Detailed financials available on request
On offer here is a fully operational fast food franchise outlet, with all assets, systems, controls and staff in place. The price is based on the value of the assets only (kitchen and other equipment). Set up cost for this business was in excess of R2m a few years ago. The business is in a prime location with ample parking and good exposure. It has a loyal local customer base but also benefits from tourism in the area. BUT: it needs a hands-on operator who understands the fast food and hospitality industry and who can be involved in the day to day operations. Additional capital required to revamp the outlet totals ± R1.3m including the franchise joining fee. Historical information in this franchise group have shown turnover to increase by at least 20% after a revamp. The revamp is non-negotiable. Information will only be disclosed to buyers who have at least R2.2m unencumbered cash available. This business has the potential to be turned around by a hands-on owner operator. If you are the kind of investor or entrepreneur who will patiently wait for his/her investment to grow over the next 2 - 3 years, then this is an opportunity worth considering. Asking price excludes stock on the day of handover, estimated at ± R55,000.