South Africa, Free StateSector - Food
Summary
Give me more informationFully describe the business's activities?
This franchise brand is a house hold name, well-established, very well-known brand.
This franchise has an established client base.
The Franchisor support is very good.
A listed company and has the experience reaching years back.
How does the business operate on a daily basis?
Manager run on a daily basis.
What Advertising/Marketing is carried out?
Franchise marketing is great
Good client base
Word of mouth
What competition exists?
There are numerous of these franchise in town
How could the profitability of the business be improved?
More local store marketing can be done.
Give a breakdown of staff/ functions/ length of service?
3 x Managers
23 x waiters, cashiers, cleaners
Do any have management potential?
Yes, currently 3 managers
How involved is the Owner in running the business?
The owner is +- 20% involved in the business
When does the current lease end?
This lease agreement ends in 2024
What are the trading hours?
Mondays - Saturdays 07:00 - 22:00
Sundays 07:00 - 19:00
What are the main assets of the business?
The equipment is the main assets op the business
Strengths?
This franchise offers the owner a very good established growing client base, in a well known location.
This franchise brand has a well-known support base from there head office.
Creative marketing strategies
The franchise has been operational for 19 years in the same premises
Weaknesses?
Not much, the new owner can put his own stamp on the business, going forward, as the current owner had the business for only 9 months
The owner can be more involved in the business
Opportunities?
Marketing opportunities
The new owner can put more time and effort in the making the clientele grow
Threats?
Weak economy
Other competitors
What is the reason for the sale?
The owner is relocating
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