Property Description: FMCG giant in the Garden Route
About this Business: If you want to “print” money this could just be the opportunity you’ve been looking for. This business specialise in the supply of fresh and frozen goods direct to the public at wholesale prices. Part of a franchise family with 30 years trading history and a solid support structure and of course very strong buying power.
History: This branch has a very successful trading history exceeding 18 years in this very busy coastal town. They operate extremely profitable and successful. The location is perfect with a very loyal and regular client base.
Staff: 21 skilled staff members inclusive of Managers and Supervisors.
Scalability: This business is still extremely scalable and options for growth can be discussed with the seller.
Figures: Annual revenue around R29,3 million, delivering earnings around R1,4mil (EBIT)
Franchise: Minimal annual fee applicable
Assets and Inventory: The asset is valued at R3,527,040.00 (52% asset value!) and included in the listing price. Inventory is excluded and will be determined by stock take prior to handover. Stock value to be expected between R700k and R1m at cost ex VAT.
Reason for Selling: Retirement
Selling Price: R6,690,000.00 ex Vat
