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OK MiniMark – Cape Peninsula Pending Offer

R2,600,000

Business Description

Situated in an up-market area in the main road, with good visibility, easy access and adequate parking. This store which has been part of the established village for 17 years was fully revamped to franchisor specifications in 2013 and turnover has grown substantially since then. It is one of the OK MiniMark success stories.  The owner is emigrating for family reasons.

 

Business Details

  • Property ID: PER081
  • Price: R2,600,000
  • Turnover: R8.7mil
  • Actual Profit/Year: R1.1mil
  • Turnover range: R8mil - R10mil
  • Profit range: R1mil - R2mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: The owners are emigrating
  • Business history: 4 years with present owner, (14 year previously as 711)
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: Takeaway, Bakery, Wine licence, Fruit and Veg.
  • Rent & lease terms: R51 000 pm / 2 years plus option for 5 year renewal. Can Be renegotiated for a longer term
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: Replacement Value R 2 million. Store fully revamped to OK specifications
  • Stock included in sale: No
  • Value of stock: R700 000
  • GENERAL COMPANY INFO:

  • Employees: 11 staff members
  • Trading hours:
  • Support & training: Full Support & Training
  • Business Address

    • Neighborhood: Greater Cape Town
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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