"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This coffee shop, one of the Brands of Famous Brands, is a well-known brand with a captive clientele.
Locations of the shops are unique in a specific sector and will be disclosed to approved buyers.
The shop operates as a regular coffee and retail shop.
How long has the business been established?
3 years franchised, and in this location as a non-franchised coffee shop for 7 years.
How long has the owner had the business?
3 years
Give a breakdown between sit-down, takeaways and deliveries
40% Sitdown - 60% takeaway
How does the business operate on a daily basis?
The operating hours are daily from 07:00 - 19:00
The staff runs the shop with the owner's involvement when needed.
There is a Manager in place.
How are the clients attracted to the business?
Clients come to the destination for a specific purpose.
A 2nd shop will soon be opened at the same venue.
What Advertising/Marketing is carried out?
None
Does the business have any contract work?
No
What competition exists?
None
What are the seasonal trends?
Quiter through December and school holidays when schools are on holiday.
Is the business VAT Registered?
Yes - to be provided during a DD.
What VAT documentation is on file?
To be provided during a DD.
Are there up-to-date Management Accounts available?
Yes
What Balance Sheet and Income Statements are available?
Yes - from start to date
What percentage of the business is cash/credit?
30% cash - 70% Cards
What is the age analysis of the debtors book?
N/A
How could the profitability of the business be improved?
2nd Shop opening in the same venue
Is Seller finance available and for what amount?
N/A
What is the total staff complement?
11 Staff Members
Give a breakdown of staff/ functions/ length of service?
Staff have worked at the shop for 5+ years.
Managers are strong and run the ordering and stocking of the store
Do any receive special perks or incentives?
N/A
Are they on contract?
Yes
Do any have management potential?
Yes
How involved is the Owner in running the business?
Owner lives in Joburg and is involved when needed by store managers
When does the current lease end?
2027
Is there an option of renewal & what period?
Yes - 5 Years
What is the annual escalation %?
2%
What are the trading hours?
7am - 7pm
What is the square meters of the business?
N/A
Is a copy of the lease available?
Yes
Do you require a licence?
YEs - Certificate of acceptability and Business license
What lease deposit and/or other surety is required?
N/A
What are the main assets of the business?
POS MACHINE
Fridges
Coffee Machine
Chars and Tables
Deli Fridges
Computer Equipments
Fryers
Are any items not included in the sale?
N/A
What is their overall condition?
Good Condition
Do any require repairing?
No
How have they been valued ?
Purchase Price of machinery available
Which assets are on lease/HP and with whom?
None
What are their settlement amounts?
None
Will Seller settle or Buyer to take over?
None
Are copies of agreements available?
None
Are they presently insured?
Yes
Strengths?
Captive Market
No competition
Staff meals
pricing on retail items]
new shop opening
Weaknesses?
Foot traffic
outside customer awareness
food cost control
Opportunities?
New shop opening in new wing should increase business by 20-30% as emergency room and main entrance is located there.
Threats?
None
What is the reason for the sale?
Owner wishes to invest in Joburg as business is to far and is not utilising opportunity.
Why is this a good business?
This is a good business as it is a captive market located in a hospital with lots of potent for growth.
Ward coffee carts can be added as well as new coffee stall in new wing which will increase business by 20-30%
