Ref. No - BFS938179

LocationSouth Africa, KwaZulu-Natal

Ref. No - BFS938179

Sector - Retail

Asking Price
R700,000
Monthly Profit
R1,148
Asset Value
R 426,726
Stock Value
R 300,000
Yearly Net Profit
R 13,778

Summary

Great opportunity to acquire stock and assets of this furniture and decor business at cost including customer database and professional website.

Give me more information

Fully describe the business's activities?

Retail sales of bespoke Furniture, Accessories, Pictures & Wall Art. 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?

National retail outlets

How could the profitability of the business be improved?

Securing cheaper shop space to reduce the extremely high rental and mall costs

Do any have management potential?

Manager in place

How involved is the Owner in running the business?

Oversees operations , finances , stock control and marketing

When does the current lease end?

June 2026

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
Asset list on hand.

Strengths?

South African manufactured Furniture, Large customer base, good staff , quality products

Weaknesses?

Current high rental costs in mall

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. Credit Sales arrangements.

Threats?

Difficult local economy

What is the reason for the sale?

The owners wish to pursue and focus on their other business interests
Location

Contact | Enquire

Willem

Willem Steenkamp

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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