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Established Biltong Shops In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R580,000 Furniture / Fixtures included
Sales Revenue:
R3,052,000
Cash Flow:
R335,000

SOLD by ALDES Cliff Bell & transferred Apr 2024

Annual turnover is some R3m pa (Loyverse POS System), producing a Net Profit of R335 000 pa. The Selling Price for both shops is R580 000, while the stock required for both shops will be R90 000.
The 2 Biltong Shops (15yrs) are in Durban South Shopping Mall. This is an easy - easy to manage business with good cashflow !
The 6 rotating staff open/close/operate the business each day, while the owner comes in to deliver stock & tally-up takings, about twice a week.

Property Information

Real Estate:

Lease

Premises Details:

Two shops in a very busy South Shopping Mall.
The two leases (25m2 & 20m2) expire in Feb 2027, but may be renewed on a 3 yearly basis, with an annual escalation rate of 7%,
The total rental paid for both shops is some R44 000 pm, while the utilities, marketing, mall contributions amount to some R11 000 pm & covered separately within this Financial Report (both excl VAT).
R160 000 rental/utility deposit is required for both stores combined & returned at the end of the lease/sale.
Trading hours are Monday to Sunday 9:00 to 19:00, with one store operating until 21:00

Business Operation

Reasons for selling:

owner resides outside of Durban & is tired of the travelling

Employees:
6 rotating
Years established:
15

Other Information

Furniture / Fixtures value:
R45,000 - included in the asking price