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LocationSouth Africa, KwaZulu-Natal

Sector - Retail

Asking Price
R3,000,000
Monthly Profit
R 152,221
Asset Value
R 900,000
Stock Value
R 3,500,000
Yearly Net Profit
R 1,522,209

Summary

Long established, Franchised, Retail hardware store. Including ,Nursery, craft and DIY. Conveniently situated on the fringe of the CBD with ample parking. Well trained staff, and solod brand that is situated in a prime location.

Give me more information

Fully describe the business's activities?

A large, retail hardware, outdoor, garden, craft and DIY franchised store, conveniently situated on the fringe of the CBD. A big, well known, national brand.

How does the business operate on a daily basis?

This is an owner controled, but family managed business. The owner and his wife are looking to retire. The son-in-law who co-manages the store with the owner would stay on as manager.

What Advertising/Marketing is carried out?

Pole ads, national marketing and promotions, power ads on CCTV and newspapers. Internet.

What competition exists?

There are numerous building hardware stores in the area, however there is very limited opposition to DIY.

How could the profitability of the business be improved?

Further investment in stock needs to be made. Stock range can be improved. More opportunity of could be taken of supplier promotions. Extended trading hours.

Do any have management potential?

Yes

How involved is the Owner in running the business?

The owner and his wife are fully involved in the day to day running of the store.

When does the current lease end?

A new lease is being negotiated with the landlord. This will be available for perusal by approved potential buyers.

What are the trading hours?

Monday to Friday 08hr00 to 17hr00
Saturday 08hr00 to 13hr00
Sunday 08hr30 to 12hr30

Strengths?

A national brand franchise. A well positioned store with good access and parking conveniently situated. Turnover growing all the time. Limited opposition.

Weaknesses?

A bit under-stocked. Maybe a bit under capitalized.

Opportunities?

There is a rapidly urbanizing population around the area so growth potential is great.

Threats?

Normal trading risks but nothing obvious.

What is the reason for the sale?

The owner is looking to retire.

Location

Contact | Enquire

Werner

Werner Angell-Schau

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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