*** SOLD ***
Profitable Bottlestore & Spaza Shop Port Elizabeth
R 650,000Listing: #14320
About this business for saleProfitable Bottlestore & Spaza Shop Port Elizabeth
This lucrative opportunity comprises two businesses, a liquor store and a Spaza Shop, that generate two income streams.
The business was established during 2011 and has grown into a brand that is supported well by the local communities. Efficient stock control systems are in place.
The lease agreement includes not only commercial land use, but also residential land use. The residential property is a convenient 2 bedroom dwelling with a kitchen, lounge, bathroom and garage. The lease provides for an option to buy the property.
The asking price is R650 000 excluding stock of +/- R70k at cost. With an annual net profit of R636 000, this translates to a return on investment of 88% and a payback period of 14 months.
All information provided is subject to verification by interested buyers and financial information will only be disclosed to serious buyers.
For more information, kindly contact the listing Broker.