Ref. No - BFS00180
South Africa, Eastern CapeRef. No - BFS00180
Sector - Retail
Summary
Give me more informationFully describe the business's activities?
Excellent long-standing, successful pet store that has been trading for 20+ years.
Well presented premises with modern fittings and appealing colourful decor.
The business benefits from being situated in a highly visible,easily and accessible retail area and is surrounded by major national retailers.
The business is ready for immediate take over, perfect for someone looking for an immediate income. All systems and great staff in place for a smooth transition.
The business has an established, local and loyal customer base offering a great opportunity that combines stability,visibility and flexibility.
Join the fastest growing retail industry .
How long has the business been established?
20+
Is the business VAT Registered?
YES
How many employees?
5
Give a breakdown of staff/ functions?
1X MANAGER
2X SALES STAFF
1X GENERAL WORKER
1X PACKER
How involved is the Owner in running the business?
The business owner does administrative work - 3 days a week
When does the current lease end?
June 2027
Is there an option of renewal & what period?
YES - 5 YEARS
What is the annual escalation %?
6%
What is the square meters of the business?
140
Is a copy of the lease available?
YES
Do you require a licence?
NO
What lease deposit and/or other surety is required?
R40K LEASE DEPOSIT
What are the main assets of the business?
Shopfitting
POS
Camera system/alarm
Signage
What is the reason for the sale?
Retirement
Why is this a good business?
The pet industry is the fastest growing sector in the economy.
Great ROI / 53%
Fantastic location
Great city to live in.
Stable & imediate income
Great & knowledgeable staff
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