|
Term |
Definition |
|---|---|
|
EBITDA |
Earnings before interest, tax, depreciation and amortisation |
|
DSCR |
Debt-service cover ratio: operating cash flow divided by interest plus principal |
|
MOIC |
Multiple on invested capital: exit equity value divided by equity invested |
|
IRR |
Internal rate of return on the equity cash-flow profile |
|
HACCP |
Hazard Analysis and Critical Control Points — food-safety management system |
|
QSR |
Quick-service restaurant |
|
NWC |
Net working capital: inventory plus receivables less payables |
|
SAM / SOM |
Serviceable addressable / obtainable market |
|
Royalty |
Ongoing percentage-of-turnover fee paid by a franchisee |
Methodology and basis of preparation
This plan was prepared from the sponsor brief with headline revenue and EBITDA preserved exactly. All statements below EBITDA were independently modelled: depreciation on a component basis from the capex register; interest on a term-debt facility; South African corporate tax at 27% with assessed-loss carry-forward; and working capital at 8% of revenue. The income statement, balance sheet and cash flow are integrated so that the balance sheet ties to zero in every year, enforced by an automated assertion (maximum difference: 0.0). Returns, DSCR and scenario outcomes were computed independently. Market statistics are directional estimates from public industry sources current to mid-2026 and should be re-verified in due diligence. This document is not an offer of securities.
The Pie Foundry (Pty) Ltd · Business Plan & Investment Prospectus · July 2026 · Private & Confidential