Spar Franchised Food Supermarket For Sale

Business description

Fully describe the business's activities? General franchise food supermarket
Present Market
How does the business operate on a daily basis? Supplies food and general products to customers who mainly drive to the store
How are the clients attracted to the business? By the well respected store brand, easy access and friendly atmosphere
What Advertising/Marketing is carried out? Franchisor does marketing and local pomotions
Financial
Is the business VAT Registered? Yes, business is vat registered
What VAT documentation is on file.? Yes, vat documents are on file
How could the profitability of the business be improved? By a new owner applying himself to reinventing the business process to identify new opportunities
Is Seller finance available and for what amount? No seller finance is available
Staffing
Do any have management potential? Their are already 2 managers in place
How involved is the Owner in running the business? Supervises the daily operation
Premises
Is a copy of the lease available? Yes, copy of the lease will be made available
Assets
Is a full asset list on file? Full asset list is on file
S.W.O.T. Analysis
Strengths? Well established brand
Weaknesses? Complacency by the current management
Opportunities? A new buyer will be more constructive in forward planning
Threats? Very little competition in the area
Reason For Sale
What is the reason for the sale? The seller needs to concentrate more on his import business
Conclusion
Why is this a good business? Good profit history
What is the price plus stock and the net profit? Priced at R6 200 000 with an average monthly net profit of R150 878


For further information and the financial breakdown, drop us an email. -->

Property information

Location:

North Western suburb of Johannesburg

Premises details:

In Strip Mall

Other information

Expansion potential:

A new owner willl bgring in fresh promotional ideas

Competition / Market:

This store is the most convenientlly situated in the area

Reasons for selling:

The current owner has an import business that needs more of his time

Inventory / Stock value:

R1,000,000