History and Overview Of The Business
|
| Fully describe the business's activities |
Niche franchised Take Away in busy area with great scope to expand the business with some owner involvement, current owner not involved |
| When was the business established? |
Around 10 years |
| How long has the owner had the business? |
Around 7 years |
How Does The Business Operate
|
| How does the business operate on a daily basis |
The staff basically run the business with minimum owner oversight, the seller however recommends that the new owner be hands on in the business to get the maximum benefit. |
| How are the clients attracted to the business? |
A very well established brand draws the clients and then word of mouth |
| What Advertising/Marketing is carried out? |
None |
| Does the business have any contract work? |
No |
| What competition exists? |
There is no competition in the area for the businesses products |
| Seasonal Trends? |
Winter are the busiest months and the business currently closes from the 20th December to the 7th January |
Financial Information
|
| Vat Registered? |
Yes, but is in group that has multiple businesses in the all fall under the company, hence no business specific Vat returns. |
| Vat Documentation on File? |
Part of a larger group, no business specific returns |
| Management Accounts? |
Yes |
| Audited Financials? |
None, part of a larger group |
| What as Cash/Credit Split? |
Cash 40%
Card 60% |
| Debtors Book Age Analisys |
None, there are no debtors |
| How can you improve the profitability? |
With a owner that is directly involved in the day to day running of the business, focus can be given to marketing the business to the surrounding industry and other businesses.
Then it would make sense to employ a runner that can also go around and seller product from a basket. |
| Is Seller Finance available and if so what is it? |
No |
Staffing Of the Business
|
| What is the total number of Staff? |
3 |
| Staff Breakdown |
3 x Kitchen staff handling all the prep and cooking.
The buyer will do the cashier themselves or need to budget for a cashier, not budgeted in these expenses |
| Staff Special Perks and Bonuses? |
None but the owner will try and make a small performance bonus available if the business did well in the year |
| Are the staff on Contract? |
Yes employment contracts in place |
| Does any of the staff have management potential? |
No |
| How involved is the Owner in running the business? |
Daily oversight but no direct involvement in the day to day running of the business. |
Premises Of the Business
|
| When Does the Current Lease ends? |
November 2017 |
| Is there an option to renew? |
Yes for up to 3 years |
| What is the annual escalation % |
Negotiable every year |
| What are the Trading Hours? |
09:00-18:00 Mon-Fri
09:00-15:00 Sat
The hours could be shortened by one hour in the sellers opinion |
| What is the square meters? |
72m² |
| Is a copy of the lease available? |
Yes |
| Do You require a license? |
Only the normal required for a food business |
Assets Of The Business
|
| Full Asset List available? |
Seller will draw up, approximately R100,000
Includes a brand new generator |
| Anything not included in the sale? |
Display cabinet (dresser) in the front of the business |
| 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
|
| STRENGHTS |
Well established brand, set established customer base, central to the surrounding businesses and industrial areas, Great product with good value for money |
| WEAKNESSES |
Owner is not personally involved in the business on a daily basis, not good at marketing |
| OPPORTUNITIES |
Better marketing, there is a wealth of customer within five kilometre radius that are not being served or reached on a daily basis. |
| THREATS |
None identified |
Summary
|
| Why is this a good business |
Well established , well run, well located business |
| Why is the owner selling it? |
Owner is looking to retire and also cannot spend the time required in the business |