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Meat Processing Cold Storage Retail Butchery In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R5,300,000 Furniture / Fixtures included
Sales Revenue:
R48,000,000
Cash Flow:
R2,600,000

Steady Net Profits again ! (closed off 2019 Management Accounts)

Butchery (manager run so little involvement required) that covers meat processing, cold storage & a retail store, in the North of Durban. Has operated for 19 yrs with managers in charge of 3 divisions & owner merely controls the strings. Turnovers of R48m pa, lead to Net Profits above R2.6m pa, while the Sale Price is an excellent R5.3m excl stock of R1m.

Processing & Cold Storage : Plant & machinery, consisting of cold storage rooms, metal tables, saws, meat extruders, knives, 2 delivery trucks - Cost R3.7m depreciated to zero, but worth some R690 000.
Butcheries : Display fridges, racks, tills & counters, security systems - Cost R1.8m, depreciated to zero, but worth some R300 000.

Property Information

Real Estate:

Lease

Lease Terms:

Processing & Cold Storage : 1040m2 @ R73 000 pm @ excl vat.
Butchery : 175m2 @ R79 000 pm excl vat.
8% escalation - 3 yr leases

Leasehold Rent:

R1,825,000 per annum

Location:

Northern Suburb of Durban, KZN, South Africa

Premises Details:

In shopping malls:
Processing & Cold Storage : 1040m2 @ R73 000 pm @ excl vat.
Butchery : 175m2 @ R79 000 pm excl vat.
8% escalation - 3 yr leases

Size in square feet:
1215m2
Planning Consent:

Health dept inspections

Business Operation

Expansion Potential:

Push to supply restaurants, hotels, etc.
Advertise the butchery in local papers and create a website (perhaps with recipes etc)

Reasons for selling:

Retiring

Trading hours:

Processing & Cold Storage : 6 days: 8-17h00
Butchery : 7 days: 8 -18h00

Employees:
13 (including managers) so owner only controls financials
Years established:
26 yrs

Other Information

Support & training:

Managers and staff operate the business but seller will assist with financial side

Financing available:

n/a

Furniture / Fixtures value:
R990,000 - included in the asking price
Inventory / Stock value:
R1,000,000

Contact Information

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