Very lucrative supermarket and liquor store in the Western Cape.

Very lucrative supermarket and liquor store in the Western Cape.

Introduction:

• This business was established in 1995 and has only been going from strength to strength.
• There is a long term lease on the property and must be renewed in 2023- a new owner can negotiate a new lease with the landlord- the existing escalation is set at 7% per annum.
• The full time staff complement is 75 excluding the owner.
• This is a well known and nationally stable franchise with excellent support from the franchisor.
• The business is mostly supported by the local community but due to its location, it is also frequently supported by tourists.
• The liquor store has only been open for three years, and is well supported by their regular clientele, – the covid has obviously influenced the turnovers of the liquor store.
• The owner is hands on in the business and has excellent client service and is well known in the community.
• Reason for selling- the owner is relocating.

Financial information:

• Annual turnover- R113,456,450.
• Gross profit- R19,860,194.
• Gross expenses- R17,346,453.
• NP (EBITDA)- R3,106,043
• Stock of +/- R3 million not included in selling price.