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Franchised Food Supermarket For Sale

Far East rand, Gauteng
Asking Price:
R9,900,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R43,567,000
Cash Flow:
R3,120,000

With present owner for 32 years and was there for a previous 8 years
In a Far East rand town with an lower LSM consumer base.
The business is easily run with 34 staff members
With average monthly sales of R3,643,000 (exc..vat.) and a low rental the business is highly profitable
The business is owner run and supervision is needed to keep the daily records up to date and to attend to the timeous reordering of stock.

Property information

Real Estate:

Lease

Lease Terms:

To be settled between the buyer and the landlord and a lease obtained

Leasehold Rent:

R763,200 per annum

Location:

Far East rand

Premises Details:

Rented property in main road

Business Operation

Expansion Potential:

A new buyer will bring in new energy and promote more sales

Competition / Market:

As in all areas the usual other stores

Reasons for selling:

Owner is retiring and will spend much time overseas

Trading hours:

Monday to Saturday 07:00 to 19:00
Sunday 07:00 to 14:00

Employees:
Thirty three

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Standard from a major Franchisor

Other Information

Support & training:

A new buyer will need to attend a Franchise training course and further guidance will be obtained in store

Financing available:

Based on the figures some financing is possible

Furniture / Fixtures value:
R7,000,000 - included in the asking price
Inventory / Stock value:
R4,500,000 - included in the asking price
Related Documents:

Contact Broker

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