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Once-in-a-lifetime Opportunity: Thriving Karoo General Dealer Store In Merweville For Sale

Merweville, Western Cape, South Africa
Asking Price:
R4,950,000 Furniture / Fixtures included
Sales Revenue:
R8M - R15M
Cash Flow:
R500K - R1.5M

This is a rare opportunity to acquire a very profitable general dealer in the heart of the Karoo. This business offers you a unique lifestyle in the quaint town, Merweville - situated between Prince Albert, Laingsburg and Fraserburg.

We are selling the business, as well as the property as an ongoing concern. The building is around 480m2 (trading area around 167m2 - but it can be extended) and the erf around 3763m2. Stock is excluded in the asking price - it usually ranges around R800k.

All the equipment is included in the asking price (a full list is available upon request). The latest financial statements are also available to view for serious buyers.

- POS: Arch Retail Systems
- Currently a buying partner of OK Foods - we get weekly deliveries from them.

Includes:
- +-5m2 Built in cold room
- Evaporative cooler
- Aircon in office
- 12 x solar panels
- Fox ESS 10.5kW inverter
- 3 x Fox ESS 4.03kWh batteries
- Toyota Hilux 2.5 delivery vehicle
- Alarm system
- Security cameras
- and much more.

We are only selling because we are getting older and it is time to retire.

Feel free to contact me for more information.

Property Information

Real Estate:

Real Property Included

Location:

The shop is located on the corner of Hugenoot Street and Dominee Pienaar Street - you pass the shop when you enter town from Sutherland’s side. It is also situated next to Die Boekklub Coffeeshop.

Premises Details:

The building still has an old world charm about it and is a typical Karoo general dealer shop style. The building is around 480m2 and the current trading area around 167m2.

Size in square feet:
480m2 (Trading area +- 167m2)

Business Operation

Expansion Potential:

There is a large part of the building that we only use for storage - this can be rented out, the shop can be expanded or you can apply for a liquor license for that area.

Competition / Market:

There is only one other formal shop in town and then a few informal shops.

Reasons for selling:

Retirement

Trading hours:

Mon - Thu: 08:00 - 12:15; 14:00 - 18:00
Fri: 08:00 - 12:30; 14:00 - 19:00
Sat: 08:00 - 13:00; 16:00 - 18:00
Sun: 09:00 - 12:00; 16:00 - 18:00

Employees:
7
Years established:
66 years

Other Information

Furniture / Fixtures value:
R1,000,000 - included in the asking price
Inventory / Stock value:
R800,000