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Pick N Pay Store In Northern Suburbs For Sale

Northern suburbs, Western Cape, South Africa
Asking Price:
R23,760,000 Furniture / Fixtures included
Sales Revenue:
R107,000,000
Cash Flow:
R3M - R8M

Highly confidential sale. Kindly complete and return the Confidentiality Agreement using PDF software and return it to our offices. All the information pertaining to this lucrative opportunity will be released to you.

This 2,000 m2 flagship PnP store came into the market and is offered exclusively by us to prospective buyers

If you wish to receive more information pertaining to this opportunity, then kindly complete the Confidentiality undertaking and return it to us via email or give us a call.

Property Information

Real Estate:

Lease

Lease Terms:

Long term lease as anchor tenant

Leasehold Rent:

R2,100,000 per annum

Location:

Located in busy upmarket shopping center

Premises Details:

Housed under 2,000 m2 of roof space

Size in square feet:
30,000
Planning Consent:

Yes

Business Operation

Expansion Potential:

The business can still be grown with appropriate marketing and promotion

Competition / Market:

Yes there is competition but business has its own captive market

Reasons for selling:

Personal Reasons

Trading hours:

06h00 to 21h00 seven days a week

Employees:
Normal Staff Compliment
Years established:
20 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Pick n Pay's franchise fee is 1.25% of gross actual turnover.

Other Information

Support & training:

Full support from a franchised operation

Financing available:

An upfront payment of at least 30% is required. Banks view these businesses very favorably and will finance them

Furniture / Fixtures value:
R13,000,000 - included in the asking price
Inventory / Stock value:
R5,000,000
Related Documents: