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Frozen Yoghurt Franchise In Pretoria
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Business For Sale


BUSINESS FOR SALE OVERVIEW


A rare opportunity to acquire this Frozen Yoghurt Franchise at way below setup cost (New store over R800,000), the seller has already disposed of his other food industry assets and is left with this last business to sell to completely exit the industry. Situated in a very popular up market mall, easy to run and manage with great growth potential.


BUSINESS SELLING DETAILS

  Selling Price     250,000   Turn Over Per Month     82,103 
  Stock Included 25,000    Profit Per Month 19,331
  Assets Included  500,000   R.O.I %  91%
  Total Price   250,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Well known franchise selling frozen yoghurt and coffee.

The seller has had this store manager run since December last year which has adversely affected the performance which is reflected in the figures. The manager has been let go and the owner is currently running the store themselves.

The seller is however leaving the food industry and have sold their other restaurants and only wish to sell this store still and are therefore prepared to offer this at the price stated for a speedy sale.
When was the business established?  November 2013
How long has the owner had the business? Owner started the business
 How Does The Business Operate
How does the business operate on a daily basis Owner run
How are the clients attracted to the business? Passing trade, mall states 800,000 feet at 11% growth for the centre.
What Advertising/Marketing is carried out? Have done pamphlets and school drops. Head office as a truck that visits schools.
Does the business have any contract work? No
What competition exists? None in the centre
Seasonal Trends? Peak season is late September through mid February
 Financial Information
Vat Registered? Yes
Vat Documentation on File? All on file with the seller.
Management Accounts? Yes, please note the figures are based on recast financials with the following adjustments
1. The managers salary of R5,000 has been removed from the expenses.
2. The royalties have been removed as the franchisor is not charging royalties any more but only a flat R4,000 monthly marketing fee.
3. Due to the simplicity of the bookkeeping this has been adjusted to R500 every second month.
Audited Financials? None
What as Cash/Credit Split? 50/50 Cash and card
Debtors Book Age Analisys None
How can you improve the profitability? Additional services, marketing through the schools
 Is Seller Finance available and if so what is it?  No, cash sale
   Staffing Of the Business
What is the total number of Staff? 2 staff members.
Staff Breakdown 2 x Back of house staff, mixing, cleaning machines and store
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  No
Does any of the staff have management potential? No
How involved is the Owner in running the business? Since the manager has recently been let go the owner is spending 100% of the time at the business
  Premises Of the Business
When Does the Current Lease ends? November 2018
Is there an option to renew? Yes, 5 years
What is the annual escalation % 8%
What are the Trading Hours? Mon-Fri & Sun 09:00 – 18:00
Sat 08:30 – 18:00
Public Holidays 09:00 – 15:00
What is the square meters? 65m²
Is a copy of the lease available? Yes
Do You require a license? No
 Assets Of The Business
Full Asset List available?  Yes, owner will provide
 Anything not included in the sale? Yes the coffee machine
 What is condition of the assets Very good
 Any Assets on Lease/HP that Buyer needs to take over? Yes, however owner will settle all assets on lease
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Well know nice franchise brand
Best product in the market place
Scope to expand on the lines
 WEAKNESSES Lack of owner involvement till very recently
Brand needs to be exposed more
 OPPORTUNITIES Introduce cones, flapjacks and Belgium waffles
 THREATS None identified
 Summary
Why is this a good business Well established , well run, well located business
Why is the owner selling it? Seller is getting out of the food industry


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