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Superspar And Tops In Overberg For Sale

Overberg, Western Cape, South Africa
Asking Price:
R22,680,000 Furniture / Fixtures included
Sales Revenue:
R129,000,000
Cash Flow:
R3M - R8M

Highly confidential sale. Kindly complete and return the Confidentiality Agreement using PDF software and return it to our offices. All the information pertaining to this lucrative opportunity will be released to you.

This beautiful 2,600 m2 Superspar & Tops holds tremendous potential for growth and is positioned in a captive and fast-growing market in a very popular Overberg Town

Property Information

Real Estate:

Lease

Lease Terms:

Anchor tenant long term lease >40 years

Leasehold Rent:

R2,587,200 per annum

Location:

Located in a very busy Shopping Centre in a popular town of Overberg

Premises Details:

2,600 m2 premises

Size in square feet:
8,580
Planning Consent:

All in place

Business Operation

Expansion Potential:

The business operates at lower margins than that which is possible. It needs hands on operator who can take the business to its full potential. Superspars sell for 2.5x the Turnover and this one is set at 2.1x

Competition / Market:

There is a Ok Foods in the same Shopping Centre

Reasons for selling:

Owner wish to retire

Trading hours:

08h00 to 20h00 7 days a week and in winter they close at 19h00

Employees:
84 staff members
Years established:
24 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Standard Spar Franchise Terms

Other Information

Support & training:

Full support and training

Financing available:

Finance Houses view these transactions in very favourable light and finance should not be a problem if the criteria are met by the buyer

Furniture / Fixtures value:
R10,000,000 - included in the asking price
Inventory / Stock value:
R7,000,000
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