Verified Listing
Posted on March 25, 2019 / 257
Price : R12,300,000
Listing Type : Supermarket
Location : Limpopo
Ref. No : 2535
Year Established : 10 years +
No. of Employees : 15
Trading Hours : 7am - 9pm
Turnover : R 1 001 666
Net Profit : R 75 000
Asset Value : R 300 000
Stock Value : R 450 000

This business is situated on the corner of two very busy streets travelled by motorists and pedestrians going to and back from work on a daily basis. The store is very visible from both roads due to its standalone visibility and clearly identifiable signage. The store has recently been expanded to include a bigger bakery and the selling of water.

The new owner will have first option to buy the property as well as to expand the store by occupying the adjacent store ( currently a liquor store). The new owner has the option to re-brand the existing sore via a pre-approved loan (repayable over five years) from a very well know chain store. The re-branding is projected to increase sales by 20% per year. The selling price includes the property valued at R 7,800,000.00

* Gorman Cloete – LP Polokwane