Unique opportunity to purchase a feasible established market in the Cape Town Metropolitan area
1302
Ref. No - BFS00270
South Africa, Western CapeRef. No - BFS00270
Sector - Sales & Services
Summary
Very rare opportunity to become the owner of this vibrant market who encompasses all the elements of a market that visitors expect namely live entertainment, art, crafts, jewellery, fashion and most importantly various food offerings made fresh in the presence of visitors
The success of this market is entrenched in catering for various visitors namely the local residents (community focused), weekend visitors to the historic town, and national/international visitors throughout the year
Kids are not left out of the product offerings and have various creative options available to keep them busy
The market has a high traffic presence with unbeatable prices on products without compromising quality
The market, a member of the Cape Town Tourism, is the gathering spot for various target visitors groups and has a unique heartbeat, typical of this town but ultimately the Western Cape
The owners have built this market up through years and have a success recipe here, where a new buyer just walks into a key operation business and continues on the winning streak
Give me more informationHow long has the business been established?
More information can be supplied to interested buyers
Is the business VAT Registered?
Yes the business is VAT registered
Annual average turnover R7,9 million
COS average 23%
GP average 77%
NP (EBITDA) average including add backs R1,1 million
3 Selling price
R4,4 million excluding stock ( an asset and average stock list can be supplied to interested buyers)
When does the current lease end?
Full information will be supplied to interested buyers
Do you require a licence?
All the required licences are in place and valid
What is the reason for the sale?
Different shareholders and each has got other business interests
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