash/credit?
100% Cash

What is the age analysis of the debtors book?
No debtors

How could the profitability of the business be improved?
A more involved owner can reduce the required managers, also additional marketing

Is Seller finance available and for what amount?
No

What is the total staff complement?
Fourteen staff members

Do any receive special perks or incentives?
None

Do any have management potential?
Yes, in place

How involved is the Owner in running the business?
Current owner is only involved one day a week

When does the current lease end?
In 2022

Is there an option of renewal & what period?
Yes a five year option

What are the trading hours?
Daily from 10:00 to 21:30, seven days a week

Is a copy of the lease available?
Yes, can be shared with qualifying buyers

Do you require a licence?
Liquor license and Business trading license

What are the main assets of the business?
As per the asset list

What is their overall condition?
The assets are in good condition

Do any require repairing?
No repairs required

Are they presently insured?
Yes

Strengths?
Strong Brand Loyal customer base Strong brand with unique offering / limited competition

Weaknesses?
Owner only involved one day a week Economy

Opportunities?
Local School approached owner to cater for events

Threats?
Covid-19 is having an impact on all businesses tied in with the general economics

What is the reason for the sale?
Seller is pursuing new opportinities

Why is this a good business?
Fantastic franchise that is well established in a great location, steady growth, stable, excellent growth opportunities

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AGENCY DETAILS

Aldes Orion

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

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