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LocationSouth Africa, Gauteng

Sector - Retail

Asking Price
R1,200,000
Monthly Profit
R 46,683
Asset Value
R 650,000
Stock Value
R 300,000
Yearly Net Profit
R 560,200

Summary

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?

2015

What are the trading hours?

6-11 Mon - Fri
7-11 Sat & Sun

Strengths?

Very well located, convenience to many, managers in place, known brand, good margins, able to leverage off franchisor

Weaknesses?

Trading for last year under new branding

Opportunities?

To continue to market the store to late revellers etc

Threats?

Business has own niche

What is the reason for the sale?

Seller has other business interests

Location

Contact | Enquire

Erich

Erich Haupt

LocationSouth Africa, Gauteng

Preferred method of contact

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