Presentation on theme: "Newtown Mid Wales Drive-Thru Gastronomy Foods UK Ltd 17 th August 2012 APPROVAL."— Presentation transcript:
Newtown Mid Wales Drive-Thru Gastronomy Foods UK Ltd 17 th August 2012 APPROVAL
Expansion Criteria Quarter 1 Quarter 2 Quarter 3 Quarter 4 84.3%81.8%74.7% 83%84%81% Yes CER Results CMS Results Royalty Payments/Fees Up To Date Supplier Payments Up To Date
Franchise People Slide Franchise DC Summary and Management Update 2012 Franchise Name:Gastronomy Foods UK LtdTotal Number of Stores11 Optimum ManagementCurrent ManagementVarianceIn Training Variance to Optimum Leavers in Q2 2012 Above Store Capability Ops Manager1 1 0 00 0 Area Coach2 2 0 01 0 Trainers1 1 0 00 0 Store level Capability RGM11RGM11RGM0Internal RGM11RGM0 ARGM7 8 1External RGM0 ARGM0 TL25TL43TL18TARGM12TL10 TTL1230TRGM0 TARGM0 TTL3 Reason if Optimum RGM Number does not equal Number of Stores Progress and Key Milestones in Q2 2012Plans for Q3 2012 13 new DC candidates finished books and are running shifts shadowed by existing managers. All to be skilled assessed and signed off by end P7. LZ rolled out for all RGms, will be continuing when recertification comes back online. TPWY rolled out to RGMs. Training Manager qualified as first Aid Instructor. Cleaning and Accountability workshops held in 4 stores with opportunities identified by CER, providing better TL knowledge and capability, and enabling Performance management to be carried out for further issues. TRGM to be confirmed RGM by end P8. New TRGM to be confirmed if successful by end Q3. RGMs to cascade LZ to ARGMs, TLs by end P7. Recertification of managers starts P7, starting with long term managers. TPWY will follw Recertification. First Aid courses will be held for all management, scheduled in, and will be completed by end P7. New DC Course to be initiated after the Roll out 19th June
Regional Context Map of Site Location Potential SitesExisting Franchisee Existing GFUK Rest. Proposed Site
Summary Proposed unitCore DT (260) Does proposed unit conform to Market Plan? Yes Main generatorsTraffic, Population from a 20min Drive Time. Through road to Mid & West Wales from the Midlands. CompetitionMcDonalds Opposite Proposed KFC unit 2012 PSA £33,000 Nearest KFC’sKFC Shrewsbury No Overlap £17,000
Deal Summary Rent per square foot and/ or total annual rent or freehold deal £22 per sq. ft. Annual Rent of £57,772. 12 months rent free period. Length of lease20 Years. 5 yearly reviews with a 15 tenant only Break-Clause Service chargeTBD Conditionality6 months rent to be held as a deposit with Landlords for 3 years. Forecast Breakeven ££18,000 Breakeven. Predicted PSA sales ££22,000 Forecast opening dateOctober 2013
Projected Timelines. Dates Site legally secured dateOctober 2012 Planning submitted dateNovember 2012 Construction start dateJune 2013 Store Opening PredictionOctober 2013 Any qualifying comments on aboveThese are conservative timelines as the Developers have already had discussions with the planners and a positive response was received.
Notes - Newtown There is a By-Pass proposed which has been on the cards since 1970. Since the Tesco was built, a few years ago, the traffic is extremely congested and slow moving. The By-Pass has been listed as a priority now by the Welsh Assembly. They are hoping to get construction underway in 2014. I have looked at the detailed traffic movement predictions produced by the Welsh Assembly and they are available if anyone chooses to see them. In my view, this By-Pass will only help our Drive-Thru as it can take up to 1 hour just to get through the town during peak times.