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Convenience Store In Gardens Cape Town For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R2,650,000 Furniture / Fixtures included
Sales Revenue:
R8,650,000
Cash Flow:
R800,000

Grocer/Convenience Store. Established over 25 years. Up-Market Area on the edge of the Cape Town CBD. Surrounded by Restaurants, Pubs and Tourist Establishments in a High Density Business & Residential Area. Off Consumption Liquor License for Wine. Take Away Kitchen equipped with Ovens for Fresh Bakes. Established Business with Substantial proportion of customers are professionals, double-income households & Immigrants in the highest income category. Growth Potential. Brilliant Location with Captive Market & no Opportunity for New Direct Competitors. Located on an extremely busy main access road. The POS system, CCTV, Look & Feel, etc. have been replaced & kitchen, shelving, etc. upgraded during the past year. Current owner benefit +R800 000 pa. New owners can capitalize on these improvements to exploit the growth opportunities this business presents.

Signing of a Transworld confidentiality agreement will be required before information can be disclosed.

If interested, please contact us by filling the form given below.

Property Information

Real Estate:

Lease

Lease Terms:

Premises secured for 8 years - lease valid till 2023 with option to renew for 5 years. Very competitive rates for the area. Landlord approval of buyers will be a condition of sale.

Location:

Facing a very busy main access road to the Cape Town CBD. Surrounded by trendy up-market high density mixed used residential and business area of Gardens, Cape Town.

Premises Details:

223 sqm GLA. Consists of an outside area, kitchen, office, store & staff bathrooms.

Size in square feet:
Around 223 m2
Planning Consent:

Conceptualisation an provisional drawings/sketches was made for expansion of the retail area. this will be made available to serious prospects.

Business Operation

Expansion Potential:

Definite opportunities to grow and exploit the past year's upgrade and renovation of systems and physical infrastructure.

Competition / Market:

Nothing in immediate vicinity. Closest competitor is about 300m away. There are national and independent competitors in the greater area. This landmark business has been trading from the same spot for around 15 years and in the immediate area for 25.

Reasons for selling:

The seller is involved in other ventures demanding incremental time and focus from him.

Trading hours:

7:00 - 23:00 Sun - Thur.
7:00 - 24:00 Fri - Sat

Employees:
8
Years established:
25

Other Information

Support & training:

Daily support and training for 2 weeks offered at no cost. Thereafter, for another 2 weeks at no cost, seller will be on standby to assist buyers on prior schedule or appointment. +4 weeks after hand-over, consulting possible at rates to cover costs. TBC

Furniture / Fixtures value:
R920,000 - included in the asking price
Inventory / Stock value:
R550,000

Contact Information

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