Verified Listing
Posted on April 12, 2021 / 90
Price : R550,000
Listing Type : Fast Food Franchise
Location : Cape Town
Ref. No : 2737
Year Established : 2018
No. of Employees : 5
Trading Hours : 11:30 - 21:00
Lease Term : 2021
Turnover : R 125 000 pm
Cost of Sales : R 55 000 pm
Expenses : R 100 000 pm
Net Profit : N/A
Asset Value : R 637 458
Stock Value : R 28 512

A growing fast food franchise brand situated in an excellent location. The store is situated in the food court of an extremely busy mall in Cape Town. The business offers a variety of delicious and affordable food with a friendly atmosphere and great service. Opened in 2018, it is the only Halaal store in the country.

It was very profitable pre-Covid. Covid has resulted in a decrease in sales and foot traffic to malls. The team has however been consistently managing the store despite the pandemic challenges. The seller however does not have the capital to sustain the business, and would like to sell at the asset value. Set up cost of a similar store would be approximately R1,100,000.

Pre-COVID-19 figures are as follows (i.e. for the 6 months September 2019 to February 2020): Average Monthly Turnover: R235,000. Average Monthly Cost of Sales: R104,000. Average Monthly Expenses: R115,000. Average Monthly Net Profit: R17,000.

* Yaseen Omar – LP – Cape Town S.Suburbs