Well Established and Profitable Monopoly Holding Confectionary Shop for Sale in Port Elizabeth.
Business Description:
SORRY FOLKS, THIS SUPERB BUSINESS HAS NOW BEEN SOLD.
If you are looking to buy a business or sell your business then please contact: grant@mnbrokers.co.za
Annual Turnover:
R 1 673 000 (2024 Man Acc)
Operating Net Profit (EBITDA)
+-R213 000 (2024 Man Acc)
ROI:
+-13%
Current Asset Value:
+-R200 000 (Included in the Asking Price).
Current Stock on hand:
+-R 35 000 (Excluded from the Asking Price)
Current Annual Rental:
+-R 70 080 (2023 financials)
Vat registered:
Yes
Growth Potential:
Due this business’s location and present monopoly status, this business has an already established client base, thus expansion possibilities include the expanding of the current product mix or opening of additional similar Sweet shops / Confectionary Kiosks in other areas / casinos.
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 Type
Sweet shop / Confectionary Kiosk
Asking Price
R650 000
PROVINCE
CITY
Premises:
Leased: 3 x years with option to renew (Landlord approval may be required)
Trading Hours:
Mon to Friday: 11h00 – 22h00 Sat: 11h00 – Midnight (24h00) Sun: 11h00 – Midnight (24h00)
Staff Compliment:
4 x full time employees
Buyer Profile:
This business will suit a BBEE husband-and-wife team / family or another similar type of business that is looking to expand their current business footprint or a person / entrepreneur who is looking to become the master of their own destiny.
Reason for selling:
Other business commitments.