History and Overview Of The Business
|
| Fully describe the business's activities |
Fried chicken franchise involved in the preparation, cooking and selling of Fried Chicken on a daily basis |
| When was the business established? |
2016 |
| How long has the owner had the business? |
Ownwe started the business |
How Does The Business Operate
|
| How does the business operate on a daily basis |
The business is staff run from opening, preparation, daily sales to ordering and closing |
| How are the clients attracted to the business? |
Quality of the product is of a high standard and the customers love the taste of the meals and great service from the staff |
| What Advertising/Marketing is carried out? |
On digital billboard in town
Marketing through monthly promotions
Distribution of pamphlets |
| Does the business have any contract work? |
Currently there is no contract work but this can be seen as an opportunity to grow the business when we can generate contracts |
| What competition exists? |
The normal competition in this market space |
| Seasonal Trends? |
There are no seasonal trends, however the menu items bought during the month differ from the beginning of the month to the end of the month. |
Financial Information
|
| Vat Registered? |
Yes |
| Vat Documentation on File? |
All Vat documentation is on file and available |
| Management Accounts? |
Yes |
| Audited Financials? |
Not yet required |
| What as Cash/Credit Split? |
95% Cash |
| Debtors Book Age Analisys |
There are no debtors |
| How can you improve the profitability? |
Sourcing product at a lower cost than currently being paid.
Operating longer hours with earlier opening and later closing times
Through weekly promotions and give aways |
| Is Seller Finance available and if so what is it? |
No |
Staffing Of the Business
|
| What is the total number of Staff? |
5 People working 8 Hour shifts and 1 hour lunch
1 manager |
| Staff Breakdown |
Manage
Cook
Runner (Cleaner front part of restaurant and counter) |
| Staff Special Perks and Bonuses? |
The staff have a staff account where they get 20% discount, each staff member gets 5 days off a month |
| Are the staff on Contract? |
Yes |
| Does any of the staff have management potential? |
Yes, the current manager is opening and running the business for the last 6 months |
| How involved is the Owner in running the business? |
The owners are pretty much involved in all aspects of the business but die to their careers they can only spend 1 hour a day to the operation snecessary |
Premises Of the Business
|
| When Does the Current Lease ends? |
1 March 2017 |
| Is there an option to renew? |
Yes for a period of three years |
| What is the annual escalation % |
10% |
| What are the Trading Hours? |
08:30-16:30 Mon to Fri
08:30-17:00 Sat
08:30-14:00 Only Last Sunday of the month |
| What is the square meters? |
80m² |
| Is a copy of the lease available? |
Yes |
| Do You require a license? |
No |
Assets Of The Business
|
| Full Asset List available? |
Yes |
| Anything not included in the sale? |
No, everything is included |
| What is condition of the assets |
Good |
| Any Assets on Lease/HP that Buyer needs to take over? |
No |
| Are they insured at the moment? |
Yes |
SWOT Of The Business
|
| STRENGTHS |
Location, Product, Staff friendliness, Loyal staff members, Support from Franchisor |
| WEAKNESSES |
Quiet times during middle of month |
| OPPORTUNITIES |
Extended Trading hours, Marketing and advertising, specials |
| THREATS |
May not be safe closing too late at night |
Summary
|
| Why is this a good business |
Well established , well run, well located business |
| Why is the owner selling it? |
Owners are too busy in their careers and personal lives to focus on the business |