Fully describe the business's activities?
a South African take away franchise group ,established in 1989 and well known for their BIG BIG BURGERS . This franchise BURGERS has become somewhat of a LEGEND for its generous size and amazing flavour. For the last 32 phenomenal years the original local favourites include the legendary Beef or Chicken burger, the unique Sputnik, and of course the genuine SLAP CHIPS. The franchise also offer your favourite drinks including Slush Puppies, Coke Floats, Milkshakes (try our Peppermint Crisp Milkshake) and our new Big Brew Coffee.
How long has the owner had the business?
Current owner established the franchise is 2018
Give a breakdown between sit-down, takeaways and deliveries
Take a ways 60% Deliveries 40%
How does the business operate on a daily basis?
Manager run franchise
How are the clients attracted to the business?
Mostly word of mouth and Brand Marketing Website and local social media.
What are the seasonal trends?
Winter months show a increase of sales.
How did the Covid-19 pandemic impact the business turnover / daily operations?
Covid-19 dis have a impact on sales,but turnover show a normalizing tendency
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Staff management and delivery services was introduced to increase sales
Is the business VAT Registered?
What VAT documentation is on file?
Latest and up to date
Are there up-to-date Management Accounts available?
Up to the end of September 2021
What percentage of the business is cash/credit?
Mostly card payments.
How could the profitability of the business be improved?
A more hands on Owner,will improve sales and profitabillity
What is the total staff complement?
4 permanent staff 3 Temporary staff
Are they on contract?
Yes all staff is contracted as per labour law
How involved is the Owner in running the business?
Only part time.
Is there an option of renewal & what period?
Yes for 3 years
What is the annual escalation %?
7% per year
What are the trading hours?
10h00 to 22h00
What is the square meters of the business?
120 Square meters
Is a copy of the lease available?
Yes on request
What are the main assets of the business?
A complete asset list is available
What is their overall condition?
Well maintained and still brand new.
How have they been valued ?
Are they presently insured?
Well established franchise brand, with 30 years plus trade support to franchisees. This franchise branch is established in a Higher income suburb with ample young families.
This branch needs a more hands on owner and a good local store marketing plan.
What is the reason for the sale?
Current owner is moving to a other Province
Why is this a good business?
This is a well established Franchise brand with a growing market.
What is the price plus stock and the profit?
Selling price R400 000 Stock R20 000 Profit R71 621
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