Sectors / Category

Annual turnover

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  • Mandate: 35095
  • Added: 06 Jan 2022
  • AFS
  • 642

Specialized waffle,ice cream (and cakes) and milkshake franchise shop up

Gauteng, Pretoria
642
Mandate 35095
Added 06 Jan 2022
R 2,460,000* ZAR
Stock: R 60,000
Assets: R 1,000,000
R 76,143 ZAR
Johan Mouton
Aldes Focus
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

This brand specialize in gourmet ice cream ,milkshakes ans waffles.

Specialized waffle,ice cream (and cakes) and milkshake franchise shop up
SELLING PRICE AFS
R 2,460,000* ZAR
Stock: R60,000
Assets: R1,000,000
R 76,143 ZAR
Summary

This brand specialize in gourmet ice cream ,milkshakes ans waffles.

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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?
None

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?
Yes

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?
Daily.

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 %?
8%

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 ?
Owners valuation

Which assets are on lease/HP and with whom?
None - all paid for.

Are they presently insured?
Yes

Strengths?
Part of a strong franchise brand. Based in a mall. Lots of support from locals and shoppers.

Weaknesses?
Perhaps some more direct / targeted marketing

Opportunities?
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?
R75 000

What is the monthly royalty, management and marketing fees? Are these fees based on turnover or a flat rate?
Royalties 7% Marketing 5%

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AGENCY DETAILS

Aldes Focus

4 members
56 mandates
Gauteng , Pretoria East
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
Pretoria East
0081

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