Shopping Mall Equity Stake For Sale in Abeokuta, Nigeria

Offers a broad selection of groceries, bread, confectionery, kitchenware, electronics, furniture, clothing, and household essentials through physical malls, online ordering, and delivery services. It also operates paid amenities, including a bakery, restaurants, a unisex salon, and a gym. - Tangible assets include several owned commercial properties and two-floor mall buildings in Abeokuta valued at about NGN 1.104 billion, and in Sagamu valued at NGN 0.391 billion. There’s also a dedicated warehouse and distribution center valued at NGN 0.127 billion. Other business tangible assets are machinery, equipment and vehicles estimated at NGN 0.501 billion and current assets last valued at NGN 0.216 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. The business owns multi-purpose retail, logistics, and support facilities in Ogun State, comprising:
- Abeokuta headquarters and main mall: Approximately 6,048 sqm of land, with about 1,500 sqm built-up area and 1,868 sqm of floor space across the mall, bakery/restaurant, salon/gym, event canopy, utilities, and support areas.
- Sagamu mall: Approximately 2,143 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.
- Warehouse and distribution center: 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, the facilities include multiple two-floor buildings totaling about 2,670 sqm of built-up retail and service space, supported by cold rooms, private power systems, and dedicated logistics areas.

. - The business and its assets are primarily owner-funded and fully paid for. Incorporated in Nigeria, the company has increased its authorized share capital from NGN 1,000,000 to NGN 10,000,000, divided into 10,000,000 ordinary shares of NGN 1.00 each. It also has an outstanding bank overdraft facility of approximately NGN 100 million.
- Equity remains closely held by the founder, with no reported external equity investors to date.
- The company is family-owned and has five directors: one active director holds 55% of the shares, while the remaining four directors each hold approximately 11.25%.