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Profitable Kwikspar & Tops In Affluent N-subs For Sale

Northern suburbs, Western Cape, South Africa
Asking Price:
R10,165,000 Furniture / Fixtures included
Sales Revenue:
R60,400,000
Cash Flow:
R2,194,414

This beautiful Kwikspar & Tops is located in an affluent residential area of the Northern Suburbs of Cape Town

The business is a part of the community and they are like family where the business strive to give clients the highest quality produce, the freshest meats, and granny-approved baked goods, all at the right price, every day.

Please complete NDA for more information

Property Information

Real Estate:

Lease

Lease Terms:

New lease will be agreed upon on terms and conditions acceptable to buyer

Leasehold Rent:

R1,860,000 per annum

Location:

Northern Suburbs, Cape Town

Premises Details:

Trading 500 m2 with total 800 m2

Size in square feet:
800 m2
Planning Consent:

Full Planning Consent
Owner holds the head lease with landlord not Spar

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Delivery service has just started
There is another 58 m2 shop next door where the Pizza or Tops could be expanded to

Competition / Market:

Located in residential shopping center. Little competition

Reasons for selling:

Personal. Will be divulged to a serious buyer

Trading hours:

KWIKSPAR: Mon-Fri: 07h00-20h30; Saturday: 07h00-20h30; Sunday: 07h00-20h30; Public Holidays: 07h00-20h30; Note: Open from 07h00-14h00 on Christmas Day

Employees:
Standard Staff Compliment
Years established:
20 plys

Other Information

Support & training:

Full backup and support will be provided

Financing available:

Buyer should have between 50-60% of the purchase price available in unencumbered funds

Furniture / Fixtures value:
R8,000,000 - included in the asking price
Inventory / Stock value:
R3,000,000
Related Documents: