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Biltong Shop In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R658,000
Sales Revenue:
R1,461,000
Cash Flow:
R359,000

Sold August 2020 - by Cliff Bell Aldes

First time ever listed (March 2020) - established just under 2 yrs ago.
R658 000 Sale Price, excl stock of some R30 000, with a NP of R359 000 pa off a turnover of R1.4m.
Staff operated biltong shop which only requires owner to control finances & ordering of stock. Easy to run, as well as, sell later on - as always in demand by purchasers.
Retailer of biltong, nuts, sweets, cooldrinks etc. The staff open & close, while the owner ensures stock is delivered when required & ensures finances are managed. Hours are set by the Mall approx. 10-23h00.
There are two main routes through the Mall, ensuring a good foot-count past the store, with it's goods displayed, lighting, main sign & standing sign board attracting their interest.

Property Information

Real Estate:

Lease

Location:

Durban Entertainment Mall - on one of two main corridors within the mall

Premises Details:

11m2 at some R12 501 PM (incl all costs & the turnover clause) with an 8% escalation clause

Business Operation

Reasons for selling:

Owner reducing work load over a number of businesses

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