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LocationSouth Africa, Western Cape

Sector - Retail

Asking Price
R20,000,000
Monthly Profit
R 509,113
Asset Value
R 4,000,000
Stock Value
R 18,000,000
Yearly Net Profit
R 6,109,359

Summary

Grocery and Perishable Wholesaler

Give me more information

Fully describe the business's activities?

Dry Foods, Perishable and Toiletry wholesaler operating in the greater Garden Route region.

How does the business operate on a daily basis?

A large client base who visit and purchase their own stock.
Deliveries are offered on a daily basis.
There is a fully functional on-line store in place.

What Advertising/Marketing is carried out?

Regular promotional activities and broadsheets.

How could the profitability of the business be improved?

There are various other opportunities but the Owner remains very focused on the development strategy that is in place.
Range extension with the introduction of perishables has impacted very well on the profitability.

Give a breakdown of staff/ functions/ length of service?

Approximately 10 staff have long service

How involved is the Owner in running the business?

The Owner is involved in the business on a daily basis as the General Manager, supported by a family member in the administrative function.

When does the current lease end?

The Owner will retain the premises and offer the Buyer a favourable market related lease.
There will be a solar panel levy which is much more advantageous than the metered electrical consumption.

What are the trading hours?

Monday to Friday: 08-00 am to 5-00 pm.
Saturday: 08-00 to 1pm.

What are the main assets of the business?

Fixtures and Fittings
Computer System
Point of Sale system
PABX / Telephone System
Trolleys and Pallet Jacks
Baskets

Strengths?

Long established with loyal client base
On-Line store is up and running and fully functional
Solid distribution client base
Location
Range offered
Loyalty program

Weaknesses?

Stock management always needs ongoing attention.
The Buyer should ideally have strong retail experience, be energetic with the passion and drive to ensure the ongoing profitability and success of this business.

Opportunities?

Range Extensions
Increased distribution

Threats?

There are no known threats to this business.

What is the reason for the sale?

The Owner has proven that they are capable of Owning and Managing the business very profitably and successfully with solid customer base and growth.
However he feels that the time has come to find somebody who is younger with the same drive and ambition as he has but to take over and grow the business to a higher level.
This is part of the succession plan and the Seller is prepared to oversee the transition as is required to ensure the that business is not negatively impacted by the handover process.

Location

Contact | Enquire

Noel

Noel Heath

LocationSouth Africa, Western Cape

Preferred method of contact

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