Ref. No - BFS00250
South Africa, Western CapeRef. No - BFS00250
Sector - Retail
Summary
The northern suburbs of Cape Town is exploding, and with the airport being approved in the northern suburbs, all research show that the time to buy a business in the northern suburbs is now
The two businesses were established between 2010 and 2019 and the positioning of these two supermarkets were well researched and well positioned for easily access for the customers
The owner is full time involved and manages the two businesses with the support of well trained and loyal employees, some of which have been with the businesses from the start
The franchisor is from one of the well known successful franchisee groups in SA, with 24 hour support to their franchisees
The combination of above can only result in a success recipe- but having said that, both these supermarkets have the capacity to increase their turnovers by creative marketing and expanding their product range (ie catering for unique products that the clientele require for this area)
Both these supermarkets have liquor outlets as well
Give me more informationHow long has the business been established?
Between 2010 and 2019
Is the business VAT Registered?
Yes both the businesses are registered for VAT
Supermarket 1 Supermarket 2
Annual turnover R23 million R93 million
COS 80% 80%
GP 20% 20%
Assets R2,6 m R9,2 m
3 Selling prices
Supermarket 1 R3 million plus stock of +/- R2 million
Supermarket 2 R13,5 million plus stock of +/- R6,5 million
What are the main assets of the business?
Assets Supermarket 1 R2,6m Supermarket 2 R9,2 m
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