Business For Sale,Businesses For Sale,Franchised,Fast Food,Asian,Thai,Take Away,Fast Food,Johannesburg,Gauteng Business For Sale
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Franchised Asian Fast Food 70% Take Away
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Franchised Asian food outlet with 70% plus of its sales already as Deliveries and Take Away is situated in a popular and busy mall. The current owner does not have the time to attend to the business leaving a nice growth potential for the new owner. The food is also ideally suited to Take Away and Deliveries as will be the new norm in the country.


BUSINESS SELLING DETAILS

  Selling Price     1,000,000   Turn Over Per Month     340,000 
  Stock Included 50,000    Profit Per Month 39,154
  Assets Included  935,000   R.O.I %  47%
  Total Price   1,000,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Franchise Asian fast food restaurant and take away. The businesses focus is on the Deliveries and Take Away market with very little sit-down trade. This also reflects in the numbers which show that the business is already on 70% plus of its turnover attributable to the Deliveries and Take Away markets. The Delivery and Take Away market is also where the future focus of the business should be and the business lends itself perfectly to this market space.
When was the business established? 2016
How long has the owner had the business? The owner started the business
 How Does The Business Operate
How does the business operate on a daily basis Consistent, predictable trade from walk-in customers from the shopping mall, loyal regulars, in-house deliveries and 3rd party deliveries (UberEats, MrD and OrderIN)
How are the clients attracted to the business? Franchisor’s brand marketing and promotions, locality marketing and visible location for walk-in trade
What Advertising/Marketing is carried out? Ongoing promotions by the Franchisor and various planned and ad-hoc marketing activities by the store, often targeted at the over 4,000 regulars on a database (sms campaigns etc). Every Saturday half-price sushi.
Does the business have any contract work? No
What competition exists? The normal fast food competition
Seasonal Trends? Minimal fluctuation, not predictable
 Financial Information
Vat Registered Yes
Vat Documentation on File? All returns up to date
Management Accounts? Yes
What as Cash/Credit Split? About 15% Cash
Debtors Book Age Analisys None
How can you improve the profitability? Muslim-ownership and the occasional presence of the owner in the store or owner-management
 Is Seller Finance available and if so what is it? No
   Staffing Of the Business
What is the total number of Staff? Fourteen staff
Staff Breakdown 2 Managers
3 Chefs
1 Sushi Chef
5 kitchen Assistants
3 Waiters. 
The Managers, 1 of the Chefs and 2 Kitchen Assistance since day 1, the other staff mostly 1 to 2 years
Staff Special Perks and Bonuses? The Managers get monthly bonus if they reach personal and store’s targets
The kitchen assistance get performance bonus partially funded by waiters’ tips and occasional spot-incentives based on exceptional performance
Are the staff on Contract? Yes in place
Does any of the staff have management potential? Yes, the Sushi Chef
How involved is the Owner in running the business? Only remotely, salaries and back-office admin.
  Premises Of the Business
When Does the Current Lease ends? In October 2021
Is there an option to renew? Yes for five years
What is the annual escalation % 8% Annual
What are the Trading Hours? 11:00 - 21:00 Monday to Saturday
12:00 - 21:00 Sunday
What is the square meters? 56m² plus outside seating at no charge to the lessee.
Is a copy of the lease available? Yes
Do You require a license? Business license, regular extraction cleaning and pest-control certificate, Halaal certificate
 Assets Of The Business
Full Asset List available?  Yes, owner will provide
 Anything not included in the sale?  No, everything is included
 What is condition of the assets Good, regularly well maintained
 Any Assets on Lease/HP that Buyer needs to take over?  No
 Are they insured at the moment? Yes, for Fire and Riot
  SWOT Of The Business
 STRENGTHS Loyal customer base, strong brand with unique offering / limited competition
 WEAKNESSES Owner not involved and travelling on a regular basis
 OPPORTUNITIES On-site catering at businesses, homes, festivals etc, targeted marketing to the large Muslim community in the area. Build on existing continuous growth of turnover and profit.
 THREATS Covid-19 is having an impact on all businesses tied in with the general economics
 Summary
Why is this a good business Well established in good location, steady growth, stable and co-operative landlord, loyal honest hard-working team. Immense growth opportunities, especially for a Muslim-owner
Why is the owner selling it? Owner cannot give the business the time it requires


Business For Sale,Businesses For Sale,Franchised,Fast Food,Asian,Thai,Take Away,Fast Food,Johannesburg,Gauteng Business For Sale

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have viewed this page since 14 April 2020