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Kwikspar And Tops Bottle Store In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R3,100,000 Furniture / Fixtures included
Sales Revenue:
R19,400,000
Cash Flow:
R1,300,000

SOLD by ALDES July 2018

The price is R3.1 million plus stock of between R 800,000 and R 1 million depending on the time of year.The Net Profit for the last 12 months was just over R 1.3 Million.

A national Franchised food and liquor branded store, prominently positioned with excellent, sustainable profitability.

The Spar and Tops brands are well known nationally. The business is situated in a very prominent and easily accessible location and has been there as a Kwikspar for ten years. No cash is kept on the premises. All cash is dropped into an electronic underground safe and at that stage the risk and liability is passed onto the Security Company that collects the cash.

Property Information

Real Estate:

Lease

Leasehold Rent:

R440,000 per annum

Location:

A stand-alone store on a major route in a central Durban suburb

Premises Details:

400m2 @ R36 536pm, with 7.5% escalation pa, and lease can be extended for 5 yr periods

Size in square feet:
400m2
Planning Consent:

Only health adherence and liquor distribution licence - in place

Business Operation

Reasons for selling:

Seller needs to focus on other businesses

Trading hours:

The stores operate seven days a week.The convenience store from 6am - 10pm.The Tops Bottle Store according to liquor trading hours.

Employees:
19 incl 2 managers
Years established:
10 yrs

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Seller will assist in all regards - with Spar backing

Furniture / Fixtures value:
R3,200,000 - included in the asking price
Inventory / Stock value:
R880,000