Business Summary
R 5,600,000 Purchase Price (Excluding Stock)
R 150,000 Trading Stock (Excluded from the Purchase Price)
R17.9Mill Annual Sales (Average Per Month: R1,491,000) (Excluding VAT)
R 1.9Mill Annual Net Profit (Average Per Month: R 158,000) (Before Tax)
Steers & Debonairs are 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.
The business consists of two shops (Outlets), which are located for many years, not far from one another in the Central Business Area of the Pretoria CBD. The one shop is a combo store and consist of a Steers & Debonairs and the other shop is a freestanding Debonairs. The two businesses are for sale, jointly in one combined transaction as a “Going Concern” from the legal entity that holds both businesses.
The businesses have no problem with power outage when there are power interruptions due to load shedding. The business shows constant growth in revenue over the past years, under very difficult trading conditions after Covid-19. The staff are fully trained and have been working in the business for many years, the staff turnover was very low up to date. The pre-tax profit is excellent, due to relatively low rent and the general operational expenses are also below the industry benchmark.
IMPORTANT NOTE
There are certain terms and conditions and requirements in terms of our agreement with the seller under which we are restricted to introduce a potential purchaser/investor to the business, no detailed operational/financial information will be disclosed without the required documentary and sours documents being processed according to the seller's criteria.
Interested applicants need to provide the following and be available for the following processes;
1.Proof of unencumbered cash to the total amount of R5.6Mill (Total Purchase Price). Alternatively, R3 Mill cash as own contribution to qualify for a possible loan (This is a requirement from the Seller, Famous Brands and the Commercial Banks)
2.Complete None-Disclosure Agreement (NDA)
3.Upon receipt of the above, a compulsory introduction meeting will be arranged before any information will be disclosed.
