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LocationSouth Africa, Western Cape

Sector - Food

Asking Price
R850,000
Monthly Profit
R 20,000
Asset Value
R 60,000
Stock Value
R 15,000
Yearly Net Profit
R 240,000

Summary

We spesialise in freshly baked bagels. Menu consists of 40 filled bagels ranging in price from R22 to R80. We also sell freshly squeezed juices and barista quality coffees.

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Background and History

The Jacks Bagels franchise originated in Port Elizabeth in 2018. The brand started franchising in December 2020. Currently there are 16 stores country wide. Jacks Bagels Paarl was the 12th store to open on 16 April 2021.

We, as franchisees, currently own two stores: Stellenbosch (opened December 2020) and Paarl.

Products and Services

The store has a menu consisting of 40 filled bagels ranging in price from R22 to R80. All bagels are freshly baked in store every day. We also specialise in coffee and freshly squeezed juices

Assets

One pizza prep fridge
One bar fridge
Griller- flat top
3 chest freezers
Gas stove
Two baking ovens
Barista coffee machine
Juicer
10 tables with chairs

Employees

There are 5 full time staff members
1 manager (started on 16 April 2021)
1 barista
1 baker
2 staff members making the bagels and prepping all fillings

Location, Building and Lease agreement

Heritage building located in the Main street Paarl.
Building size: 110 square metres
3 year lease agreement with 7% yearly escalation

Financials and Forecasts

Management overview reports
Turnover reports

Reason for Sale

We are in the process of opening a third franchise store (also Stellenbosch).
Both of us (husband and wife) also work in other sector. Therefore, we have decided to focus more of our time and energy on our Stellenbosch stores. Also, fact that we have two young children makes travelling between Stellenbosch and Paarl a challenge.

Conclusion

Jacks Bagels is an emerging franchise with stores opening every few months. The affordability of the menu means that we reach a wide range of clientele. However, we are the only bagel franchise in South Africa which makes this an unique destination and experience.

Location

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Lize-Mare

Lize-Mare van Zyl

Preferred method of contact

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