|
Term |
Definition |
|---|---|
|
EBITDA |
Earnings before interest, tax, depreciation and amortisation |
|
MOIC |
Multiple on invested capital: exit equity value divided by equity invested |
|
IRR |
Internal rate of return on the equity cash-flow profile |
|
DSCR |
Debt-service cover ratio (used in the illustrative debt-capacity analysis) |
|
HACCP |
Hazard Analysis and Critical Control Points — food-safety management system |
|
Cloud kitchen |
Delivery-only production facility without a dine-in front of house |
|
Fine-casual |
Premium quality and experience at accessible, repeatable price points |
|
NWC |
Net working capital: inventory plus receivables less payables |
|
SAM / SOM |
Serviceable addressable / obtainable market |
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; South African corporate tax at 27% with assessed-loss carry-forward; and working capital at 5% of revenue. The base case is funded with R18 million of equity (no debt); a debt-capacity overlay is provided for the lender audience. The income statement, balance sheet and cash flow are integrated so the balance sheet ties to zero in every year, enforced by an automated assertion (maximum difference: 0.0). Returns, scenarios and the debt-capacity illustration 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.
Spice Route Kitchens (Pty) Ltd · Business Plan & Investment Prospectus · July 2026 · Private & Confidential