History and Overview Of The Business
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| Fully describe the business's activities |
Franchise Asian fast food restaurant and take away. The businesses focus is on the Deliveries and Take Away market with very little sit-down trade. This also reflects in the numbers which show that the business is already on 70% plus of its turnover attributable to the Deliveries and Take Away markets. The Delivery and Take Away market is also where the future focus of the business should be and the business lends itself perfectly to this market space. |
| When was the business established? |
2016 |
| How long has the owner had the business? |
The owner started the business |
How Does The Business Operate
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| How does the business operate on a daily basis |
Consistent, predictable trade from walk-in customers from the shopping mall, loyal regulars, in-house deliveries and 3rd party deliveries (UberEats, MrD and OrderIN) |
| How are the clients attracted to the business? |
Franchisor’s brand marketing and promotions, locality marketing and visible location for walk-in trade |
| What Advertising/Marketing is carried out? |
Ongoing promotions by the Franchisor and various planned and ad-hoc marketing activities by the store, often targeted at the over 4,000 regulars on a database (sms campaigns etc). Every Saturday half-price sushi. |
| Does the business have any contract work? |
No |
| What competition exists? |
The normal fast food competition |
| Seasonal Trends? |
Minimal fluctuation, not predictable |
Financial Information
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| Vat Registered |
Yes |
| Vat Documentation on File? |
All returns up to date |
| Management Accounts? |
Yes |
| What as Cash/Credit Split? |
About 15% Cash |
| Debtors Book Age Analisys |
None |
| How can you improve the profitability? |
Muslim-ownership and the occasional presence of the owner in the store or owner-management |
| Is Seller Finance available and if so what is it? |
No |
Staffing Of the Business
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| What is the total number of Staff? |
Fourteen staff |
| Staff Breakdown |
2 Managers
3 Chefs
1 Sushi Chef
5 kitchen Assistants
3 Waiters.
The Managers, 1 of the Chefs and 2 Kitchen Assistance since day 1, the other staff mostly 1 to 2 years |
| Staff Special Perks and Bonuses? |
The Managers get monthly bonus if they reach personal and store’s targets
The kitchen assistance get performance bonus partially funded by waiters’ tips and occasional spot-incentives based on exceptional performance |
| Are the staff on Contract? |
Yes in place |
| Does any of the staff have management potential? |
Yes, the Sushi Chef |
| How involved is the Owner in running the business? |
Only remotely, salaries and back-office admin. |
Premises Of the Business
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| When Does the Current Lease ends? |
In October 2021 |
| Is there an option to renew? |
Yes for five years |
| What is the annual escalation % |
8% Annual |
| What are the Trading Hours? |
11:00 - 21:00 Monday to Saturday
12:00 - 21:00 Sunday |
| What is the square meters? |
56m² plus outside seating at no charge to the lessee. |
| Is a copy of the lease available? |
Yes |
| Do You require a license? |
Business license, regular extraction cleaning and pest-control certificate, Halaal certificate |
Assets Of The Business
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| Full Asset List available? |
Yes, owner will provide |
| Anything not included in the sale? |
No, everything is included |
| What is condition of the assets |
Good, regularly well maintained |
| Any Assets on Lease/HP that Buyer needs to take over? |
No |
| Are they insured at the moment? |
Yes, for Fire and Riot |
SWOT Of The Business
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| STRENGTHS |
Loyal customer base, strong brand with unique offering / limited competition |
| WEAKNESSES |
Owner not involved and travelling on a regular basis |
| OPPORTUNITIES |
On-site catering at businesses, homes, festivals etc, targeted marketing to the large Muslim community in the area. Build on existing continuous growth of turnover and profit. |
| THREATS |
Covid-19 is having an impact on all businesses tied in with the general economics |
Summary
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| Why is this a good business |
Well established in good location, steady growth, stable and co-operative landlord, loyal honest hard-working team. Immense growth opportunities, especially for a Muslim-owner |
| Why is the owner selling it? |
Owner cannot give the business the time it requires |