Video Rental Outlet In Sought After Shopping Complex For Sale

Business description

Situated in a busy shopping complex with Pick n Pay and Woolworths as anchor tenants and lots of drive by traffic in an upmarket suburb of Cape Town's Northern Suburbs. The shop has been in this area for more than 10 years and since 2006 in this shopping complex. Other business interests prevents me to give my full attention to the business and continue to grow the business to its full potential. Lots of opportunities to grow the business.

Property information

Real Estate:

Lease

Lease terms:

Lease expires in November 2012 with an option to renew.

Leasehold rent:

R13,200 per annum

Living accommodation:

N/A

Location:

In the middle of various suburbs with a huge client base located in a sought after shopping complex with a good anchor tenant with a main street passing by with lots of drive by traffic.

Premises details:

Huge Shopping Complex with Pick 'n Pay as the anchor tenant.

Size in square feet:

Plus minus 95 square meters.

Planning consent:

N/A

Business Operation

Expansion potential:

Lots of opportunities. Will discuss with serious buyers.

Competition / Market:

There will always be competition in any business. Nothing that will immediately adversely affect this business though.

Reasons for selling:

The Business is non-core and my other business interests are keeping me to busy to give my full attention to the business that it deserves.

Trading hours:

Sunday to Thursday 09h00 to 21h00 and Friday & Saturday 09h00 to 21h30 365 days a year.

Employees:

5

Years established:

More than 10 years.

Franchise terms

Franchise opportunity:

Yes

New owner will have to be approved by the Franchisor.

Other information

Support & training:

Full training will be provided by the current owner. Further support from the Franchisor is also available.

Financing available:

New owner must source his own financing.

Furniture / Fixtures value:

R110,000 (included in the asking price)

Inventory / Stock value:

R150,000 (included in the asking price)

Relocatable:

This business can be relocated.