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Thriving Fruit & Veg Market In Newcastle For Sale

newcastle, KwaZulu - Natal, South Africa
Asking Price:
R20,000,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R75,000,000
Cash Flow:
R400,000

Location: Newcastle, South Africa

Asking Price: R20 Million

Business Highlights:

Established Name: Fruit and Veg Market is a leading supplier of fresh produce in Newcastle, renowned for its reliability, fresh stock daily, exceptional quality, and last but not least, great service.
Impressive Turnover: Generates an annual turnover of R75 million, showcasing consistent financial performance.
Dual Revenue Streams: Successfully serves both wholesale clients and retail customers, maximizing revenue opportunities.
Strategic Partnerships: Strong, long-term contracts with major conglomerates like SPAR and boutique accommodation providers (B&Bs).
Logistics Strength: Operates with a fully owned fleet of delivery vehicles, ensuring efficient supply chain and competitive logistics as well as timely delivery of veg.
What Sets Us Apart?

Established Customer Base: Loyal clientele and long-standing wholesale partnerships, successfully servicing housewives, hawkers, dealers, wholesalers, and corporate chains.
Operational Excellence: Streamlined processes and experienced staff for smooth business operations.
Growth Potential: Expand into e-commerce, open additional retail outlets, or explore export opportunities.
Sale Includes:

Fully operational fleet of delivery vehicles.
Extensive supplier and client databases.
Skilled and well-trained staff.
Opportunities for Expansion:

Broaden retail presence in surrounding areas.
Launch an online sales platform with delivery services.
Scale wholesale operations by leveraging existing relationships.
Reason for Sale:

Owner retiring after years of successful operations.

Price: R20 Million
Take advantage of this rare opportunity to own a thriving and established business with unlimited growth potential.

Property Information

Real Estate:

Lease

Lease Terms:

R50000 a month, with a yearly renewal on the lease

Leasehold Rent:

R600,000 per annum

Living Accommodation:

none

Location:

Situated in a busy, easy-access point in Newcastle, ensuring high foot traffic and seamless connections to suppliers and major clients.

Premises Details:

Size: The business operates from a 2000m² facility under roof, offering ample space for storage, retail, and operations.
Parking: An additional 2000m² of parking space is available, providing convenience for customers and efficient logistics for wholesale operations.
Location Advantage: Strategically situated for easy access to suppliers and customers alike.

Size in square feet:
4,000

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Fruit and Veg Market offers phenomenal growth opportunities for a visionary owner. With a well-established foundation, the business is primed for expansion into untapped markets such as online sales, home delivery services, and export operations. There is also significant potential to open additional retail outlets in high-traffic areas, expand product offerings, and strengthen relationships with more chain groups and independent retailers. The possibilities are vast, ensuring remarkable returns for future investments.

Competition / Market:

Fruit and Veg Market operates in a unique position within the Northern Natal region, serving a diverse clientele ranging from local housewives to major chain groups like SPAR. With our primary focus on wholesale, we face no direct competition in the area. Our ability to cater to both small-scale and large-scale customers with high-quality produce, efficient logistics, and long-standing relationships sets us apart as the go-to supplier in the region. This exclusive market dominance ensures consistent growth and profitability

Reasons for selling:

The current owner of Fruit and Veg Market is seeking to retire after successfully building and managing the business for many years. This decision presents a unique opportunity for a new owner to step into a thriving, well-established operation with immense growth potential.

Trading hours:

Fruit and Veg Market operates with customer convenience in mind, offering extended hours throughout the week. Our business hours are:

Monday to Friday: 6:00 AM – 5:00 PM
Saturday: 6:00 AM – 1:00 PM
Sunday: 8:00 AM – 12:00 PM

Employees:
70
Years established:
25

Other Information

Support & training:

To ensure a smooth transition, Fruit and Veg Market offers comprehensive support and training to the prospective owner. This includes:

A detailed handover of operational processes and supplier/client relationships.
Training on logistics management and wholesale operations.
Guidance on maintaining partnerships with major chain groups and retailers.
Ongoing support during the initial takeover period to address any questions or challenges.
This hands-on approach guarantees the new owner is equipped to continue the business’s success seamlessly. furthermore the current owner will provide the new owner with 6 months free training, to ensure a comprehensive overview of the business.

Furniture / Fixtures value:
R200,000 - included in the asking price
Inventory / Stock value:
R450,000 - included in the asking price