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PROFILE |
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Description: |
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Rebranded by the owner in 2015 with ample room to develop a full kitchen and sublet it. The supermarket itself is nicely stocked but more lines could be added. A Lotto machine is popular and a cash dispensing machine draws passing trade. Stock purchases are done on a COD basis which keeps cash to a minimum. A POS system has been installed but needs activation. Price excludes stock of approximately R200 000. Present owner relocating. |
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Industry / Sector: |
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Food - Retail |
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LOCATION |
| State / Province: |
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KwaZulu-Natal RSA |
| City / Town: |
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Durban |
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Location / Area: |
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Esplanade |
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Portability: |
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Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
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PRICE |
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Asking Price: |
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R 550 000 |
| Conditions: |
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Cash deal required.
Price excludes stock of ħR200 000 |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 400 000 per month
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| Profit: |
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R 25 000 per month
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| Annual Return: |
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55
% per annum
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| No. of Staff: |
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6 |
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Year Established: |
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2015 |
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Legal Persona: |
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- unknown or withheld - |
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Other Information: |
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STAFFING
Five operating staff and one security person.
LIFESTYLE ISSUES
Working hours are 7 am to 8 pm - 7 days a week.
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