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Purchase Price: R 3,200,000 (Excluding Stock)
Stock: R 70,000 (Excluded from the Purchase Price)
Average Sales Per Month: R 524,000 (Excluding VAT)
Average Net Profit Per Month: R 87,000
Wimpy is a 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. Wimpy also falls under the top major food franchises in South Africa when it comes to revenue per outlet, with more than 480 outlets in South Africa currently, generating revenue of over R 2 billion and generate positive growth of more than 7% annul.
This restaurant specializes in breakfast, burgers and coffee, where it serves sit down & take away customers on a daily basis. The shop is newly revamped to the newest standards of shopfitting and specifications in the group and well located in a very busy shopping center and have excellent exposure to pass trade customers of one of the biggest and well-known supermarket brands in the country. The business has a huge amount of potential for years to come, over and above the historical profitability and is currently showing good turnover growth.
Interested applicants need to provide the following and be available for the following proses;
- Proof of R 2 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
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