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Superspar And Tops Number 1 Town In Overberg For Sale

Overberg, Western Cape, South Africa
Asking Price:
R22,500,000 Furniture / Fixtures included
Sales Revenue:
R100M - R500M
Cash Flow:
R3M - R8M

Well known For Saleand Tops available in coastal town of the Western Cape.

Located in busy shopping centre that is central with ample parking available.

The industrial area is situated in close proximity which increase sales over lunch time and passing by trade. Other shops include - Pep, OK, Coffee Shop, Buco, Pharmacy, Laundy, etc

Shopping of all LSM groups in the area with loads of potential at the butchery, bakery, fruit and veg and Deli.

Property Information

Real Estate:

Lease

Lease Terms:

Their rent is currently at R320 000 which excludes VAT, service levies, security, rates, taxes and water for a trading area of 2 500m². An unlimited open agreement is in place with no rental payable for the storage space. Spar head office holds the lease for 10 years with the option to renew for 5 years and another 5 years.

Leasehold Rent:

R3,840,000 per annum

Location:

Central location with ample free parking available.

Premises Details:

Their rent is currently at R320 000 which excludes VAT, service levies, security, rates, taxes and water for a trading area of 2 500m². An unlimited open agreement is in place with no rental payable for the storage space. Spar head office holds the lease for 10 years with the option to renew for 5 years and another 5 years.

Size in square feet:
2500 m2

Business Operation

Expansion Potential:

• Deliveries
• Pharmacy
• Coffee Shop
• Be actively involved with the community via the schools, church and police
• More focus on butchery and bakery
• Owners to be involve on daily basis

Competition / Market:

OK Supermarket situated in the same shopping centre.

Reasons for selling:

Owner would like to retire

Trading hours:

Monday to Sunday: 08h00 - 20h00

Public Holidays: 08h00 - 20h00

Note: Christmas Day (Close)
TOPS has extended hours approval to trade Saturdays pm and

Employees:
To be discussed Total monthly remunerations R 565 000 Please find attached. Owner duties include the following: • General management • Admin • Financials • Accounting
Years established:
More that 20 years

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

To be provided from Spar head office and the Sellers

Furniture / Fixtures value:
R16,700,000 - included in the asking price
Inventory / Stock value:
R4,500,000