A Lucrative, Long Established Cash & Cary Business for Sale in Port Elizabeth
Business Description:
Located in Port Elizabeth, this is a real Gem of a business that has shown substantial growth in the last 3 years with forecasts showing that this growth trend will continue.
Lucrative and Established Business’s with this much potential are very rare and is an absolute gift opportunity for any entrepreneur / businessperson.
This Cash & Carry has been trading for 40 years and has been managed by the Sellers for the past 5 years.
The business operates from a +-1 200m2 premises located in one of the trading hubs of Port Elizabeth
The premises is owned by the Sellers however the Asking Price does NOT include the property.
The Sellers will offer the new owner an excellent rental option which will secure the location from which the business operates as this is a destination business,
The business operates in the Wholesale market and supplies bulk products to smaller retail traders and is one of the only Independent Cash and Carry’s in the Eastern Cape that supplies Fresh chicken.
In Addition, and unlike your typical Cash & Carry that only supplies other retailers, this Cash & Carry IS open to the public which has made this business a destination wholesaler for both retailers and households.
All the assets of the business, including but not limited to, stock on hand, vehicles, debtors’ book, equipment, furniture, and refrigeration are all included in the Asking Price.
Overall, this is a highly profitable and thriving business with outstanding growth potential.
As inflationary pressures, living expenses and economic uncertainty continue to be in the forefront of most retail traders and households’ concerns, business that are able to consistently supply large volumes of products at a low cost will always be in high demand.
With its sound business reputation, long established trading, lucrative profit and massive growth potential, this is a business opportunity that will allow any business entrepreneur, similar business looking to expand their operations or family to truly become the makers of their own destiny.
Annual Turnover:
+-R142 000 000 (as per 2023 financials)
Net Profit:
+-R7 346 881 (as per 2024 man acc)
ROI:
+-23%
Assets:
+-R17 900 000 (Included in the asking price).
Current Stock on hand:
+-R4 500 000 (Included in the asking price)
Monthly Rent:
+-R65 000 (Rental amount that the Seller will charge)
Vat registered:
Yes
Growth Potential:
This business has an already established client base, thus expansion possibilities include the expanding of the current client base or opening of additional branches in other areas
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
Wholesale and retail business
Asking Price
R32 000 000
PROVINCE
CITY
Premises:
Owned by the Seller (Not Included in the Asking Price).
Trading Hours:
Mon to Fri: 09h00 – 17h00 Saturday: 09h00 – 17h0 Sunday: Closed
Staff Compliment:
15 x employees
Buyer Profile:
This business will suit a 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.
Full training and support will be provided by the seller to the new owner.
Reason for selling:
Emigration