Ref. No - BFS937363

LocationSouth Africa, KwaZulu-Natal

Ref. No - BFS937363

Sector - Retail

Asking Price
R499,478
Monthly Profit
R16,439
Asset Value
R 12,500
Stock Value
R 35,000
Yearly Net Profit
R 197,269

Summary

Ideal for 1st time business owners: Are you seeking a business to own and run with minimal daily involvement, this established franchised tombstone outlet is ready for new ownership, easy to run, low overheads, minimal staff requirements, with the benefit of a franchise backing with the expertise and experience guiding you on your business venture.

Give me more information

Fully describe the business's activities?

Selling various types of locally Manufactured Tombstones catering to low, middle and high income earners.

How does the business operate on a daily basis?

Operated by a single sales lady with ad hoc site visits by the business owners. On a daily basis there is communication via teams and cell-phone to review sales, stock and issues requiring attention.

What Advertising/Marketing is carried out?

Facebook and hand distribution of pamphlets.

What competition exists?

There are other tombstone businesses in the area.

How could the profitability of the business be improved?

By offering discounts to increase turnover and by increasing marketing spend.

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

The sales lady commenced employment in April 2023. An opening report is sent each morning, daily discussions are held with the sales lady, she will call her potential clients, they will hand out flyers and chat with the local community during lunch break. Closing reports are done before end of the day with updates and shop is closed by 16h30. Most of the day is in the shop dealing directly with the clientele, discussing tombstone options, pricing and delivery - we include tombstone erection in the price.

Do any have management potential?

Yes, she is capable to run the shop on a daily and weekly basis - owners only intervene to deal with exceptions.

How involved is the Owner in running the business?

Involved in the business on a daily basis - on occasion owners visit the store but are in constant contact to offer support and guidance and deal with anomalies.

When does the current lease end?

End June 2026

What are the trading hours?

08h30 to 16h30 Monday to Friday

What are the main assets of the business?

Computer, cell-phone, TV, Cameras, desk, chair.

Strengths?

Product has a 25-year guarantee
Store is located in a busy area with good passing trade
Good reputation in the Zululand area
Very low cash input required
Low overhead and staff costs
Limited stock held
Tombstones are manufactured in SA

Weaknesses?

Store has one sales lady - no contingency for short absences but Management steps in if extended
Reliant on factory for delivery and installations of tombstones

Opportunities?

Introduction of granite stones end May 2025
Undertake own installations of tombstones and offer service to other stores in the Zululand region

Threats?

Direct competition and new stores opening

What is the reason for the sale?

Owners are based in Durban and are looking to invest in businesses closer to home
Location

Contact | Enquire

Grant

Grant Longhurst

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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