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Bargain!! Owner Established A Top Franchise, But Now Emigrating
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Business For Sale


BUSINESS FOR SALE OVERVIEW


A once off opportunity has arisen to acquire a Top Franchised Fast Food outlet in a highly desirable location among the students, owner established and is emigrating and needs to sell, new one costs over R800,000, Save over R500,000!

BUSINESS SELLING DETAILS

  Selling Price     275,000   Turn Over Per Month     53,212 
  Stock Included 12,000    Profit Per Month -7,495
  Assets Included  108,000   R.O.I %  -33%
  Total Price  275,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  A once off opportunity has arisen to acquire a Franchised Fast Food in a highly desirable location among the students, owner established the business and is now emigrating and needs to sell.

Included is the outlet with a mobile special events unit and Gazebo. Current owner has permit at Loftus for 2017 in addition to the store. New outlet is over R800,000 from Franchisor and that is without mobile unit, so save over R500,000.
When was the business established? Five years
How long has the owner had the business? Three months operating
 How Does The Business Operate
How does the business operate on a daily basis Owner pops in twice a day morning and evening, the morning for stock take and evening to help close.
How are the clients attracted to the business? Walk past trade, busy centre in the heart of student land
Value for money offering
Very large student population
What Advertising/Marketing is carried out? Franchisor consistently launches monthly specials
Ongoing promotions
Does the business have any contract work? No
What competition exists? No direct competition
Seasonal Trends? Busiest during the academic year will students are at class
 Financial Information
Vat Registered?  No
Vat Documentation on File?  Not registered
Management Accounts? Yes
Audited Financials? No, only been running the business three months
What as Cash/Credit Split? Card 60%
Cash 40%
Debtors Book Age Analisys There is no debtors book
How can you improve the profitability? Attend special events at Loftus and any other gatherings with the mobile unit
Marketing and loyalty cards
 Is Seller Finance available and if so what is it?  No, cash sale
   Staffing Of the Business
What is the total number of Staff? Two
Staff Breakdown The two staff members do everything in the business, serve clients, prep work, stock counts, cleaning, etc.
Staff Special Perks and Bonuses? Monthly incentive
Once a month meal from the store
Are the staff on Contract? Yes employment contracts are in place
Does any of the staff have management potential? One is the more senior staff memberq
How involved is the Owner in running the business? Limited oversight only
  Premises Of the Business
When Does the Current Lease ends? In nine months
Is there an option to renew? Yes for one year (is standard)
What is the annual escalation % Unclear
What are the Trading Hours? Mon-Fri 09:00 - 18:00
Sat 09:00 - 13:00
What is the square meters? 62m²
Is a copy of the lease available?  Yes, on file
Do You require a license? Only Radio permit
 Assets Of The Business
Full Asset List available? See asset list, but basically the store and the mobile unit with Gazebo
 Anything not included in the sale? No
 What is condition of the assets Excellent, everything was serviced prior to the new owner taking over, Mobile unit is brand new
 Any Assets on Lease/HP that Buyer needs to take over?  No
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGTHS Fantastic franchise brand, Great Franchisor support, Franchisor advertising, Value for money product offering, Very easy to operate
 WEAKNESSES None Identified
 OPPORTUNITIES Special Events, additional marketing and loyaltu cards
 THREATS None Identified
 Summary
Why is the owner selling it? The seller is emigrating, they had applied before buying the store and though it wasn't coming through which it did after they took over.


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have viewed this page since 30 April 2015