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Spar And Tops In Cape Town For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R20,200,000 Furniture / Fixtures included
Sales Revenue:
R102,000,000
Cash Flow:
R3M - R8M

Spar offers a wide range of products generally offered by a Spar outlet which includes the following:

1. A wide variety of groceries, toiletries, fresh vegetables, salads & fruit.
2. The well known butchery in that area supplying high quality fresh meats
3. Bakery with freshly baked breads and confectionery.
4. Strong salads / deli / hot food division as well as cold meat & preservatives.

SPAR operates under "voluntary trading" principles which means that while they encourage retailers to take advantage of SPAR's trading power, the retailers can source goods from other local suppliers. That is the reason why each store has its own regional personality. Today the SPAR Group Ltd operates 6 distribution centres, supplies goods and services to almost 800 SPAR stores throughout South Africa. The SPAR Group is listed on the Johannesburg Stock Exchange since 2005.

Property Information

Real Estate:

Lease

Lease Terms:

10 years with an option to renew for another 10 years

Leasehold Rent:

R2,516,724 per annum

Location:

Excellent location in Cape Town with ample free parking

Size in square feet:
2,600

Business Operation

Expansion Potential:

Chemist, Coffee Shop and Deliveries

Reasons for selling:

Owner would like to retire

Trading hours:

8am to 8pm

Employees:
Manager Run
Years established:
More than 15 years

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Yes

Sigma Point of Sale system

Inventory / Stock value:
R4,000,000

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