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Popular Bottle Store, Mini-supermarket + Property In Port Shepstone Area For Sale

Hibberdene District, KwaZulu - Natal, South Africa
Asking Price:
R3,500,000
Sales Revenue:
R1.5M - R3M
Cash Flow:
Not applicable

The business comprises a mini supermarket, a takeaway, and liquor outlet.

It is located in a popular residential area and enjoys support from locals, holidaymakers, fishermen, and good trade from nearby rural homesteads and inland farming communities.

The business does a booming trade during holiday seasons – which is virtually year-round in KZN due to its mild climate. There are upmarket holiday establishments along the beachfront from which the supermarket is about 500 meters away.

The supermarket is popular with the elderly people in the area and nearby areas as they do not necessarily want to travel into the ‘town’ to purchase their daily food and liquor essentials. The business is fortunate to have a captive market and regular customers ensure good profits seven days a week.

The supermarket sells all related supermarket products as well as tobacco products, fishing paraphernalia, second-hand books, national, and local newspapers, and magazines as well as airtime, lotto, and pay-as-you-go - electricity.

It also has a takeaway menu which is popular with locals and tourists alike. Fresh products such as bread and fruit and vegetables are delivered daily

The bottle store is fully stocked with a range of quality items.

Property Information

Living Accommodation:

N/A

Location:

The business is located in the Kwa Zulu Natal South Coast Hibberdene area. The business is located in safe area in a pretty street with sea views and has many passers by. The business is involved with the area’s local crime watch and dispense free hot and cold drinks to security personnel which enhance the safety of shop, its staff and owners. It is also good for the surrounding area as well because it is being frequently patrolled. Generally though, the area is safe and has a low crime level.

Premises Details:

N/A

Size in square feet:
463 sqm
Planning Consent:

Planning consent to be reached with local planning council.

Business Operation

Expansion Potential:

There is extensive potential for expansion and redesign of facilities

Competition / Market:

There is no competition at all within a radius of about 7 kilometers.

Reasons for selling:

The Owners are wishing to retire.

Trading hours:

Hours of Operation - Monday – Saturday 6.30 am to 6.30 pm
Sunday – 8.00 am to 5.00 pm

Employees:
5 Employees
Years established:
22 years

Other Information

Support & training:

The Owners will be on hand to provide support and training for new owners for a period of time.

Financing available:

Yes - Funding can be arranged

Furniture / Fixtures value:
R180,000
Inventory / Stock value:
R130,000
Related Documents: