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Unique Convenience Store For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R2,802,375
Sales Revenue:
R8,644,821
Cash Flow:
R1,046,364

This is a rather unique convenience store/small grocer in a trendy, up-market area of Cape Town,
Surrounded by restaurants, Pubs and Tourist Establishments.

Off Consumption Liquor License For Wine. Established Business with Loyal Customer Base.

Brilliant location with the captive market and no opportunity for new competitors to establish in the area. The business was established +25 years ago.

Has only changed hands once - to the current seller. Upgrades and renovations recently completed.
Facing an extremely busy main road. Located among other businesses in a high density residential and tourist area.

There are national retailers in the bigger area. Growth opportunities include an expansion of takeaway offering; fresh bakes, coffee offering, and seating area increase presence on on-line delivery platforms, courier drop-off/collection point, MyCity sales, enclose stoep area, and incorporate into trade area, amongst others.

Asking price excludes stock of ±R550,000 and VAT.

Business Operation

Reasons for selling:

Owner wants to pursue other interests in property development

Trading hours:

Mon to Sun: 08:00 - 23:00

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