Suburban Superette In Empangeni For Sale

Business description

Situated in the middle of a well established residential suburb. This shop stocks all the daily household requirements such as bread milk and newspapers. Minerals, magazines, general groceries and cigarettes are big sellers. The addition of a little bakery for fresh bread and confectionary would improve GP,s and make this an even more profitable business for the entrepreneur who is prepared to work hard.

Property information

Real Estate:

Lease

Lease terms:

New lease has been entered into with five years to go and an option for a further five years

Leasehold rent:

R190 000 per annum

Location:

Very Good exposure on the corner of a busy intersection in a suburban area with good access.

Premises details:

A dedicated supermarket site. The premises are about 280m2 of trading area.

Size in square feet:

280m2

Other information

Expansion potential:

The is potential to add a confectionery bakery.

Planning consent:

General commercial

Competition / Market:

This is a convenience store in a suburban area. There is no other opposition.

Reasons for selling:

The owner wishes to focus on other business interests

Trading hours:

07hr00 to 16hr00, 7 days a week.

Furniture / Fixtures value:

R341,000 (included in the asking price)

Inventory / Stock value:

R250,000 (included in the asking price)