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Spar And Tops In West Coast For Sale

West Coast, Western Cape, South Africa
Asking Price:
R8,750,000
Sales Revenue:
R42,800,000
Cash Flow:
R2,040,000

Executive summary
At SPAR they continuously strive to achieve the highest standards of quality in all areas, from their warm and dedicated service to all their products. With the objective of consistently meeting the individual needs of every customer in a caring and homely environment, from their warm and dedicated service to all their products.
A wide variety of groceries, butchery, baked products, fresh produce, wine, deli and a number of other products form part of their product range.
A culture of caring
SPAR is a part of the community and community is like family. They strive to give you the highest quality produce, the freshest meats, and granny-approved baked goods, all at the right price, every day.
Corporate
Their 6 distribution centres, servicing over 850 stores, allow them to offer their communities exactly what they need at just the right price.
From their fresh produce to their meat and baked goods, they constantly strive to source the best quality products at affordable prices. After all, you’re a part of our SPAR family and family deserve the best.

History
n the 1960’s with the emergence of grocery chains in South Africa, a group made up of 8 wholesalers were given exclusive rights to the SPAR name and brand in 1963 and serviced 500 small retailers.
Over time and through many mergers and takeovers, today the SPAR Group Ltd operates 6 distribution centres and 1 Build it distribution centre, supplying goods and services to over 1 000 SPAR stores across Southern Africa.
Our Values & Culture
There’s something different about shopping at SPAR, that’s because they created a culture of caring and community to ensure their customers have a consistently enjoyable shopping experience in a uniquely friendly and family orientated store. Nothing means more to them than their valued customers and they believe in going the extra mile to give them the best. From sourcing the finest products to providing willing and efficient staff who take a personal interest in our customers’ needs.
Their Promise
While striving to give their customers an enjoyable and memorable shopping experience, they also offer more than 1000 exclusive SPAR Brand products, available at stores nationwide.
Using only the best and freshest ingredients, they make premium quality products at very competitive prices. To ensure they keep ahead of brand standards, they have their products tested by an independent laboratory on a monthly basis. Because they are so sure of their quality, they offer customers a ‘Double Your Money Back Quality Guarantee’ on all their SPAR Brand products, including fresh produce purchased from them.
Their goal is to provide their customers with unwavering quality of the highest standards, complemented by excellent and personalised service in a warm and inviting, community environment.

1. Personal information of applicant
Organogram available upon request.

2. Business description
SPAR & TOPS has been operating for more than 10 years.

Operating Hours
Monday to Sunday: 08h00 - 20h00

TOPS has extended hours approval to trade Saturdays pm and Sundays (Before Covid)

3. Market analysis
SPAR & TOPS have a very strong regular client base. Obviously the bulk of their support base is the local residents and businesses in the surrounding area and weekenders.


Marketing is done via:
• SMS
• Media
• Facebook
• Spar Guild Leafdroplet

3.1 Location
SPAR is excellently located. It has been operating from the same premises since the start. It in a highly visible situated close to all businesses in the area. Ample parking is available.

4. Market and sales activities
4.1 Expansion possibilities
• Deliveries
• Pharmacy
• Coffee Shop
• Tops has lots of potential

4.2 Advertising
• Competitions
• Weekly specials from Spar
• Advertising from Spar head office
• They advertise specials on boards


4.3 SWOT Analysis

Strengths
1. The business is highly visible
2. Very well trained personnel who are able to work in various departments.
3. Well connected with suppliers
4. Widespread clientele
5. Proven product lines are being stocked.
6. Well established Strong Salads / Deli / Hot Foods divisions.
7. Excellent hand-over to be expected.

Weaknesses
1. Current flow of departments will be addressed with the upgrading of the store.

Opportunities
1. Extend with Chemist
2. Coffee Shop growing in sales on a monthly basis
3. Do Deliveries

Threats
1. Current economical climate

4. Product and services
Their product range includes general groceries available at a supermarket and Coffee Shop from December 2020.

5. Operations

5.1 Premises
Their rent is currently at R38 000 which excludes VAT, service levies, security, rates, taxes and water

5.2 Furniture, fixtures & fittings
They currently have Sigma POS system in place
The store is well equipped and additional infrastructure has been installed during the past few years.
An extensive camera and security system are in operation and effective.
The accounting and administration are fully computerised.


5.3 Personnel
The business is Manager Run.
Owner duties include the following:
• Admin
• Accounting
• Financials
• General management

6. Accounting

6.1 General
Day to day general admin will be prepared by owners in conjunction with MD Accounting services who will assist the new owner with monthly accounting services and tax requirements.

6.2 Sales
All the sales are cash or credit card with no debtors.

6.3 Purchases and Suppliers
They stay in close contact with Spar regarding

Property Information

Real Estate:

Lease

Leasehold Rent:

R456,000 per annum

Location:

West Coast

Business Operation

Reasons for selling:

Have two stores

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