Well Priced Liquor Store in Prime location
About this business for saleWell Priced Liquor Store in Prime location
Perfect opportunity to own a profitable well managed and run Liquor store in a vibrant small town of the Eastern Cape.
The bottle store has been in existence for well over 10 years and is the biggest bottle store in the town. The business is located in a recently renovated building which offers good street frontage and strong security.
The bottle store is well laid out and operates as a counter service store. This ensures that shrinkage is minimized. The store has a large cold room which is the property of the landlord and a large safe storage area for stock.
The position of the store is perfect as it is on the main entrance route to the town centre.
The asking price for the business is R1,750,000 (Excl. Vat and Stock). Stock is currently kept at around R900,000 although it need not be that high as delivery from suppliers is weekly. The current owners reckon that a stock holding of R500,000 would be sufficient.. The business has a strong turnover and netted over R700,000 in the last financial year. This offers a good return on investment of 40%.
The business is currently managed by a manager on a daily basis with the owner spending a small amount of time a day at the business.
The business also has scope for growth and the Seller would be willing to discuss this with serious buyers.
For more information on this great business please contact the listing broker - Greg King (084 5566166)
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.