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Retail Store Indian Cuisine Retail
Little Falls, Gauteng - South Africa

Retail Store Indian Cuisine Retail Little Falls, Gauteng - South Africa

Available: 4 yrs, 5 ms ago
Contact: Broker Jason Kennedy
0617927640
0116752184

Account Name: Sharmane Majendie Kennedy
User Since: 20/02/16
Ads Published: 39
Ads Active: 20 (View ads)
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Retail Store Indian Cuisine Retail Little Falls, Gauteng - South Africa

Description

SPECIALIST SPICE & INDIAN CUISINE RETAIL STORE IN RANDBURG

Summary:
Very profitable retail outlet. Very well managed shop, that is situated in a large shopping Mall, which is extremely busy and successful. The shopping centre is situated in the Randburg area. The store is located close to two of the mall’s anchor tenants at a very busy entrance. Specialists in Spices and Indian Cuisine.
• Location: RANDBURG
• Year Established: 1993 by the seller
• Number of Employees: 7
• Hours of Operation: Mon to Sat – 09:00 – 18:00 and Sun 09:00 – 17:00 (PH)
• Number of Stores in Centre: 120
• Lease Term: 1 Year and 6 months remaining
• Basic Monthly Rental: R56,156.37 excl VAT
• Movable Asset Value: R650,000.00
• Stock Value: +-R150,000.00
• Annual Escalation of leases: 9%
• Average Monthly Turnover: R439,623.50
• Average Monthly Expenses: R130,005.37
• Average Monthly Net Profit before Tax: R151,330.54
• Asking Price: R3,000,000.00 (excluding stock)
• Reason for selling: Owner retiring
• Store Size:  98 m2

Contact Broker:
If you are interested please contact Jason Kennedy
#Spices #Indian #Cuisine #Food #Retailstore #Primemall #Businessforsale #Well #Established


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