Spar Supermarket In Fourways For Sale

Business description

Spar in a shopping centre, with a pharmacy and an option to add a liquor outlet. This is the only supermarket in this up-market neighbourhood. Customers frequent this business from 7am to 7pm to buy groceries. Stock is ordered from distribution centres and delivered to the premises on a daily basis. Clients are attracted to this business because it is a well known and trusted supermarket brand and because of its convenience.

Property information

Real Estate:

Lease

Location:

In shopping centre in upmarket neighbourhood

Business Operation

Expansion potential:

By extending the trading hours, which customers are requesting, the turnover could be increased. There is already an option that has been signed to open a Tops liquor store next to the Spar.

Reasons for selling:

The owner has another Superspar and is fully tied-up in the running of that business and wishes to utlise the capital tied-up in this business

Trading hours:

7am to 7pm 7 days a week.

Employees:

44

Years established:

9 years

Franchise terms

Franchise opportunity:

Yes

The new buyer would need to be approved by Spar.

Other information

Support & training:

The current owner is happy to provide assistance in the handover phase.

Financing available:

The seller will be prepared to discuss financing of stock

Furniture / Fixtures value:

R1,700,000 (included in the asking price)

Inventory / Stock value:

R1,800,000