Supermarket Franchise In Cape Town Northern Suburbs For Sale

Business description

Operating from the same premises for over 20 years. Recently revamped, and all equipment upgraded. Experienced staff, and very loyal customer base.

Property information

Real Estate:

Lease

Lease terms:

4 years, with option to extent

Leasehold rent:

R1 300 000 per annum

Location:

In established residential area, with an extremely loyal customers base.

Premises details:

1600 Sqm of trading area, with long term lease, in small shopping centre

Business Operation

Expansion potential:

Huge potential to grow to super spar

Reasons for selling:

To peruse other business interest

Trading hours:

7 to 21h00

Employees:

68

Years established:

24 years

Other information

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

All banks will look at financing

Furniture / Fixtures value:

R4,000 (included in the asking price)

Inventory / Stock value:

R1,800,000