Filters
LocationSouth Africa, KwaZulu-Natal

Sector - Retail

Asking Price
R2,515,335
Monthly Profit
R 64,233
Asset Value
R 1,823,623
Stock Value
R 1,015,335
Yearly Net Profit
R 770,797

Summary

A specialist multi-store bed retailer offering top quality bed brands, linen and bedroom furniture.

Give me more information

Fully describe the business's activities?

This business stocks the well-known brands of beds, including Serta, Lylax, Cloud Nine and Rest Assured. They also stock high-end custom furniture and décor where only the best will do.
Products for sale at their 4 upmarket and unique showrooms include:
• Mattress and base sets
• Custom, hand-made bedroom furniture
• Imported feather-inner scatter cushions and covers
• Ultra-plush, high quality Sherpa throws and blankets
• 100% cotton percale linen
• Brushed microfibre linen
• Top quality Memory Foam & Tranquil Plush pillows.

How does the business operate on a daily basis?

The business has a dedicated sales force who offer customers online and in-store quotes and advice, and they are already renowned for their prompt and professional service. This has helped to engender confidence in the business’ brand and service.

What Advertising/Marketing is carried out?

The business is very active in the advertising and marketing space, including Facebook, Instagram, YouTube videos, website and East Coast Radio.

What Advertising/Marketing is carried out?

The business is very active in the advertising and marketing space, including Facebook, Instagram, YouTube videos, website and East Coast Radio.

What competition exists?

There are numerous competitors that offer beds and related products but none have the carefully thought-out mix of quality, range and competitive pricing of this unique business.

How could the profitability of the business be improved?

Turnover will increase organically because some of the stores were opened during the course of the year. Profitability will increase in line with the increase in turnover.

How could the profitability of the business be improved?

Turnover will increase organically because some of the stores were opened during the course of the year. Profitability will increase in line with the increase in turnover.

Give a breakdown of staff/ functions/ length of service?

Store Managers x 2
Marketing Manager x 1
Sales/ Admin x 6

Do any have management potential?

There are staff in existing management positions.

How involved is the Owner in running the business?

The owner oversees the business performance but leaves the running of the business to his competent staff.

When does the current lease end?

There are four separate leases with different lease periods. Details of all leases are on file.

What are the trading hours?

08:00 - 17:00 (weekdays) and 08:00 - 15:00 (Saturdays and Sundays).

What are the main assets of the business?

An asset register is available to serious buyers.

Strengths?

This business has perfected the optimum mix of bedding and related products which differentiate them from the competition. Their unmatched service, décor and competitive pricing attracts customers directly and this is evident in the good trading and profitability.

Weaknesses?

No perceived weaknesses.

Opportunities?

The business is established and primed to take advantage of the easing of lockdown restrictions. Moreover, the present owner, who is an expert in the retail of beds and related products, is available to consult to the buyer with respect to further rollout of stores across the country and will share his vision for the future.

Opportunities?

The business is established and primed to take advantage of the easing of lockdown restrictions. Moreover, the present owner, who is an expert in the retail of beds and related products, is available to consult to the buyer with respect to further rollout of stores across the country and will share his vision for the future.

Threats?

A further wave of the pandemic may have an impact on the business.

Threats?

A further wave of the pandemic may have an impact on the business.

What is the reason for the sale?

The owner has multiple business interests and has decided to reduce his workload.

Location

Contact | Enquire

Gary

Gary Gower

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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