Ref. No - BFS937697

LocationSouth Africa, KwaZulu-Natal

Ref. No - BFS937697

Sector - Retail

Asking Price
R895,000
Monthly Profit
R27,005
Asset Value
R 50,000
Stock Value
R 617,969
Yearly Net Profit
R 324,064

Summary

For over 50 years, this trusted local store has served generations of crafters with quality knitting, sewing, and yarn supplies. Stocking a wide range of natural and synthetic fibres—from everyday essentials to specialty imports - a go-to destination for hobbyists and professionals alike. Now, ready for its next chapter. If you’re skilled in sewing, knitting, or crochet and have a head for business, this is your chance to own a fully operational store with a loyal customer base and strong community ties. Whether you dream of teaching workshops, expanding product lines, or simply continuing a legacy built on passion and creativity—this opportunity is ready to be yours. Prime location. Established reputation. Turnkey operation.

Give me more information

Fully describe the business's activities?

Wool shop and accessories

How does the business operate on a daily basis?

Routine - Open shop - admin duties
Check stock - order stock
Customer service - offer suggestions and advice

What Advertising/Marketing is carried out?

WhatsApp group
Website
Centre does advertising

What competition exists?

Another store in same area stocks a little wool and another store in different location stocks wool and accessories.

How could the profitability of the business be improved?

Diversify revenue streams
Expend online sales
Enhance customer relations - Catchy cards

Give a breakdown of staff/ functions/ length of service?

One staff member been with previous owner still with business

Do any have management potential?

No

How involved is the Owner in running the business?

One Director runs the day to day and the other Director only does finances (remotely)

When does the current lease end?

April 2027

What are the trading hours?

09:00 to 16:00 - can extend.

What are the main assets of the business?

Shelving
Display units
Cash register
Dinning table with 10 chairs

Strengths?

High gross profit margins
Local reputation
Niche expertise

Weaknesses?

Seasonal fluctuations
Limited to no online presence

Opportunities?

Workshops and events
E-Commerce expansion

Threats?

Rising rental costs
Online competition

What is the reason for the sale?

Director has relocated from the area.

Contact | Enquire

Nic

Nic Nortje

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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