Established Supermarket In Pretoria For Sale

5031

This long established and profitable supermarket in the Western Suburbs of Pretoria is on the market for a new owner. The current owner who has owned and run the supermarket for the past 40 + years want's to retire. The supermarket consists of a bakery, butchery ,fruit and veg and a small take away section. It is well stocked and caters for the daily requirements of it's clientelle offering a 'bit of everything' to them. The business is priced at R 1.9 Million including stock which is conservatively estimated to be around R 600k. The monthly turnover ranges between R650k to R700k leaving a nett figure after expenses of around R 65 - R70k + and there is ample room for improving the business - 'new blood' is required to 'sharpen things a bit'. This is definately a good buy !! The owner is prepared to part finance the sale by offering a 50% of the purchase price over a 40 month period, to an approved buyer. The rental is based at R 20 000,00 + Vat per month which is very fair and a good lease is not a problem.

Facilities:

The business is 'old school' and requires a 'ridy up' of the systems used. It has enormous potential to become a major playe in the area if converted to a franchise store - however, it is performing quite well and is solid.

Competition:

Minimal in the area

Growth Potential:

Excellent

Training/Support:

Owner will provide training

Seller Financing:

Seller prepared to part finance the sale to approved buyer.

Sale Reason:

Owner tired - has been operating the business for around 42 years