Two Jeffreys Bay Liquor Stores And Sports Bars For Sale

Business description

Neat, professional and well located businesses for sale in Jeffrey’s Bay. There are two liquor stores for sale and two sport bars for sale. In the main building, the Liquor store and Sports bar share the premises and it is this building that is included in the sale. The second liquor Store and sports bar is situated a short distance away and are also sharing a building. This second building is however leased.

The main store has been operating for about 30 years and has been with the current owner for about 10 years. The second store has been operating for about 3 years with its sports bar being newly opened.

Well established, well known and profitable this business offers a fantastic opportunity for any business person looking for a sound return on their investment.

Property information

Real Estate:

Real Property Included

Location:

The First store and sports Bar is located along one of the main roads of Jeffreys bay. The second liquor Store and sports bar is situated a short distance away from the first one

Premises details:

The Main store is about 600m2 and the property on which it stands is 1100m2. The first sports bar is part of the main building. The second store is +-250m2 and its sports bar is +-300m2. The Main premises are owned while the second is leased on a 5 year renewable contract. Landlord approval will be required for the second store.

Size in square feet:

1100m2

Business Operation

Expansion potential:

Future prospects include the further development of its existing customer base, the expansion into other areas, wholesale trading and the further development of the sports bars.

Competition / Market:

There are other stores in the town and do provide an element of competition. The business’s longevity and name have ensured the business remains one of the leading liquor operations in town. This business is one of the few that have actual shown and increase in turnover during the current economic conditions

Reasons for selling:

Relocation

Trading hours:

Bottle stores
Monday to Sat: 09h00 to 19h00
Sunday: 09h00 to 13h00

Sports Bars
Mon to Thus (16h00 to 20h00(
Fri: (13h00 to 22h00)
Sat: (11h00 to 22h00)
Sun: (13h00 to 19h00)

Employees:

6 x permanent staff members and 2 x casuals

Years established:

The main store has been operating for about 30 years and the second store for about 3 years

Other information

Support & training:

Full training and support will be provided

Furniture / Fixtures value:

R2,800,000 (included in the asking price)

Inventory / Stock value:

R450,000