Established Frozen Foods Retailer in Urban Renewal Precinct For Sale

Business description

A busy established Frozen Foods retail shop on the main road in Kempton CBD right next to urban renewal project with 300 newly renovated flats ( To be extended to 600 over next 2 years). The business has been in the area for more than 8 years and has a solid track record. The sellers also own the property so the landlord is fully behined the sale. The last 12 months have shown a turnover of R15.5m with a historical avg of R1.2m per month. The business also sells groceries and general packaging.

Property information

Real Estate:

Lease

Lease terms:

To be negotiated as owner is landlord

Leasehold rent:

R180,000 per annum

Location:

In main road CBD on major transport routes. Own off street parking with secure night time parking/storage

Premises details:

The premises allows for storage of more than 60tons of frozen goods, there is also ample space for dry storage.

Other information

Expansion potential:

The business handles no fresh meat and could easily be adapted to do so. Also no "deliveries" are done and this could easily be managed with the 2 vehicles included in the sale.

Planning consent:

None

Competition / Market:

There is no immediate opposition in the area, other general traders are further down the road.

Support & training:

1 month included, more negotiable

Trading hours:

Mon - Fri 7.45am- 5.30pm
Sat 7.45am - 2.00pm
Sun 7.45am - 10.00 am

Inventory / Stock value:

R600,000