Supermarket Bakery Butchery In Durban For Sale

Business description

Supermarket on North Coast of Durban, including butcher, bakery, take away, deli, and (H.R.M.) home replacement meals. This is the main food store/supermarket in this area. It therefore enjoys a 100% monopoly. The business supplies a wide range of goods including hamburger & chips, fresh meat & pastries, household groceries and even plastic bucket and spades for holiday makers! With a nett profit of R 80 000 per month and high asset value this business is excellent value for money.

The business has existed for 15 years. All sales are cash or credit card.

This business has a monoply in the area, and has excellent opportunity to expand. Good visibility, management staff with long service and well supported by both local community and holiday makers.

Property information

Real Estate:

Lease

Lease terms:

Current lease ends midnight 31/05/2012, with a further 36 months at the same escalation rate of 8%.

Leasehold rent:

R424,000 per annum

Location:

North Coast of Durban, KZN, SA.

Premises details:

The business occupies 533 sq. m of normal supermarket premises in a stand-alone building, which at most could do with a lick-of-paint.

Size in square feet:

533 sq. m

Planning consent:

A wine & food license is on hand.

Business Operation

Expansion potential:

Opportunity to open a bottle store. The liquor license has already been approved and premises next door to the shop have been allocated by the same landlord.

Competition / Market:

Another supermarket is situated in a shopping mall approx. 5 km's away

Reasons for selling:

Owner is buying an unrelated business.

Trading hours:

Mon. - Thur. 07.00 - 20.30, Fri. /Sat. 07.00 - 21.00. Sun. 07.30 - 20.30. Or at owner's discretion.

Employees:

1 manageress - 5 years, 1 assistant floor manager, 1baker & 1butcher 5 years, 5 cashiers, 2 merchandisers, 2 bakery assistants & 5 take away counter hands. Misc cleaners

Years established:

1997

Other information

Support & training:

Owner will train buyer and introduce to service providers; otherwise staff fully-trained.

Furniture / Fixtures value:

R1,095,148 (included in the asking price)

Inventory / Stock value:

R350,000 (included in the asking price)