Shopping Mall Equity Stake For Sale in Abeokuta, Nigeria

Offers a wide range of products including groceries, bread, confectionery, kitchen utensils, electronic appliances, furniture, clothing, and other household essentials, serving customers through physical malls, online orders, and delivery services. Also provides paid amenities like a bakery, restaurants, a unisex salon, and a gymnasium. - Tangible assets include several owned commercial properties and two-floor mall buildings in Abeokuta valued at about NGN 1.125 billion, and in Sagamu valued at NGN 0.5 billion. There’s also a dedicated warehouse worth around NGN 0.1125 billion, along with a distribution centre and a logistics fleet consisting of heavy-duty, medium-duty, cargo, refrigerated, and passenger vehicles. Other assets include three cold rooms, generators valued at NGN 0.405 billion, bakery and restaurant equipment, as well as salon and gym equipment shelves and fittings, office furniture, IT systems, and private power systems are worth approximately NGN 0.35 billion.
- Intangible assets include the brand names, business registration certificate, established customer relationships and goodwill, supplier and vendor relationships, operating processes, and online ordering and delivery capability. These assets collectively support the retail, distribution, and service operations and are part of the business being offered to investors. Owned multi-purpose retail and support facilities in Ogun State, including: (1) Abeokuta headquarters and main mall on approximately 5,466 sqm of land, with about 1,500 sqm built-up area and 1,868 sqm of floor space across mall, bakery/restaurant, salon/gym, event canopy, utilities, and support areas; (2) Sagamu mall on approximately 2,400 sqm of land, with about 700 sqm built-up area and 970 sqm of floor space including a mini bakery/restaurant, utilities, and support structures; (3) Warehouse and distribution centre on approximately 2,606 sqm of land, with about 470 sqm built-up area and 586 sqm of warehouse floor space for storage and administration. Overall facilities include multiple 2-floor buildings totalling about 2,670 sqm of built-up retail and service space, supported by cold rooms, private power systems, and logistics areas.

. - Business and assets are primarily owner-funded. The company is incorporated in Nigeria with an increased authorized share capital of ₦10,000,000 divided into 10,000,000 ordinary shares of ₦1.00 each (following an increase from ₦1,000,000 in 2014). There is an outstanding bank overdraft facility of approximately ₦100 million.
- Equity is closely held by the founder, with no external equity investors reported to date.
- It is our family business, there are five directors in total, with one active director holding 55% ownership, and the remaining four each holding an equal share of 11.25%.