Purchase Price: R 3,400,000 (Excluding Stock)
Stock: R 100,000 (Excluded from the Purchase Price)
Annual revenue: R 8,388,900Mill (Excluding VAT)
Annual net profit: R 842,220 (Pre-Tax)
Steers & Fishaways are well-known, 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 a listed top 100 company on the Johannesburg stock exchange. Both Steers and Fishaways falls under the top 20 major fast-food franchises in South Africa when it comes to growth in revenue, posting growth figures of above 10% per annum.
The combo fast foods are located for more than 15 years in a very busy neighborhood center in an upmarket suburb of Pretoria. The business was closed in the beginning of 2020 (March & April) due to the COVID-19 pandemic for five weeks and grew rapidly back to the normal trend in average sales in a very short period ever since. Over the past six months since October 2021, there was exceptional growth of sales above the average benchmark of the group.
Interested applicants need to provide the following and be available for the following proses;
- Proof of R2 Million unencumbered cash (This is a requirement of the Franchisor and the Commercial Banks); to qualify for a term loan.
- Complete None-Disclosure Agreement (NDA)
- Upon receipt of the above, a compulsory introduction meeting will be arranged before any information will be disclosed.
Above proses is a pre-condition of our mandate agreement with the seller and non-negotiable in the proses and terms of the agreement. The business location and information are a sensitive matter and therefor can only be viewed by a proper appointment between the parties involved