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Supermarket In Northern Suburbs For Sale

Northern suburbs, Western Cape
Asking Price:
R990,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R6,600,000
Cash Flow:
R700,000

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.

Present Market:
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.

Property Information

Real Estate:

Lease

Lease Terms:

a new 5 year lease will need to be signed

Leasehold Rent:

282 000 per annum

Living Accommodation:

The supervisor and his partner live at the premises

Location:

Northern Suburbs

Premises Details:

Lease has expired. The landlord would like to renew with the new owner.

Size in square feet:
+/- 500sqm
Planning Consent:

required from landlord

Business Operation

Competition / Market:

very little if any

Reasons for selling:

The seller is from Bangladesh and will be moving back home. This business has no financials.

Current turnover:
Convenience goods +/- R350 000 pm
Airtime: +/- R150 000 pm
Lotto: +/- R40 000 pm

the price includes stock and assets.

Trading hours:

Mon - Sat: 7am - 9pm
Sundays & Public Holidays: 8am, - 9pm

Employees:
3
Years established:
18

Other Information

Support & training:

Owner will hand over. The current supervisor will stay with the business.

Furniture / Fixtures value:
R100,000 - included in the asking price
Inventory / Stock value:
R200,000 - included in the asking price
Related Documents:

Contact Information

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