Franchised Supermarket Krugersdorp West For Sale

Business description

This franchised supermarket is well established in the Krugersdorp area, as the present owner has operated this business in the same location for 52 years. The business has undergone various changes over the years, and been revamped a few times, as well as moving from one franchise group to another. It is patronised mostly by the lower income group, and 80% of the sales are cash, with 20% being credit cards.The shop is well stocked and very well run, owing to the owner's wealth of experience. An added opportunity is that the seller owns the building as well, and is prepared to discuss the sale of the building, to be discussed as a separate deal. Don't miss this chance of owning your own supermarket, and being your own landlord!!!

Property information

Real Estate:

Lease

Location:

Corner shop on main road, with its own parking.The whole property including the parking area is approximately 2500m2.
The seller also owns the property. Although the property is not included in the sale, the owner would be willing to discuss selling the property as well if the buyer is interested.

Business Operation

Reasons for selling:

The owner now in his seventies, wishes to retire.

Trading hours:

7am - 8pm, 7 days aweek.

Employees:

There are 26 employees, and the owner works full time in the business, as well.

Years established:

The business was established in 1960

Other information

Support & training:

The franchisor will supply all necessary training, and must approve the buyer before any purchase can take place.

Furniture / Fixtures value:

R4,000,000 (included in the asking price)

Inventory / Stock value:

R2,500,000