Spar For Sale In South Africa
What is Spar?
SPAR, originally DESPAR, styled as DE SPAR, is a Dutch multinational that provides branding, supplies and support services for independently owned and operated food retail stores. It was founded in the Netherlands in 1932, by Adriaan van Well, and as of 2021 consists of 13,623 stores in 48 countries.
Spar For Sale In South Africa
13 Supermarkets Available For Sale in South Africa Today on BFS, The World’s Largest Marketplace for Buying and Selling a Business.
Frequently Asked Questions
How much does it cost to buy a Spar franchise in South Africa?
Currently, the cheapest ground-up Spar franchise available is KwikSpar, which starts at R5 million. A regular Spar store costs upwards of R8 million. And a SuperSpar will cost at least R10 million. In each case, 40% of this investment must be available as unencumbered cash.
How much does it cost to open a supermarket in South Africa?
Traditional Spar stores are 1,100 to 1,600 square metres. In 2019 the average cost of these stores was between R10 million and R12 million, but there are now existing stores that start at R8 million. Franchisees require a working capital of R900,000. The biggest, and most expensive, is SuperSpar.
How much does it cost to buy Shoprite franchise in South Africa?
It’s currently not possible to buy a Shoprite or Checker’s store in South Africa, but you can purchase an OK Foods, which is also a subsidiary of the Shoprite Group. An OK Grocer franchise is currently going for R2. 85 million, Wasserman explains.
How much profit does Spar make in South Africa?
Spar far outnumbers other retailers in South Africa, with total group stores (including those in Ireland and Switzerland) hitting 3,765.
Revenue and operating profit.
Supermarket | Revenue | Operating Profit |
---|---|---|
Spar | R90.700 billion | R2.600 billion |
Massmart | R91.250 billion | R2.483 billion |
Is Spar a good investment?
If you are looking for stocks with good return, SPAR Group Ltd stock can be a bad, high-risk 1-year investment option. SPAR Group Ltd real time quote is equal to 15716.00 ZAC at 2022-11-04, but your current investment may be devalued in the future.
What is the most profitable franchise to own in South Africa?
These are the start-up costs for opening some of the biggest franchises in the country: KFC – from R6 million. Nando’s – from R7 million. Debonairs – from R2 million.
Brand | Steers |
---|---|
Revenue (2017) | R1.35 billion |
Growth (from 2016) | 8.9% |
Franchises (2017) | 561 |
Revenue per outlet | R2.4 million |
How much is MTN franchise?
“It basically costs next to nothing” to become a franchisee, if an entrepreneur is to exclusively provide MTN`s services. However, an amount of R90 000 would be payable over three years should a franchisee decide to terminate the three-year franchising contract.2
How much is the cheapest franchise in South Africa?
- Fish & Chip Co.: Roughly R645 000 starting cost plus R4400 monthly payment.
- King Pie: Approximately R600 000 starting cost.
- Zebro’s Chicken: Roughly R831 000 plus 4% of monthly turnover.
How can I invest in SPAR?
- Open a FREE Trading Account here.
- Verify account via email or phone number.
- Set up 2FA (Two Factor Authentication)
- KYC your profile to get verified.
- Explore and get acquainted with the trading dashboard.
What are the weaknesses of SPAR?
The company has not being able to tackle the challenges present by the new entrants in the segment and has lost small market share in the niche categories. SPAR Group, Inc. has to build internal feedback mechanism directly from sales team on ground to counter these challenges.