Vulcan Flame Grill — Implementation Roadmap

The phased implementation roadmap, with key milestones from financial close and the first store openings through the network build-out to scale-up.

Vulcan Flame Grill Business PlanSection 19 › Implementation Roadmap

Section 19 · Business Plan

Implementation Roadmap

The phased implementation roadmap, with key milestones from financial close and the first store openings through the network build-out to scale-up.

The rollout is organised into five parallel workstreams over twenty
quarters, sequenced so that critical dependencies are respected and
capital is committed only as preceding milestones are achieved. The
Gantt schedule below sets out the critical path and key milestones.

Figure 15.
Figure 15. Five-year implementation roadmap: workstreams, dependencies and critical milestones.

Critical milestones

Timing Milestone Dependency / gate
Q2 Year 1 First 3 stores trading Funding close; franchise approvals; fit-out complete
Q4 Year 1 Delivery & loyalty platforms live POS and aggregation integration
Q1 Year 3 6 stores trading; expansion debt drawn Phase 1 trading validated
Q1 Year 4 10 stores trading Phase 2 cluster build-out complete
Q4 Year 5 12-store platform; exit-readiness review Portfolio seasoned; audited track record

Table 37. Critical-path milestones and their gating
dependencies.

Workstream summary

  • A — Capital & governance. Close funding,
    stand up the board and committees, implement IFRS reporting and the ERP
    backbone, and establish the investor reporting cadence.
  • B — Phase 1 rollout. Secure and build the first
    three Gauteng sites, recruit and train opening teams, and bring delivery
    and loyalty live.
  • C — Phase 2 expansion. Build the cluster
    pipeline, draw the expansion debt tranche, and execute two build-out
    waves to eight stores.
  • D — Phase 3 scale. Add drive-thru, forecourt and
    dark-kitchen formats, run the portfolio optimisation programme, and
    prepare for exit.
  • E — Brand, people & ESG. Run continuous
    marketing, the training academy, youth-employment and supplier
    programmes, and energy-efficiency retrofits.
DEPENDENCY DISCIPLINE

The roadmap is explicitly gated: each expansion wave is contingent on
the trading performance of the prior wave, and the senior-debt expansion
tranche is drawn only once Phase 1 units are validated. This converts
the schedule from a wish-list into a risk-managed critical
path.

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Vulcan Flame Grill Holdings (Pty) Ltd.