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Upgraded Supermarket on the Esplanade

 

PROFILE    
Description:    Rebranded by the owner in 2015 with ample room to develop a full kitchen and sublet it. The supermarket itself is nicely stocked but more lines could be added. A Lotto machine is popular and a cash dispensing machine draws passing trade. Stock purchases are done on a COD basis which keeps cash to a minimum. A POS system has been installed but needs activation. Price excludes stock of approximately R200 000. Present owner relocating.
Industry / Sector:   
LOCATION    
State / Province:    KwaZulu-Natal RSA
City / Town:    Durban
Location / Area:    Esplanade
Portability:    Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
PRICE    
Asking Price:    R 550 000
Conditions:    Cash deal required.
Price excludes stock of ħR200 000
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 400 000 per month
Profit:    R 25 000 per month
Annual Return:    55 % per annum
No. of Staff:    6
Year Established:    2015
Legal Persona:    - unknown or withheld -
Other Information:     
  STAFFING  
Five operating staff and one security person.

  LIFESTYLE ISSUES  
Working hours are 7 am to 8 pm - 7 days a week.
 

 

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Record ID: 2728
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