Ref. No - BFS937480
Namibia, Windhoek & CentralRef. No - BFS937480
Sector - Retail
Asking Price
N$1,900,000
Monthly Profit
N$54,119
Asset Value
N$ 430,000
Stock Value
N$ 400,000
Yearly Net Profit
N$ 649,424
Summary
Well known franchise pawn shop
Give me more informationFully describe the business's activities?
This is a well known franchised retail shop that sells new and second hand goods. They also give secured money lending against goods. This franchise has stood the test of time and can also be categorized as a "recession-proof" business. This business has a good cash flow, is ideally located with loyal employees in place
How does the business operate on a daily basis?
The clients are mostly walk-in clients and repeat customers. The store is currently owner operated, however there are managers in place.
What Advertising/Marketing is carried out?
The Franchisor carries out the marketing and advertising on a national basis and every franchisee contributes a % of turnover towards the group costs.
Do any have management potential?
Yes, there are staff members with management potential.
How involved is the Owner in running the business?
The owner is involved daily.
When does the current lease end?
The current lease is up for renewal - Oct 2025.
What are the trading hours?
Trading hours are 09h00 to 18h00 - Monday to Friday
Saturdays and Sundays - 09h00 to 13h00
Saturdays and Sundays - 09h00 to 13h00
What are the main assets of the business?
The main assets of the business is the Furniture & Fittings.
A full asset register will be provided to approved buyers during the due diligence stage.
A full asset register will be provided to approved buyers during the due diligence stage.
Strengths?
- Recession Proof
- Successful business model
- Trained staff in place
- Excellent location
- Support from Franchisor
- Reporting Systems and all things "admin" taken care off
- Successful business model
- Trained staff in place
- Excellent location
- Support from Franchisor
- Reporting Systems and all things "admin" taken care off
Opportunities?
Increasing the Cash Advance book
What is the reason for the sale?
The current owner would like to decrease the workload with her pending retirement.
Access to the number one business broking tool to get your business sold.
We've got you covered!
We offer an innovative and intuitive
solution for selling your business, franchise and premises
Promote
your business for sale
Reach
the right audience
Gain
more exposure
Sign up for our Sellers' Portal Affordable monthly packages
Knowledge Bank
Get the latest information, valuable tips and share in the professional knowledge of business experts on selling or buying a business
Buyers
What Are The Advantages Of Buying An Existing Business
What Are The Advantages Of Buying An Existing Business
10 Questions To Ask When Buying A Business
10 Questions To Ask When Buying A Business
The Transformative Power of Business Coaching: Unleashing Success and Growth
In today's competitive business landscape, entrepreneurs and professionals are constantly seeking ne
Sellers
Unlocking Opportunities: Selling Kindergarten, Pre-School and Early Childhood Development Centre Franchises Online with Business for Sale
We're excited to announce our latest endeavour aimed at fostering growth and expansion in the early
Empowering Franchisors: A Refined Approach for Exponential Sales Growth
Empowering Franchisors: A Refined Approach for Exponential Sales Growth
6 Steps To Selling A Small Business In South Africa.
6 Steps To Selling A Small Business In South Africa.