BUSINESS DESCRIPTION
Situated in a sought after shopping mall attracting thousands of shoppers daily, this exceptionally neat bottle store is located close to one of the entrances/exits directly opposite lots of open parking.
The business services the requirements of the typical retail consumer but also attracts many company business owners in the shopping mall. Although there are many restaurants in the mall, this outlet works on low margins and all business is on a strictly cash basis.
The shop has belonged to the Seller for almost three-years but the business itself has existed since this shopping Mall opened.
Average monthly sales are R323 730 with monthly expenses of R62 640.
The GP is exceptionally good and nett profits are +/- R60 505 pm
The net profit versus the asking price presents a return on investment of 44%.
The owner has two liquor stores in close proximity and wishes to sell the one and move down to the coast.
The outdoor signage of the shop can also be improved for greater visibility.
A new owner may wish to increase the sales and profits by selling to the many restaurants in the shopping mall notwithstanding a lower profit margin.
The price includes stock of +/- R475k.
Kindly contact the mandating broker for further information.