Franchised Supermarket In Port Elizabeth For Sale

Business description

This established, franchised supermarket is extremely well located in a residential suburb in Port Elizabeth, close to the beach front. The business is well positioned in a shopping centre, close to residential areas.

Being part of a national franchise, the business enjoys excellent support from the franchisor, who is always looking for ways to increase sales turnovers.

The current owner has three other supermarket businesses, and has realised the benefits of focusing his skills over a smaller number of businesses. The business is hence ideally suited to a hands on operator who is in a position to grow this business to the next level.

Plans are afoot to incorporate a liquor store into the existing business, which will undoubtedly increase sales and improve the foot counts through the supermarket.

Franchise terms

Franchisor approval, training and guarantees for purchases will be required before the business can sell.

Property information

Real Estate:

Lease

Location:

Located close to the beachfront, this supermarket is well positioned to capitalise on both residential and seasonal trade.

Other information

Expansion potential:

The seller is currently busy with the Franchisor finalising modifications to incorporate a liquor section in the business. This is expected to significantly boost sales.

Support & training:

Franchisor training and a proper handover from the seller will be included.

Reasons for selling:

Seller consolidating his business interests.

Trading hours:

Mondays to Sundays

Inventory / Stock value:

R300,000