Ref. No - BFS11172
South Africa, Western CapeRef. No - BFS11172
Sector - Retail
Summary
The owner of this liquor store is an extraordinary entrepreneur and took this liquor store and turned it into a very profitable business with a dedicated client base which is very important in this wine area renowned for excellent wine farms.
Give me more informationBackground and History
The liquor store started in 2010 and is renowned in the town and adjacent towns as having exceptional service, also due to the fact that this store delivers liquor to adjacent towns weekly
Clever marketing is used to advertise specials in the liquor store coinciding with the season ie Easter/Xmas etc
These specials are very competitive regarding the prices offered and very well supported by the local community
Private liquor stores must be competitive to national supermarkets who advertise liquor at very low prices- but this specific liquor store present liquor prices in line with the national supermarkets
The reason for selling is that the owner wants to pursue other business opportunities- but the staff in the liquor store are all well trained and assist clients very professionally
Products and Services
All products related to a liquor store
Financials and Forecasts
Annual turnover R42,284,885
Gross profit R4,041,073 - 9,58%
NP (EBITDA)- R1,95 mill - 4,6%
Reason for Sale
Owner wants to pursue other business opportunities
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