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Butchery In Sterkspruit For Sale

Sterkspruit, Eastern Cape, South Africa
Asking Price:
R1.5M - R3M Furniture / Fixtures included
Sales Revenue:
R8M - R15M
Cash Flow:
R500K - R1.5M

Established butchery for sale in Sterkspruit in the Eastern Cape, with an annual turnover of +/-R11.5m. Established in 2011 and current owners bought from the original owner in 2021.

Fully equipped butcher shop with a cold room, fridges, display counters, all equipment with redundancy, 2 POS pay points, etc.

Strong monthly turnover, very profitable and good margins, growing year on year:

5 year Lease Agreement in place (now in year 3) a new Agreement to be discussed with the Landlord.

Trained Manager, Blockmen and staff available to stay on;

Good location with high foot traffic in area, near shops, taxi rank and very busy street.

Regular customers include local schools (weekly-/monthly sales), societies, local businesses and others.

Agreement with established suppliers including nationals;

Room to grow in own braai area, bulk orders and delivery.

Reason for sale is that the seller wants to retire.

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease with 6% escalation

Leasehold Rent:

35 000.00 per annum

Living Accommodation:

Owner and Manager houses for sale

Location:

Prime location on main artery road

Premises Details:

mall

Size in square feet:
+/- 220
Planning Consent:

In place

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Huge potential to sign more local schools, expand Cheza Nyama options

Competition / Market:

Other retailers

Reasons for selling:

Owners want to retire

Trading hours:

Monday to Friday: 08:30 to 18:00
Saturday: 08:00 to17:00
Sunday and PPH: 08:30 to 14:00

Employees:
11
Years established:
15 years

Other Information

Support & training:

Support from other butcheries in group association

Furniture / Fixtures value:
R1,000,000 - included in the asking price
Inventory / Stock value:
R100,000