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SOLD by ALDES July 2018
The price is R3.1 million plus stock of between R 800,000 and R 1 million depending on the time of year.The Net Profit for the last 12 months was just over R 1.3 Million.
A national Franchised food and liquor branded store, prominently positioned with excellent, sustainable profitability.
The Spar and Tops brands are well known nationally. The business is situated in a very prominent and easily accessible location and has been there as a Kwikspar for ten years. No cash is kept on the premises. All cash is dropped into an electronic underground safe and at that stage the risk and liability is passed onto the Security Company that collects the cash.
R440,000 per annum
A stand-alone store on a major route in a central Durban suburb
400m2 @ R36 536pm, with 7.5% escalation pa, and lease can be extended for 5 yr periods
Only health adherence and liquor distribution licence - in place
Seller needs to focus on other businesses
The stores operate seven days a week.The convenience store from 6am - 10pm.The Tops Bottle Store according to liquor trading hours.
Seller will assist in all regards - with Spar backing
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