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. |