|
|
|
Andetur Group Management (AGM) has a special interest in this shopping center - super market located in the 'Zona Norte' area of Natal, Rio Grande do Norte, Brazil, a community of over 400,000 people. This property is brand new, opened this year. The business is complete, a supermarket - a wholesale food distribution warehouse, executive offices, and 31 rental stores in the complex. The location was well thought out .... and the construction is one of the most modern in Natal. Management is already in place, and the business is already 'grossing' over R$ 600,000 per month (projected to exceed R$ 1,000,000 per month). 16 of the small stores are already leased, and a contract is pending for a small agency of the Banco do Brasil. |
|
The Property takes up an entire city block, on this side is the warehouse and executive offices of the wholesale company. The proposed Banco do Brasil agency would be on the ground floor beneath the company offices offices. The warehouse is to the rear. |
 |
|
The second story is a balcony surrounding and overlooking the supermarket Toward the front of the building, the balcony is wider and there are several fast food shops and seats over 300 people. The supermarket is open from 7 AM until 10 PM. The food shops stay open until after midnight and is a popular meeting place for the neighborhood. |
 |
|
On this balcony is located several of the leased stores Below, on the main floor of the supermarket is a bakery, and a complete meat market including fresh seafood market. Fresh bread is made every day. All of the fixtures, freezers, and display cases are all new and of the best quality. All of the checkout stands have the most modern cash registers hooked up to the main computer system in the offices above. |
 |
|
Also
on the ground floor are more stores including a drug store, cigarette
and tobacco stands, book and magazines, clothing shops, a computer and
electronics store, a gym, beauty shop, barber, shoe store, and a children's
store. These stores function with the same hours as the supermarket
There is a 24 hour security service in the building and a closed circuit
TV monitoring the entire premises. A cleaning staff is maintained by
the shopping-center.
|
 |
| AGM is proposing to raise capital by selling 80% of the business to investors, and would continue managing and developing the property. We are proposing selling the 80% for US$ 1,600,000. The property is free and clear of all liens. The extra capital in the business would be used for expansion of the stock in both the supermarket and the wholesale business. |
|
The wholesale business, besides supplying the supermarket, markets food and other products through out the area to smaller convenience stores, hotels, and acts as a chandler to the offshore oil companies and the merchant ships in the port. |
