Kwik Spar And Tops In Johannesburg Western Suburbs For Sale

Business description

This top supermarket brand speaks for itself. This particular branch is situated in a small local shopping centre in one of Johannesburgs Western Suburbs. Coupled with the Tops outlet, the business is making an average monthly net profit of R158k after Vat. It is a very well run steady business. The centre has plenty of parking, and The Spar and Tops are in two separate shops, next to each other, with a long lease and option already in place at an escalation of 10%. The business is fully paid for, and there are no HP's or any other moneys outstanding on the business.
The average turnover per month, excluding Vat is R2.4m, and has been growing year on year. The owner works in the business full time with a manager to assist him.
This is a good solid business growing year on year with an excellent future. A must for experienced operators.

Property information

Location:

Johannesburg's Western Suburbs

Business Operation

Reasons for selling:

The owner wishes to find a 5 day week business.

Other information

Support & training:

The franchisor must approve all buyers, and will supply all training and know-how.

Furniture / Fixtures value:

R5,000,000 (included in the asking price)

Inventory / Stock value:

R1,500,000