This National Supermarket and Liquor Store Franchise has been established in the South of Johannesburg for over 30 years and is the anchor store in a busy Strip Mall. The Business, being both the KwikSpar and Tops together, must be owned and run buy the same owner. The Mall is conveniently located and very well established in the area, and the Franchisor/Head Office has already conducted a feasibility study of the business and has approved the long term viability of this site as being excellent!! The business has gained the reputation of being one of the best run stores in the Group, mainly because of their well controlled stock and proper hands-on approach, as well as their brilliant customer service.
Although the business has been established for over 30 years, it is still an exceptional opportunity for a hands-on entrepreneur to take over this already well entrenched business and continue to grow both shops to the next level, because, as I have already pointed out, the Head Office's Feasibility Study was extremely positive indeed. The supermarket and liquor store are being sold together for R6.5m, which price is slightly negotiable! Both the supermarket & liquor store are in good condition, and no revamp is required. The business is well stocked with all the usual Supermarket and bottle store fare, and is being sold at the aforementioned market related price of R6.5m, plus Stock of approximately R5m.
The Sellers own the Property as well and would be willing to sell it, should a potential buyer wish to purchase it as well.
When all is said and done, after 30 years this business is extremely well known in the area, well patronised, and will make for a very good ROI!!
- Asking Price:
- R6,500,000 Furniture / Fixtures included
- Sales Revenue:
- On request
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Location:
-
Very well located South of Johannesburg, and established over 30 years.
- Premises Details:
-
Both the KwikSpar and Tops have been well maintained and are not in need of a revamp.
Business Operation
- Reasons for selling:
-
After 30 years in the business the owner wishes to retire.
- Trading hours:
-
The business is open from 7am to 8-30pm 7 days a week.
- Years established:
- The Supermarket and Liquor store have been established for over 30 years.
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
All support and training will be supervised by Head Office, and the owners will stay on for a period to be negotiated, to suit the prospective purchaser.
- Furniture / Fixtures value:
- R4,500,000 - included in the asking price
- Inventory / Stock value:
- R5,000,000
