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History and Background:
When Established: the shop used to be a 7/11 which started in about 2001.
How long with the present owners: The shop was taken over as a family business in February 2016 – but has been in the family for 9 years.
Growth experienced: The business has been reduced over the years from a R600 000 turnover to a R400 000 turnover in order to reduce overstocking and for cash flow reasons.
Marketing & Advertising: No advertising done. Foot traffic creates some good walk in business as it is situated close to Kuilsrivier train station.
Seasonal Trends: there is no particular season that generates more turnover, but the busiest days are on weekends and month end.
Contracts in Place: None
Owner / Management:
Owner Involvement: The owner (Kazi) is from Bangladesh and currently manages the business. The owner does not open and close the business, he has a supervisor, but he is involved with purchasing stock and manages the staff.
Management / Management Potential: There is management potential
Daily activities of Owner: The main function of the owner is purchasing stock and overseeing the business.
a new 5 year lease will need to be signed
282 000 per annum
The supervisor and his partner live at the premises
Lease has expired. The landlord would like to renew with the new owner.
required from landlord
very little if any
The seller is from Bangladesh and will be moving back home. This business has no financials.
Convenience goods +/- R350 000 pm
Airtime: +/- R150 000 pm
Lotto: +/- R40 000 pm
the price includes stock and assets.
Mon - Sat: 7am - 9pm
Sundays & Public Holidays: 8am, - 9pm
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