Unique opportunity to purchase a feasible established market in the Cape Town Metropolitan area:

Unique opportunity to purchase a feasible established market in the Cape Town Metropolitan area:

Introduction:

• Very rare opportunity to become the owner of this vibrant market who encompasses all the elements of a market that visitors expect namely live entertainment, art, crafts, jewellery, fashion and most importantly various food offerings made fresh in the presence of visitors.
• The success of this market is entrenched in catering for various visitors namely the local residents (community focused), weekend visitors to the historic town, and national/international visitors throughout the year.
• Kids are not left out of the product offerings and have various creative options available to keep them busy.
• The market has a high traffic presence with unbeatable prices on products without compromising quality.
•   The market, a member of the Cape Town Tourism, is the gathering spot for various target visitor groups and has a unique heartbeat, typical of this town but ultimately the Western Cape.
• The owners have built this market up through years and have a success recipe here, where a new buyer just walks into a key operation business and continues on the winning streak.

Finances:

• Annual average turnover R7,9 million.
• COS average 23%
• GP average 77%
• NP (EBITDA) average including add backs R1,1 million.

Selling price:

• R 4,4 million excluding stock (an asset and average stock list can be supplied to interested buyers)