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Steady Net Profits again ! (closed off 2019 Management Accounts)
Butchery (manager run so little involvement required) that covers meat processing, cold storage & a retail store, in the North of Durban. Has operated for 19 yrs with managers in charge of 3 divisions & owner merely controls the strings. Turnovers of R48m pa, lead to Net Profits above R2.6m pa, while the Sale Price is an excellent R5.3m excl stock of R1m.
Processing & Cold Storage : Plant & machinery, consisting of cold storage rooms, metal tables, saws, meat extruders, knives, 2 delivery trucks - Cost R3.7m depreciated to zero, but worth some R690 000.
Butcheries : Display fridges, racks, tills & counters, security systems - Cost R1.8m, depreciated to zero, but worth some R300 000.
Lease
Processing & Cold Storage : 1040m2 @ R73 000 pm @ excl vat.
Butchery : 175m2 @ R79 000 pm excl vat.
8% escalation - 3 yr leases
R1,825,000 per annum
Northern Suburb of Durban, KZN, South Africa
In shopping malls:
Processing & Cold Storage : 1040m2 @ R73 000 pm @ excl vat.
Butchery : 175m2 @ R79 000 pm excl vat.
8% escalation - 3 yr leases
Health dept inspections
Push to supply restaurants, hotels, etc.
Advertise the butchery in local papers and create a website (perhaps with recipes etc)
Retiring
Processing & Cold Storage : 6 days: 8-17h00
Butchery : 7 days: 8 -18h00
Managers and staff operate the business but seller will assist with financial side
n/a
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