How long has the business been established?
Established in 2020
How does the business operate on a daily basis?
Manager open and closes. Manager and owner manage all aspects of the business
How are the clients attracted to the business?
Well known brand with good products and attention to service. Neat location within mall next to entrance - lots of feet.
What Advertising/Marketing is carried out?
Branded franchise group marketing Local store marketing Social pages Landlord marketing
Does the business have any contract work?
How does the franchise operate on a daily basis?
Manager run. Open and closes with the owner.
Does the Head Office assist in securing contracts (if applicable) or is it up to the individual franchisee's to do this?
Head office does assist with marketing material, branding, training and menu. The owner of the outlet is responsible for marketing
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Standard protocol implemented
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Proper POS system to provide up to date figures as per franchisor requirements
What percentage of the business is cash/credit?
Around 50% cash and 50% credit or debit cards
How could the profitability of the business be improved?
Keep on doing good marketing and excellent services
What is the total staff complement?
Total staff of 12
Are they on contract?
All on contract and in accordance with labour law and franchisor rules
How involved is the Owner in running the business?
When does the current lease end?
4 years remaining on the current lease agreement
Is there an option of renewal & what period?
Option to renew for a further for 3 or 5 years
What is the annual escalation %?
What are the trading hours?
Monday to Friday from 9h00 to 20h00 Saturday from 9h00 to 21h00
What is the square meters of the business?
81 Square meters
Is a copy of the lease available?
Yes on request
Do you require a licence?
No licence required
What are the main assets of the business?
Shop fitting and furniture Equipment (still brand new)
What is their overall condition?
Well maintained and in excellent condition.
How have they been valued ?
Which assets are on lease/HP and with whom?
None - all paid for.
Are they presently insured?
Part of a strong franchise brand. Based in a mall. Lots of support from locals and shoppers.
Perhaps some more direct / targeted marketing
Marketing within the local area and newly developed suburbs can increase sales
What is the reason for the sale?
Current owner wants to immigrate
Why is this a good business?
Franchise branded store. Very well maintained equipment
What is the Franchise joining Fee?
What is the monthly royalty, management and marketing fees? Are these fees based on turnover or a flat rate?
Royalties 7% Marketing 5%
Annual Turnover Amount between R 500 thousand and R 6 million