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PROFILE |
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Description: |
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The company, located in Cape Town, South Africa, is seeking to sell 70% of the equity with the rights to sell franchises to new franchisees. This creates a perpetual income stream from the sale and supply of raw materials and equipment used in the production by franchisees of soft drinks, fruit juices and more. Further income derives from initial fees payable by franchisees to acquire the territorial rights to the brands and know how. |
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Industry / Sector: |
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Food - Manufacture and/or Distribution |
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LOCATION |
| State / Province: |
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Western Cape RSA |
| City / Town: |
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Cape Town |
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Location / Area: |
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Cape Town |
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Metro Proximity: |
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Cape Town. It should be possible to commute from this metro city to the business location. |
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Portability: |
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Highly Portable - Can be operated from almost anywhere without much disruption of operations.
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PRICE |
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Asking Price: |
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R 4 000 000
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| Conditions: |
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Cash on signature |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 227 000 per month
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| Profit: |
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R 223 250 per month
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| Annual Return: |
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67
% per annum
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| No. of Staff: |
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1 |
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Year Established: |
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2003 |
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Legal Persona: |
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Close Corporation |
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Other Information: |
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NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT
Some experience in franchising in the food and beverage sector would be advantageous, but is not a necessary requirement.
OPPORTUNITY for GROWTH
Signed franchise agreements are in place and opportunities in Africa and East Asia to attract new franchisees have been identified.
LIFESTYLE ISSUES
Can be operated from a home office location.
REASON FOR SALE
The current owner (CC member) wishes to retire.
NON-DISCLOSURE AGREEMENT
Any interested party will need to be prepared to complete and sign an non-disclosure agreement.
AVAILABILITY of AUDITED FINANCIALS
Aufited financials up to fiscal Feb 2023
Management accounts to January 2026
DUE DILIGENCE
Signed franchise agreements and debtor's listings with contact details.
SALE CONDITIONS
Cash on signature will be required.
PROOF of FUNDING REQUIREMENT
A potential buyer needs to demonstrate that they have access to the required unencumbered cash funds to finance the cash transaction portion of this purchase.
The seller will not provide any documentation, business details or financials and will not accept any offer unless the proof of funding has been provided.
HANDOVER ARRANGEMENTS and TRAINING
The following processes, documentation and information would be delivered as perfection of the sale after the conditions of sale have been met.
- Transfer of ownership of all legal entities.
- Management control.
- Intellectual property (trade-marks, formulations, know-how)
- Training of concentrate maker.
- Introduction to suppliers and transfer of any arrangements.
- Current supply agreements with suppliers and buyers.
- Current franchise agreements with existing franchisees.
- Details of negotiations in process.
- Confidentiality agreements and RESTRAINT OF TRADE with all SELLING members.
- The current managing member (of the CC) will remain available as a consultant for 3 months.
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