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Busy Franchised Supermarket with Bakery and Butchery - Owner retiring

 

PROFILE    
Description:    Business started 30 years ago and has been with current owner for 9 years. It has grown substantially and now carries a large range of items. A bakery offers bread, rolls and cakes for local consumption. A small butchery serves the public with a wide range of meats and various cuts. Airtime sales and Lotto attract new clients. The selling price does not include stock which is estimated at ħR500,000
Industry / Sector:    Food - Retail
LOCATION    
State / Province:    KwaZulu-Natal RSA
City / Town:    Durban
Location / Area:    Glenmore
Portability:    Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
PRICE    
Asking Price:    R 2 300 000
Conditions:    Plus stock at ħR500k
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 700 000 per month
Profit:    R 80 000 per month
Annual Return:    42 % per annum
No. of Staff:    12
Year Established:    9
Legal Persona:    - unknown or withheld -
Other Information:   

 

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Record ID: 2729
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