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TAKE AWAY IN BUSY MALL STRAND AREA
R 1,600,000
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3 months ago197 views
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Description
Located in entrance of busy mall in Somerset / Strand Area
High feet traffic!!!!!
LOCATION! LOCATION! LOCATION!
Owner committed to another business in Northern Suburbs
Set up costs R2.1 million.
Rental 36K (100m2) All in / VAT Inn (incl Electricity)
Long Lease / 5 years + option
Assets around 700K (As new)
Payroll 25K (6 staff)
Operating 7 days / week (8 – 6:30pm)
No nearby competition / Exclusive
Gas 13K / month
Turnover 280 pm
Netting 70K/ 80k / month
NEW LISTING!!!
PRICE 1.6 Million PLUS STOCK AT COST!!!!
(REDUCED PRICE!!!) MUST GO!!!!
For more info on this business, kindly contact / WhatsApp Joe on 072 599 8097 or email
joe@donedealbrokers.co.za
Id Subtitle 1257893058
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Done Deal Brokers
Selling for 3+ years
Total Ads749
Active Ads41
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BRIEF
OVERVIEW -
The
profitable business is centrally located in a prime location and most of the
trading derives from a well-established client base.
Well-established
in Western Cape, Overberg, Hermanus and Agulhas
Their services encompass every aspect of Property Administration, Property
Sales and Rentals:
Levy
Collections; Administration, Secretarial and Financial Administration; Insurance and Claims Administration; Repairs and Maintenance Administration; Property Sales; Property Rentals
contribute a major part of the revenue (undertaken separately in another company).
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Asking
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The asking price is marginally negotiable and includes fixed assets. Offers above R8 million will be presented.
valued at R350,000. The price also includes the cession of contracts/services, but excludes debtors and Creditors, that will be collected and settled by the Seller. The
final cash price will be determined on the take-over date and recorded in the sale agreement.
Trading information: Annual Sales R7,3 million Owner Profit (EBIDTO): R3,335 million ROI 40% per annum (payback 3 years)
POTENTIAL-
The
business requires a pro-active owner that can add value to the
business, possibly wishing to change their lifestyle and relocate from up-country to the Cape and it's buoyant
economy.
The
business principal and trading entity need to be registered with the
PPRA (Property Practitioners Regulatory Authority).
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manage that way.
Moving the business to another area is also a possibility.
REASON
FOR SELLING -
The Owner wishes to consider and investigate other opportunities
The seller has built the business to a point that he can pass the reigns
and client bases to a suitable experienced entrepreneur.
ROOF
OF FUNDING REQUIREMENT - Interested
parties MUST
be able to demonstrate that they have access to the required funds
to finance a cash transaction purchase.
FULL
DETAILS WILL ONLY BE PROVIDED BY THE APPOINTED BROKER SUBJECT TO
SIGNING A CONFIDENTIALITY AGREEMENT (NDA).
Other Details:
https://fairbro.co.za/.cm4all/uproc.php/0/Business%20Listings/Pro112-1_Website_Summary_Combined_Updated_2024-
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