Profitable Supermarket On The West Rand – R1,6m.

Profitable Supermarket On The West Rand – R1,6m.
West Rand, Gauteng , South Africa
R1,600,000
TypeSupermarket

This non – franchised  family owned supermarket also has busy take away and bakery sections under the same roof and within the same unit.

Business has been trading for over 52 years!

Zero formal competitors trading within the immediate area!

Operates 7-days per week

Total staff: 11.

Store and all departments are run by 2 managers and a team of 9 other staff.

About 65-70% of total business is generated by the take away / bakery departments meaning higher profit margins

Servicing industrial, residential and commercial trade in the immediate area

Located on a busy public transport route.

Equipment Estimated Value: R700 000

Current Turnover: +/- R560 000 per month on average plus additional strong airtime and lotto sales & profit

Stock Value: +/- R350 000 (Not Included in sale price. To be valued and paid for at cost + VAT over and above the asking price at take over time)

Net Profits + Owner takings monthly average: +/- R78 000

Asking Price: R1 600 000 (inclusive of all assets)

Current owner spends no more than 30% of the working week on site

Selling after 16 years under same owner because of other business commitments.

Further info will only be provided upon signing an NDA and Proof of Funds.