Two Well Established Liquor Stores In Northam For Sale

Business description

These two well established liqour stores in a booming country town located in the town of Northam, Limpopo province 90 minutes from Pretoria, are for sale. The stores have recently been converted into franchise stores and business is booming. The stores are in close proximity to each other and are being sold as a package by the same owner. Low rental and overheads makes these two stores a very profitable buy. The asking price is R 4.2 Million PLus stock of approx. R 2.8 Million. The stores presently work on an average G.P of between 15 - 18 % allowing for a healthy profit. The businesses are ideal for a partnership or two families. The businesess have the franchise rights for the entire town and have the opportunity to expand into wholesaling under the franchisor's banner which will increase the nett worth of the business. Only serious buyers will be considered.

Property information

Real Estate:

Lease

Lease terms:

Good leases available. Rentals per store around R 20 k each per month which is very fair considering the location and size of the stores.

Location:

The businesses are located in a town called Northam in the province of Limpopo.

Premises details:

The two stores are well laid out. The one store has the capacity to be converted into a wholsesaler as it has the space and also a forklift to facilitate loading and offloading.

Size in square feet:

800 sq.m / 400 sq.m

Planning consent:

Liquour liscences in place

Business Operation

Expansion potential:

Excellent potential to expand into a 're-distributor' store where the discounts and 'kick backs' from suppliers is far better. This will allow the store to become a supplier to other stores around the region and become the preferred supplier. Due to its geographical location, the store is well placed to service the surrounding area. There is also a huge growth in ice sale, both in cubes and blocks ( for the shebeens ) in the area. Ice sales alone account for good profit margins.

Competition / Market:

The stores main competitor was a branded outlet but since joining the franchise, the stores are able to compete ( and beat ) the competitor allowing the stores to show exceptional growth.

Trading hours:

Mon to Fri : 09h00 - 19h00
Sat : 09h00 - 18h00
Sun: closed

Franchise terms

Franchise opportunity:

Yes

Franchise terms will be discussed. Very fair and very beneficial.

Other information

Support & training:

The seller will provide training as required.

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