Sector - Retail
Independently owned superette in Sandton that serves surrounding residential and business parks. Large gym in centre attracts clients as well. late trade is the differentiator. Small staff with manager. Good margins.Give me more information
Fully describe the business's activities?
A well know convenience store brand which is owned by 1 of the largest chains in Africa. Opens early closes late and services the surrounding offices and residential suburbs. positioned in centre.
Business rebranded under new franchisor in last 12 months
How does the business operate on a daily basis?
Opens early & closes late. there are 2 managers in the business
What Advertising/Marketing is carried out?
Well signed, franchise is well known.
What competition exists?
The business meets the needs of those who require early and late service. It also services the appropriate lsm market.
How could the profitability of the business be improved?
Business needs to time to mature. On site owner will always be better.
How involved is the Owner in running the business?
Owner has number of other stores so is involved from head Office perspective.
When does the current lease end?
What are the trading hours?
6-11 Mon - Fri
7-11 Sat & Sun
Very well located, convenience to many, managers in place, known brand, good margins, able to leverage off franchisor
Trading for last year under new branding
To continue to market the store to late revellers etc
Business has own niche
What is the reason for the sale?
Seller has other business interests
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