SUPERMAKET, BOTTLE STORE & PROPERTY
SUPERB BUSINESS OPORTUNITY
Profitable Business and Property available for immediate Sale!
R3,000,000.00 Negotiable
Located in Kwa Zulu Natal on the South Coast
PROPERTY Land – 463sqm Building – 348sqm
Excellent purchase for the investor, local business owners wishing to secure a profitable business or expand their current business portfolio or a buyer looking for an outstanding coastal business option. Perfect retirement opportunity
EXECUTIVE SUMMARY
KWA ZULU NATAL SOUTHERN COAST – approx 120kms from Durban
This business was purchased by the owners 15 years ago. It was at the time an established smaller business which had been operating for 20 years. The business is a neighborhood landmark and serves as the local business where residents purchase their day to day items.
In 2012 the owners saw an opportunity to combine the successful supermarket with a liquor store. The decision proved highly successful and was also welcomed in the area as locals did not have to travel long distances to purchase liquor.
The liquor licence will be transferred into the new owners name.
New lithium mining operations have opened in a nearby area and have already and will continue to result in a large amount of additional business for this operation.
There is no similar type of business and therefore no competition within a radius of about 7 kilometers. The result is that this business has a regular daily customer base. It is well stocked and has the convenience of being the local 'down the road’ store for immediate supplies of foods, liquor, fresh fruit and vegetables, tobacco products, local newspapers and magazines. It also sells second hand books. The business runs a successful take away. The business sells Lotto, airtime and pre paid electricity.
THE OWNERS ARE NOW ELDERLY AND WISHING TO RETIRE.
THE BUSINESS
The business comprises of a mini supermarket, take away and liquor outlet. It is located in a popular residential area and enjoys support from locals, holiday makers, fisherman – the business stocks an essential range of fishing equipment - and a huge trade from nearby rural homesteads and inland farming community.
The business does a booming trade during holiday season – which is virtually year round in KZN due 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 also involved with the 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.
FINANCIAL NOTATIONS
ASKING PRICE - Business & Property R3,000,000.00 excluding stock
Land Size 463 sqm building 348 sqm
Funding can be arranged
Income statement / Balance Sheet items - Financials available for 28 February 2024
Average Monthly Turnover R195,500.00
Movable Assets R180,000.00
Assets included in the sale comprises items such as Security system, CCTV, fridges, shelving & racking, cool room, grillers etc. There are no assets that are financially encumbered.
STAFF
Number of employees 4
Hours of Operation Monday – Saturday 6.30 am to 6.30 pm
Sunday – 8.00 am to 5.00 pm
BUSINESSES OPPORTUNITIES & CONCLUSION
A new owner could look forward to increasing profits by bringing in further products ranges. They could also place seating outside in the gardens at the back and have a sit down arrangement.
An option is also to run weekly specials which could be advertised in the local papers or social media.
The liquor store would also benefit from regular advertising as well as having tastings for customers on a regular basis.
The business would suit a buyer who has a desire to put some fresh business ideas into this well established business. The current owners who are elderly with one being ill have unfortunately lost the willingness to enhance profits and just wish to retire as soon as possible.
This business would also be a very good buy for an investor – either within the local area or from outside the area. The store is very well established and can run without an owner being on hand at all times, obviously correct controls need to be implemented such as the possibility of appointing a manager.
