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Five Retail Shops In Port Elizabeth For Sale

Port Elizabeth, Eastern Cape, South Africa
Asking Price:
R3,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R500,000
Cash Flow:
Available on request

Building has five shops. Restaurant, Water Shop, Coffee Shop, Clothing Shop and General Store:
Shop no. 1 is a water shop with a high-tech reverse osmosis system. It also contains a self-contained coffee shop. The shop also has a high yield borehole for carting water sales. Shop 2 is a clothing store with 3 x industrial sewing machines . Shop 3. is a general store and Shop 4 is a restaurant that comes with equipment (mixers, ovens, fryers, stoves). The sale is also includes 3 brand new motorbikes. All shops come with points of sale, running stock where applicable and customer references

Property Information

Real Estate:

Real Property Included

Location:

Westbourne Road, Port Elizabeth

Premises Details:

Building is L - Shaped

Planning Consent:

Property is Zoned for Business

Business Operation

Expansion Potential:

The owner is leaving the Country but would have expanded by buying the other half of the building due to increased interest and demand in particular for the restaurant, water and fruit and vegetables business

Competition / Market:

Nearest competitor is KFC and Picasso for the restaurant and Splash Water for water sales. There is no immediate competition for the coffee shop or the type of food sold eg vegetables in the general store

Reasons for selling:

Leaving the Country

Trading hours:

8 am to 6 pm or late depending on demand

Employees:
7
Years established:
2019

Other Information

Support & training:

Seller will provide basic training for use of points of sale, reverse osmosis machines, coffee machines and restaurant equipment

Furniture / Fixtures value:
R1,100,000 - included in the asking price
Inventory / Stock value:
R350,000 - included in the asking price