This National Supermarket and Liquor Store Franchise has been established in the East Rand for 30 years and is the anchor store in a busy Strip Mall which is also owned by the by the seller. The seller wishes to sell the Business and the Property together as a packaged Deal. This is not negotiable! The Business, being both the Liquor store and Supermarket together, must be owned and run buy the same owner. The Mall is conveniently located and very well established in the area, and the Franchisor/Head Office has already conducted a feasibility study of the business and has approved the long term viability of this site as being excellent!! The business has gained the reputation of being one of the best run stores in the Group, mainly because of their well controlled stock and proper hands-on approach, as well their brilliant customer service. Although the business has been established for 30 years, this is still an exceptional opportunity for a hands-on entrepreneur to take over this already well entrenched business and continue to grow both shops to the next level. Remembering of course there is the added incentive that the person running the supermarket will also be the Landlord, and there is already a steady income coming in from all the other Shops in the building. The other shops in the mall are the likes of a Chinese Takeaway, a Pub & Restaurant, Post Office, Laundromat, a Cell Phone & Electronics outlet, as well as an Estate Agency, to name a few, with of course plenty of secure parking. The supermarket and liquor store are being sold together for R15m, and the building has been valued at R15m as well. Both the supermarket & liquor store are in good condition, and no revamp is required. Having said that, the strip mall is also in first-rate condition, and the owner handles the running of the mall herself, with the help of her managers.
All in all a brilliant buy for R30m, which includes the supermarket, liquor store as well as the property. When all is said and done, this is a premium purchase with a very good ROI!!
- Asking Price:
- R30,000,000 Furniture / Fixtures included
- Sales Revenue:
- On request
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Real Property Included
- Location:
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Very well locate in the East Rand area, and established 30 years with the seller owning the property as well, which must be sold together with the business.
- Premises Details:
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A supermarket and liquor store that has been well maintained and not in need of a revamp, including a shopping centre that is also in top condition.
Business Operation
- Reasons for selling:
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After 30 years in the business the owner wishes to retire.
- Trading hours:
-
The business is open from 7am to 8-30pm 7 days a week.
- Years established:
- The Supermarket and Liquor store have been established for 30 years.
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
All support and training will be supervised by the Franchisor, and the owners will stay on for a period to be negotiated, to suit the prospective purchaser.
- Furniture / Fixtures value:
- R5,500,000 - included in the asking price
- Inventory / Stock value:
- R5,000,000