Situated at Randburg Suburb, this Spar franchise supermarket stands as a beacon of retail excellence and convenience. Established in 1998, this supermarket is part of a recognized franchise, ensuring a trusted brand name and a loyal customer base. It offers an expansive shopping space and an exhaustive range of products, catering to the diverse needs of its patrons.
Business Overview:
- A Decade of Success: With its establishment in 1998, this supermarket boasts over a decade of serving the community and building its brand.
- Turnover: The monthly turnover of R 6,000,000 is a testament to its dominance in the retail market.
- Strong Employee Base: The dedicated team of 41 employees ensures that the store runs efficiently and provides exceptional customer service.
- Franchise Benefits: Being part of a well-known franchise, the new owner will inherit the benefits of a renowned brand name, support, and training.
Profitability and Financial Insights:
- Value in Assets: Movable assets valued at R 3,000,000 have been meticulously maintained to ensure seamless operations.
- Impressive Stock Value: The store’s inventory is valued at R 3,000,000, showcasing its commitment to offering a wide variety of products.
- Detailed Financials: While net profit and payroll expenses are labeled as POA (Price on Application), the given numbers reflect a profitable venture.
Premises and Location:
- Prime Location: Situated in Randburg suburb, the store benefits from high footfall and the affluent neighborhood.
- Extensive Shopping Space: With a sprawling 2000 m^2 space, shoppers have ample room to navigate and shop at ease.
- Flexible Lease Terms: A long-term lease option, ranging from 10 to 20 years, assures the new owner of stability and longevity in the business.
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With its brand recognition, established customer base, and prime location, this Spar franchise supermarket in Randburg offers a lucrative opportunity for investors looking for a stable and profitable venture. Given the reputation and the scale of operations, this is a golden chance to own and operate a retail behemoth in one of the most sought-after areas in the region. Don’t let this chance slip away! Dive into the world of retail and reap the benefits of a successful enterprise.
