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Pretoria / Tshwane Established Micro Finance Chain For Sale

Pretoria, Gauteng
Asking Price:
R1,000,000 Furniture / Fixtures included
Sales Revenue:
R2,800,000
Cash Flow:
Available on request

This successful micro-finance business has grown from a single store in 2012 to five fully fledged, profitable branches by 2016 located throughout the City of Tshwane.

The brand is well established as a provider of short-term loans at affordable rates.

Looking to sell the group and its loan books either as individual stores or as a group. (As such our sale price is R1 million for the group, but interested buyers would have to buy the existing loan book also, which is approximately R2.1 million at the time of posting).

Property information

Real Estate:

Lease

Lease Terms:

Average Lease Amount is R7,500.00 per branch per month and all leases expire within 12 months, with the option to renew.

Location:

The five branches are located throughout the City of Tshwane, in prime commercial districts, which are: Gezina, Pretoria North, Pretoria West, Queenswood, and Zwavelpoort.

Premises Details:

All branches are located in leased shops, which have been fitted and branded for purpose.

Business Operation

Expansion Potential:

Considering the brand's growing reputation in the market there is plenty of opportunity to grow either in Tshwane or branch out across South Africa.

Competition / Market:

Competitors have had a negligible effect on our operations.

Reasons for selling:

The business was established as a sideline project to our main business and due to its growth, we no longer have the time to manage this project without losing focus from our main business.

Trading hours:

09:00 - 17:00 (Weekdays) and 08:30 - 11:00 (Saturdays)

Employees:
11
Years established:
First branch started in 2006

Other Information

Support & training:

We are happy yo provide a manager to show a buyer the systems over the course of a week.

Furniture / Fixtures value:
R150,000 - included in the asking price
Website:
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