Play the retail game in Gauteng
Gauteng is a province that needs no introduction. From the booming economic scale of its major cities, Gauteng is home to some of South Africa’s richest individuals and international retail stores. As a commercial real estate investor, you can take advantage of entering a steadily growing industry with one of REALGLEN Properties’ sought-after retail listings.
What is the best retail business to start
Whether you are a long-time entrepreneur or new to the game, there is a retail store that can add valuable income to your revenue stream. Research the area you are looking at buying a retail store in to gauge the most viable locations for you. Starting off with a franchise business will require you to meet the terms and conditions of the head company. This includes the equipment, branding and signage of the franchise. All of this can be achieved if you are willing to spend capital investing in a lucrative business that is in high demand.
What are the best real estate options for retail?
Your best bet when venturing into the retail game is buying or renting a property in a busy area with lots of foot traffic. Proximity to other popular businesses is a must. This ensures that shoppers see your retail store as part of the bigger picture when planning their errands or are conveniently in the vicinity when browsing. If you are just looking for a stand-alone location to sell your wares or draw awareness to your business in order to grow, renting a retail space is a safe option. It ensures you have a fixed monthly rental to meet, you can outline your overheads without unforeseen maintenance costs and you can plan your business model according to your lease. It gives retail shop owners the freedom to think of secondary locations and the chance to save to buy another space or rent a larger one once the business grows.
Retail spaces in shopping centres and close to residential areas, business parks and leisure centres are often where you will make your money. These areas experience a high volume of people on a daily basis. REALGLEN Properties has experience in finding the ultimate retail real estate investments in Pretoria and Johannesburg. Our expert property practitioners will assist you every step of the way.
Who are the big 5 retailers in South Africa?
When it comes to our country, food is the biggest draw card for retailers. The top 5 supermarkets in 2024/2025 are projected to be Shoprite, Spar, Pick ‘n Pay, Woolworths and Massmart. Supermarkets dominate the retail space for its ability to provide a one-stop-shop for essential items such as groceries, appliances, clothing and more. Supermarkets have quickly filled the gap in terms of supply and demand and listened to their customers’ needs. Now, you can shop almost anything at one of these trusted retailers with many branching out to provide online shopping and delivery services within 60 minutes.
When it comes to franchises, studies show that some of the most popular in South Africa include; RocoMamas, Car Service City, Chicken Licken, Food Lover’s Market, Nando’s and Sorbet Beauty Salons among others. These profitable businesses are a retail owner’s dream and you could be the visionary who starts the next big retail chain. All you have to do is take a leap of faith with the latest knowledge, a solid business plan and helpful assistance from REALGLEN Properties. Contact us today to make your retail plans a commercial success. We have ideal locations waiting for you.