Business For Sale,Businesses For Sale,Franchise Combo,Fast Food, Gauteng Business For Sale, Take Away
|
Famous Brands Franchise combo
Bookmark and Share

Business For Sale


BUSINESS FOR SALE OVERVIEW


Two franchises in one store, one from Famous Brands that complement each other extremely well and have been showing year on year growth of 25% to 35% last year.

The business are being sold together as they cannot be separated and sold separately.



BUSINESS SELLING DETAILS

  Selling Price   2,400,000   Turn Over Per Month     460,000 
  Stock Included 60,000    Profit Per Month 100,000
  Assets Included  2,000,000   R.O.I %  50%
  Total Price   2,400,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Two franchises in one store, both from Famous Brands that complement each other extremely well and have been showing year on year growth of 25% to 35% last year.

The business are being sold together as they cannot be separated and sold separately.

Please note that the franchisor rights for the second store which is held by the seller needs to be purchased from the seller as well and the price for these rights is R500,000, these cannot be split and must be sold all together.
When was the business established?  Over 20 years ago
How long has the owner had the business? The seller has had the business for around 15 years
 How Does The Business Operate
How does the business operate on a daily basis The business is manager and owner run. Currently there are three managers employed, however, it must be noted that Famous Brands wants hands-on owners as franchisees
How are the clients attracted to the business? Foot traffic as the stores have a prime position in the mall.
What Advertising/Marketing is carried out? Outside advertising such as the booms in the car parks, emailing of clients, etc.
Does the business have any contract work? No
What competition exists? No direct competiton in the mall itself
Seasonal Trends? Business peaks in December and summer, the busiest months are October through February and school holidays
 Financial Information
Vat Registered? Yes
Vat Documentation on File? All returns are and tax clearance is in place
Management Accounts?  Yes
Audited Financials? 2016, 2015 and prior years
What as Cash/Credit Split? Cash 60%
Credit Card 40%
Debtors Book Age Analisys No debtors
How can you improve the profitability? Additional external advertising and the current owners have started with ice cream cakes as well.
 Is Seller Finance available and if so what is it? No
   Staffing Of the Business
What is the total number of Staff? 27 Staff members
Staff Breakdown 3 x Managers (1 x Senior, 1 x Assistant, 1 x Casual)
6 x Waiters
18 x Various, Kitchen, etc. (Only 10 are permanent)
Staff Special Perks and Bonuses? Senior manager gets performance bonus
Are the staff on Contract? Yes
Does any of the staff have management potential? Management is in place
How involved is the Owner in running the business? Daily involvement from the owner
  Premises Of the Business
When Does the Current Lease ends? June 2021
Is there an option to renew? Yes 5 years
What is the annual escalation % 7%
What are the Trading Hours? 09:00 - 21:00 Sunday - Thursday
09:00 - 22:00 Friday - Saturday
What is the square meters? 126m²
Is a copy of the lease available?  Yes
Do You require a license? Trading license
Health Certificate, etc.
 Assets Of The Business
Full Asset List available? Stores fittings, fixtures and equipment
 Anything not included in the sale? Al included, seller compiling an Asset register
 What is condition of the assets Very good, current look and feel for franchise
Ongoing repairs and maintenance is performed
 Any Assets on Lease/HP that Buyer needs to take over? None
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Excellent and well known and established Famous Brands Franchises
Unique in the mall and in Pretoria East and North
Well trained staff and great customer service
 WEAKNESSES None identified
 OPPORTUNITIES Have been approached by other Centres to open the same concept in them as well
 THREATS None Identified
 Summary
Why is this a good business Great Famous Brands franchise and other, well established, popular and profitable, basically walk in and take over after the appropriate training of course.
Why is the owner selling it? After 15 years the seller is ready for a change and they are moving to the Cape


Business For Sale,Businesses For Sale,Franchise Combo,Fast Food, Gauteng Business For Sale, Take Away

Find us on Google+
Contact Us
frank@bizxchange.co.za
Do remember to check your spam folder if you do not get a response email and add us to your white list.

 +27-83-309-8655
We are expecting your call

Business Buyers
Membership Membership:
Latest New User Latest: rosemary samuel
Past 24 Hours Past 24 Hours: 0
Prev. 24 Hours Prev. 24 Hours: 0
User Count Overall: 4437

People Online People Online:
Visitors Visitors: 31
Members Members: 0
Total Total: 31

What out Clients Say
SA Topsites ::
Buyers
have viewed this page since 23 January 2017