Detailed financials available on request
It is strategically located on a main road in the Eastern Cape. The business is very well established and it makes consistent profits. There is ample parking and the stores are well presented and the systems are modern and efficient. Friendly and efficient service and quality, fresh produce is a key element to the success of these stores. All assets are in good working condition and are being well maintained on a regular basis. A purchaser will be buying into an established franchise with a great reputation, operational plans, guidelines, training, and support. Therefore very little retail experience is required. The listing price is R4,050,000 (excluding stock of R1,800,000 at cost and VAT) and the annual Profit before tax, R1,110,370. A purchaser could rent the premises from the seller or alternatively purchase the entire real estate for R7,300,000 (extent of approximately 1440 m2). The total price for the Spar, Tops liquor store, Hardware store and the commercial real estate is R11,790,000 (excluding stock). All information provided is subject to verification by interested buyers and financial information will only be disclosed to serious buyers. A detailed information memorandum is available to pre-qualified buyers only. For more information, kindly contact the listing broker.