Ref. No - BFS936217
South Africa, KwaZulu-NatalRef. No - BFS936217
Sector - Retail
Asking Price
R745,000
Monthly Profit
R 37,682
Asset Value
R 198,230
Stock Value
R 350,000
Yearly Net Profit
R 452,185
Summary
Office and home pre-loved furniture for sale
Give me more informationFully describe the business's activities?
Buy & Sell 2nd hand office and household furniture, sourced from auctions, downsizing and/ or immigration.
How does the business operate on a daily basis?
Buy stock - repair if necessary - advertise and sell items.
What Advertising/Marketing is carried out?
FB page, FB marketplace & Watsap group
What competition exists?
Nobody else does second hand office furniture
How could the profitability of the business be improved?
Additional stock purchases throughout the year, therefore sell more using existing resources.
Give a breakdown of staff/ functions/ length of service?
1 Supervisor, 3 sales people, 4 labourers
Do any have management potential?
Yes 1 of the staff members
How involved is the Owner in running the business?
Day2Day operations
When does the current lease end?
Sep 2024
What are the trading hours?
Monday to Friday 8h30am to 4h30pm; Saturday 8h00 to 13h00
What are the main assets of the business?
racking, shelving, small tools & equipment, desks, computers
Strengths?
High demand for 2nd hand goods, especially office furniture. Nobody else offering any real competition.
Opportunities?
Increase stock holding
What is the reason for the sale?
Relocating and semi-retiring as well as ailing health of owner
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