Filters
LocationSouth Africa, KwaZulu-Natal

Sector - Retail

Asking Price
R4,150,000
Monthly Profit
R 130,275
Asset Value
R 397,046
Stock Value
R 800,000
Yearly Net Profit
R 1,563,300

Summary

Furniture & Accessories Shop - established 2004 and very profitable. Large customer base. Can be managed remotely with periodic visits.

Give me more information

Fully describe the business's activities?

Retail sales of bespoke Furniture, Accessories, Pictures & Wall Art. The business has a loyal customer base.

Consistently great quality South African wooden Furniture is sold.
Customers can choose their fabric from a large range available, this enables them to customize their upholstered furniture pieces.
Large variety of Accessories & Framed Pictures
This is a great selling point, which makes the business unique in their market.

How does the business operate on a daily basis?

The Retail shop is open 7 days per week.
Opening hours Monday – Saturday 09h00 – 18h00
Sunday & Public Holidays 09h00 – 15h00

What Advertising/Marketing is carried out?

Facebook Marketing.
Google Advertising.
Mall Marketing.
Whats app Marketing.
Word of Mouth.

What competition exists?

Only national Retail chains, like Bradlows.

How could the profitability of the business be improved?

More regular Facebook marketing.
Instagram Marketing.
Google Marketing.

Do any have management potential?

Manager employed.

How involved is the Owner in running the business?

The owner is remote to the business and spends 2 hours per day on ordering and assisting via whatsapp for the smooth running of the shop. The owner then visits the shop every 2nd to 3rd week, 2 days in the shop redecorating etc.

When does the current lease end?

31 March 2024.
We have renewed our lease since 2012 on a 3 year basis.
The Landlord has relocated the shop to a prime location.

What are the trading hours?

Monday – Saturday: 09h00 – 18h00
Sunday & Public Holidays: 09h00 – 15h00

What are the main assets of the business?

Computer, Printers & Point of Sale Program
Large Customer Data Base
Kia K2700 & Flatbed Trailer
Shop Fittings & Signage
Cell Phones x 3
Surveillance Cameras
Suppliers with negotiated discounts
Well Trained Staff members

Strengths?

South African manufactured Furniture
Large customer base
Prime Location in Mall

Weaknesses?

The web page not fully developed.

Opportunities?

Large Customer base in the local area that can be marketed too.
Interior Decorating can be added to the business as a service.
Online marketing & Sales can be added.

Threats?

Local or national unrest.

What is the reason for the sale?

The owner is emigrating.

Location

Contact | Enquire

Mike

Mike Smith CA

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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