Filters
LocationSouth Africa, Gauteng

Sector - Food

Asking Price
R1,065,000
Monthly Profit
R 40,839
Asset Value
R 750,000
Stock Value
R 35,000
Yearly Net Profit
R 490,073

Summary

Manager run franchise in large mall. Well established with trained staff.

Give me more information

Fully describe the business's activities?

Very well established Milky lane. Operational for many years, recently relocated in food court of large regional mall. Enjoys both covered and indoor seating. Large food courts draws clients. Operates 7 days per week. brand speaks for itself.

Please note the figures are based on RECAST financials with a reduced Rental on a three year lease.

How does the business operate on a daily basis?

Business is currently manager run and the current cost will be lower if the owner runs the business themselves. Opens at 10 during the week and 9 on weekends. Clients are typically drawn from the mall.

What Advertising/Marketing is carried out?

None other than head office

What competition exists?

There are no real direct competitors although some other brands offer some of the same products not all, the only other sole ice cream offering is “Pauls Home Made Ice Cream” but they offer only hard ice cream and target a higher LSM compared to Milkylane. The brand only sells soft-serve ice cream.

How could the profitability of the business be improved?

Salaries can be optimised with the removal of management
More marketing required

How involved is the Owner in running the business?

Not involved daily.

When does the current lease end?

Currently on a new 5 year lease from Dec 2019 at a reduced rate of R560m²

HOWEVER the sellers are in negotiation with the landlord for a new 3 year lease at R350m², the recast numbers for the business are also based on a Rental of R350m²

What are the trading hours?

Mon-Thurs 10-9 Fri- Sun 9-10. Sunday hours could be reduced.

What are the main assets of the business?

Operational assets, tables chairs, kitchen equipment

Strengths?

Well know brand, product offering, no competition, trained staff, have value price point, products attractive to wide LSM

Weaknesses?

Owners not involved

Opportunities?

Cake sales, marketing to many schools in the area
New NIce Cream sticks campaign that the brand that put a huge effort into, its a whole ecosystem of delivering an innovative product to wider areas of the market, prospectus available

Threats?

None

What is the reason for the sale?

Sellers have corporate jobs

Location

Contact | Enquire

Erich

Erich Haupt

LocationSouth Africa, Gauteng

Preferred method of contact

Logo
Access to the number one business broking tool to get your business sold.
We've got you covered!

We offer an innovative and intuitive

solution for selling your business, franchise and premises

Promote

Promote

your business for sale

Advertise

Reach

the right audience

Gain

Gain

more exposure

Sign up for our Sellers' Portal Affordable monthly packages
Man

Knowledge Bank

Get the latest information, valuable tips and share in the professional knowledge of business experts on selling or buying a business

Buyers

Buying Your First Business

As an entrepreneur, you are always on the lookout for a new opportunity, or to compare your business

Checking the Numbers

Before taking over a business, one should always conduct a proper due diligence. In fact, it is ad

Sellers

Can I Franchise my Business? – Ten Things to Consider

Many businesses get to a stage where they consider expansion, and franchising is one way of expandin

What makes a great Business Coach?

A great ActionCOACH first and foremost has a passion for business, as well as a passion for helping

Common Mistakes to Avoid when Valuating an Online Business

Unlike other businesses, the online venture may not have any tangible assets such as property, machi