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LocationSouth Africa, KwaZulu-Natal

Sector - Retail

Asking Price
R3,250,000
Monthly Profit
R 131,734
Asset Value
R 83,000
Stock Value
R 750,000
Yearly Net Profit
R 1,580,813

Summary

Extremely profitable, ideal location. Established 13 years.

Give me more information

Fully describe the business's activities?

Retail of lighting. Situated in CBD.

What competition exists?

There is competition, which is more expensive.

How could the profitability of the business be improved?

The business is profitable. Could be increased by extending opening hours and finalising website.

How involved is the Owner in running the business?

The Owner spends 30 to 40 hours per month on the business.

When does the current lease end?

The lease is on a month-to-month basis and a new lease will be arranged for the Buyer.

What are the trading hours?

Monday to Friday 8h30 to 16h30. Saturday 8h30 to 12h00.

What are the main assets of the business?

Fixtures, Computer, Point of Sale & Furniture.

Strengths?

Good location. Well established.

Weaknesses?

Website arranged, nut not finalised yet.

Opportunities?

Website. Trade slightly longer hours.

Threats?

Covid lockdowns.

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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