Fully describe the business's activities?
A privately owned grocer and bottle store offering a variety of household requirements.
How long has the business been established?
The business was established in 2018.
How does the business operate on a daily basis?
There are two cashiers / cleaners who open and close the business on a daily basis. The owner comes in once a day to take orders for new supplies and to collect the banking.
How are the clients attracted to the business?
There are no similar businesses located within a large km radius of this business. It is known in its community as the destination store, serving the local residents in nearby residential areas. Large signage has been installed outside the shop.
What Balance Sheet and Income Statements are available?
The latest February 2022 are available.
What is the total staff complement?
There are two cashiers / cleaners, who started working at the business from when it was established.
How involved is the Owner in running the business?
The owner goes into the business once a day to take produce orders and cash up.
When does the current lease end?
The current lease expires March 2023.
Is there an option of renewal & what period?
Yes, there is an option for renewal for the next 3 to 5 years and or an option to purchase the property.
Do you require a licence?
Yes, a liqour licence which will be transferred to the new owner.
What lease deposit and/or other surety is required?
There is a one month lease deposit required.
What are the main assets of the business?
The main assets of the business are the refrigerators and the shelving.
Profitable and the only retail and bottle store in a large km radius.
One can expand the product lines by providing a takeaway and catering option.
What is the reason for the sale?
The owner is scaling down and wants to retire.
Why is this a good business?
This is a profitable business and is suitably located.
What is the price plus stock and the profit?
The selling price is N$ 1,650,000.00 excluding an average stock holding of N$ 200,000.00 The annual net profit EBITDA is N$ 540,289.00.