Thriving Chain of Retail Butchery Stores For Sale

Business description

This successful, well established business comprises seven thriving retail butchery outlets in 6 Eastern Cape towns.

Each operation is fully autonomous and well equipped. Meat products are imported and distributed to each outlet, where bulk
storage, cutting & packaging takes place.

Each operation is competently managed, and the entire operation is run by a senior General Manager who will stay on after the business is sold. The business boasts low staff turnover at senior levels, and most Branch Managers have in excess of 5 years service with the group.

Expansion potential is huge, and the possibility exists to grow the business significantly by opening outlets in other centres, all within 250kms of the main operation. Franchising possibilities are also very real, and branding is well established and consistent throughout the group at present.

The business averages 28% gross profit on sales of R70-million p.a, and the asking price excludes 1 company owned property valued at R1,500,000 to R2,000,000.

Property information

Real Estate:

Real Property Included

Location:

Each operation in excellently located in a prime retail environment, central to its target demographic.

Premises details:

1 Premisis is owned by the business, the rest of the premises are leased.

Other information

Expansion potential:

Real franchising potential exists. All branding is uniform, and all systems, procedures and supply chain issues are fully developed and well controlled. Much ground work has been done into a possible franchising model.

Support & training:

Proper handover offered as part of the sale. Senior General Manager will be staying on after the sale. All Store Managers will remain in place, and so transition should be smooth.

Reasons for selling:

Owner emigrating

Trading hours:

Mondays to Saturdays, retail trading hours.

Furniture / Fixtures value:

R3,500,000 (included in the asking price)