Established Franchise Biltong Store for Sale

 

Business Overview

This business is located in Port Elizabeth and is part of a very well established franchised group.

The business is located in a well-known shopping complex which is surrounded by both business and residential properties.

The current owner bought the business in 2019 and has made several successful changes to way the business operates that has vastly improved both the efficiency and the profitability of the business.

Thanks to the dedication and commitment of both the Franchisor and the Seller, this business has developed a sound reputation for suppling quality biltong products/accessories to the market.

This is an easy and uncomplicated to run business with superb growth opportunities.

The Seller is very hands-on, and the new owner should also play an active role in the business.

The asking price includes all equipment / assets required to both operate and grow the business.

The business was affected by the economic effect of COVID, but thanks to the hard work of both the Seller and the Franchisor, this business has successfully been able to push through some very tough circumstances.

This is a Franchise operation, and the new owner will need to be comfortable working under the guidance of a franchise operation.

Franchisor approval of the new owner will be a requirement.

Established and easy to run, this is a superb opportunity not to be missed.

Financial Information

Current Annual Turnover:

+-R 1 800 000

Assets / Office Equipment:

+-R350 000 to R400 000 (included in the asking price.

Stock on Hand:

+- R50 000 (Excluded from the asking price)

Rent & Lease Terms:

Premises is leased with an option to renew

Vat registered:

Yes

Franchise:

Part of an Established Group, with Franchisor approval of the new owner being required

MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT

BuSiness Information

Industry

Franchised Biltong Store

Asking Price

R350 000 (excluding stock on hand)

PROVINCE

Eastern Cape

CITY

Port Elizabeth

Premises Size:

The Business operates from a popular shopping centre, landord approval will be required. Store is more than sufficient for the current operations as well as future business growth

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Hours of work:

Mon to Friday: 08h00 to 17h30                      Sat:                    08h00 to 14h00                   Sun:                   Closed

  

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Buyer Profile:

This business is ideally suited for a husband-and-wife team, a first time business owner or any entrepreneur who is looking be part of a franchise group in the Biltong retail market.

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Growth Potential:

This business has an already established client base, thus expansion possibilities include the expanding the current client base even further, more aggressive marketing, expanding the business into other areas, increasing the product mix and the offering of a delivery service.

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Reason for selling:

Relocation

Disclaimer: All the information contained within this prospectus is supplied in good faith and is based on information supplied by the Seller; MN Business Brokers makes no representation as to its accuracy and in no way will be held liable for any eventualities arising from the use of the information provided.

Contact Us

call

Grant – 073 556 0065

email

grant@mnbrokers.co.za

visit

Office GF001 | Kings Market Office Suite | Cnr Buffelsfontein Road & Titian Road | Walmer Heights | Port Elizabeth | 6070