Buy a Profitable Supermarket for Sale in Gauteng, South Africa business opportunity for ZAR R6,000,000.00. Buy a business

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Profitable Supermarket for Sale Business For Sale
ZAR R6,000,000.00
Listing ID: 2797 | Our Ref: Unspecified | Agent: 240

Marketed by: Mbangxa Business Brokers
Rating: Agents Rating
Business & Financial Summary
Description:
This business was established in 2003. The present owner bought it in 2009 as the going concern. He worked at this business as a manager from its inception until he took it over in 2009. It is located in a shopping centre along a very busy highway. It services a massive residential area and this is evidenced by its annual turnover. When the seller bought the business in 2009 it generated R26 Million turnover and last year it increased to R36 Million. 
Asking Price:
ZAR R6,000,000.00 
Our Ref:
Unspecified
Terms of Sale:
Unspecified 
Revenue (Income):
ZAR R36,846,006.00 
Net Profit (Cash Flow):
ZAR R1,649,496.00  
Time Established:
7 years  
No. of Employees:
44 
Expansion Potential:
The business can be expanded into a wholesale. 
Competition/Market:
It is the only supermarket available in the shopping centre. The nearest suparmakert is about 500 metres away and it does not pose any threat to this business. 
Trading Hours:
11 hours 
Reason for Sale:
The owner has other business interests 
Support & Training:
The buyer will be trained on day to day running of the business and this will be part of the handover process which is estimated to take one month. 
Owner Financing:
No 
Business Assets
Value of Fixtures/Fittings:
ZAR R2,800,000.00 
Value of Stock/Inventory:
ZAR R1,000,000.00 
Other Assets:
Folklift to the value of R100000 
Real Estate Info
Property Type:
Leasehold 
Lease Terms:
The lease expires in 2014 
Leasehold Rent:
R95418 monthly rental 
Location:
It is located in a residential area along a very busy highway in Lenasia South 
Premises Details:
The business is located in a shopping centre.  
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