Business Summary
Acquisition Value
R1,700,000: Business Value (Selling Price)
R 100,000: Stock (Estimated)
R1,800,000: Total Acquisition Value (Including Stock)
Revenue (Annual) - Rounded
R8,2 Million Sales
R3,5 Million Cost of Sales (Food Cost)
R4,7 Million Gross Profit
Profitability (Annual) - Rounded
R4,2 Million Operating Expenses
R 500,000 Net Profit (EBITDA) per Annum
R 42,000: Net Profit (EBITDA) per Month (Average)
Steers and Fishaways is one of the top branded food Franchise groups in South Africa for many years and also a blue-chip investment opportunity, part of Famous Brands. The brands are under the top 10 major fast-food franchises in South Africa when it comes to growth in revenue.
This combo store is located for more than 15 years, well established in a very busy neighborhood center in an upmarket suburb of Gauteng. The potential opportunity consists of 2 stores, in one combined transaction.
There was good growth of sales above the average benchmark of the industry over the past financial year, due to residential growth in the area, strong brand and marketing support from Famous Brands. Home deliveries are becoming increasingly convenient and popular in South Africa and the stores are very well equipped and delivery-ready to grow in this segment of the market, with an excellent delivery system and concept.
There are two large schools with more than 1,000 learners each in the area, a well-known High School and Primary School. Support for the schools and the community is very important, given that the parents live in the area surrounding the business; the business is therefore well-known to the market and is regarded as a landmark.
IMPORTANT NOTE
The owner has certain protocols/conditions and preferences under which we are restricted to disclose business information.
Interested applicants need to provide a signed NDA, proof of unincumbered cash available (on request) and the owner prefers an introduction meeting before disclosure of information.
