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Francesca's Italian Kitchen

Investment Opportunity; Fully Managed; Serious Cashflow; Nationwide Expansion Opportunity

$Expressions of Interest - Christchurch

#010518

detail

With both sites (Wanaka and Christchurch) experiencing year on year revenue growth and being fully booked throughout the year, FIK is ready to be taken to the next stage via national expansion or franchising. The owners wish to remain in the business but due to the running of several other successful hospitality sites throughout the South Island, they simply do not have the capacity to make this happen. A lot of time and effort has been placed on establishing systems and processes with nationwide growth in mind.

Business Strengths

  • Strong growth and profitability
  • 'Francesca's' Cookbook to be released on 1 November 2018 (Published by Penguin)
  • Unbeatable systems and procedures
  • High profile brand recognition
  • Excellent locations, fit outs and lease terms
  • Run by a strong team with limited input from ownership
  • Ability to grow the brand by either Franchising or opening more outlets
  • Quality and very affordable food offering
  • Strong cash flow
  • Highly rated by both Facebook and Trip Advisor
  • Protected IP
  • Ongoing investment in the brand story and resources

An investor or group of investors who can identify the huge potential to expand the current setup by either opening additional outlets or setting up a Franchise model.

The current owners have worked exceptionally hard over the years to establish the restaurants and the brand but do not have the capacity to expand the operations further, as they are tied up with other non-competing sites & projects they have started. They are very open to be involved in whatever  capacity the new ownership structure deemed appropriate.

Contact: Sam Cherry
Office: Christchurch

Confidentiality Agreement for Business Reference 010518, Broker Name Sam Cherry

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Ltd (Licensed under REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above, I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party;
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. We acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office;
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Ltd (Licensed under REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach;
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
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