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Well-positioned Liquor Retail Business In Cape Town For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R4,950,000 Furniture / Fixtures included
Turnover:
R9,450,000
Net Profit:
R1,100,000

Midmar presents an excellent opportunity to acquire a well-established liquor retail business with a trading history dating back to 1999, a prominent commercial location and an experienced team of long-serving employees. The business is largely management-driven, with limited owner involvement, providing a purchaser with the opportunity to acquire an established operation supported by a stable and experienced team.

With existing retail, online and wholesale operations in place, the business provides a solid platform for continued growth. In particular, there is clear potential to expand the wholesale customer base and further develop the delivery and online sales channels. For a purchaser seeking an established business with a strong operational foundation and identifiable venues for growth, Midmar represents an attractive opportunity.

Property Information

Real Estate:

Lease

Leasehold Rent:

R415,000 per annum

Location:

Operating from a prominent position along a main road.

Business Operation

Management type:
This business has absentee ownership.
Reasons for selling:

Owner is looking to focus on other businesses.

Trading hours:

Mon-Fri 9am– 8pm ; Sunday 11am-6pm

Employees:
5
Years established:
In business for over 27 years.

Other Information

Support & training:

To be provided.

Inventory / Stock value:
R1,500,000