Recently established operation in eastern Johannesburg in well developed residential area.
Listed price
Amount::
8,800,000
Currency::
South African Rand (ZAR)
Down Payment
Amount::
8,800,000
Currency::
South African Rand (ZAR)
Total Annual Sales
Amount::
40,000,000
Currency::
South African Rand (ZAR)
Owner Cash Flow: Business Profits including Owners Drawings
Amount::
150,000
Currency::
South African Rand (ZAR)
Fixtures, Furniture & Equipment::
10,000,000
(included in price):
Yes
(included in price):
No
Inventory::
2,000,000
(included in price):
No
Financing / Terms:
Cash
Reason for sale:
The asking price has been discounted as the seller has other extensive business interests and wishes to divest.
Training & Support:
Training and support will be provided by both seller and Spar.
Business Description:
The supermarket was opened 1 year ago and is as good as brand new. It trades on 2 levels with the whole lower level carrying only kosher products specifically for requirements of the large local Jewish community. The upper level carries all merchandise normally available in a SuperSpar.Accessability and signage are good with adequete secure convenient parking.
Historical Summary:
The business is housed in a new shopping development in a very prominent position on a main road. It was opened over1 year ago and has been on a steady growth path during this period.
Potential for Growth:
The operation will benefit from the full time attention of an owner who can concentrate time and effort in the busines and in actively promoting the services offered.
Special Requirements for New Owner (if applicable):
It is preferable that the Buyer has retail experience.
Competition::
An older Spar supermarket has traded in the vicinity for many years. Demographic studies confirmed that the market is large and affluent and can viably support two Spar businesses.
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