Sectors / Category

Annual turnover

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  • Mandate: 33105
  • Added: 26 Jul 2019
  • 325

New Butchery and Seafood Business in Top Shopping Centre in Northern Suburbs

Gauteng, Johannesburg
325
Mandate 33105
Added 26 Jul 2019
R 1,800,000* ZAR
Stock: R 100,000
Assets: R 1,700,000
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

New Butchery and Seafood Centre, just opened in top N/S Shopping Centre

SELLING PRICE
R 1,800,000* ZAR
Stock: R100,000
Assets: R1,700,000
Summary

New Butchery and Seafood Centre, just opened in top N/S Shopping Centre

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Fully describe the business's activities?
This newly established butchery and seafood business has just been established in the Northern Suburbs in Johannesburg. The business offers a range of fresh meat and seafood. This business can be highly profitable to a new owner with a huge customer base in the surrounding area, they supply both retail and bulk The only reason the owners are selling is that they have been offered an opportunity in another industry that they were previously involved with

How long has the business been established?
April 2019

How long has the owner had the business?
Since Inception

How does the business operate on a daily basis?
Large customer base in the area

How are the clients attracted to the business?
The business is situated in a busy upmarket shopping centre

What Advertising/Marketing is carried out?
The business has a website, does social media and is about to start trailer advertising

Does the business have any contract work?
The business is already supplying some local restaurants and repeat customers, supplying both retail and in bulk

What competition exists?
There are supermarket butcheries nearby

What is the total staff complement?
Currently there are 4 staff, the daughter of the owner operates as manager and there is a cashier and 2 blockmen

Are they on contract?
Yes

When does the current lease end?
5 Year lease signed

Is there an option of renewal & what period?
Yes, 5 Years

What is the annual escalation %?
8% (to be confirmed)

What are the trading hours?
Monday to Friday 09h30 to 17h30 Saturday 09h30 to 15h00 Sunday 09h30 to 12h00

What is the square meters of the business?
Approximately 300 square metres

Do you require a licence?
Just health approval

What lease deposit and/or other surety is required?
Current owners paid R55 000 deposit

What are the main assets of the business?
All assets are new, the current owners have spent R1.7 miilion to set up the business with more equipment to come

Are any items not included in the sale?
Just a few personal items in the office

What is their overall condition?
Excellent brand new

Do any require repairing?
No

Which assets are on lease/HP and with whom?
All paid for

What are their settlement amounts?
Nil

Will Seller settle or Buyer to take over?
N/A

Are they presently insured?
Yes

Strengths?
This a brand new butchery and seafood business has huge potential, all the set up has been done and is ready to reap the rewards

Weaknesses?
Newly opened

Opportunities?
Opportunity for a new owner to take this business and grow it exponentially Also opportunity to certify as a Halaal Butchery as the is a large customer base in the area with no nearby Halaal butcheries

Threats?
None known, just needs marketing effort

What is the reason for the sale?
The only reason the owners are selling is that they have been offered an opportunity in another industry that they were previously involved with

Why is this a good business?
Well situated providing a needed service to the local community

What is the price plus stock and the profit?
Selling at R1.7 million plus stock of approximately R100 000

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FRANCHISE DETAILS

Aldes Central

1 members
10 active mandates
Gauteng
Nillsord Avenue
2026

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