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Acquire A Profitable Landmark Departmental Store In Bredasdorp For Sale

Bredasdorp, Western Cape, South Africa
Asking Price:
R590,000 Furniture / Fixtures included
Sales Revenue:
R2,200,000
Cash Flow:
R615,000

The business was founded by the seller more than 18 years ago. It has grown into a 385 sqm departmental store that serves this community in Bredasdorp, main economic and service hub of the Southern Overberg region. Loyal customers are permanent residents as well as the farming community in the greater district that covers Bredasdorp, Arniston, Elim, Napier, Riviersonderend, L'Agulhas & Struisbaai. Naturally, holidaymakers from abroad as well as SA residents support the business as the Southern Overberg is a very popular year round holiday destination and virtually all roads lead to Bredasdorp.
The founder of this landmark retailer wishes to join her husband (2 years retired) in retirement. The business is extremely well priced for this reason - priced below the reasonable replacement/establishment cost of a similar business in range and size. This is your opportunity to live, work and earn in this quaint and popular historical town in the Overberg. Price excludes stock which varies around R1m according to seasonal trends.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

New lease to be entered into by new owners.

Leasehold Rent:

R175,260 per annum

Location:

Bredasdorp - Regional Hub in the Southern Overberg District, Western Cape.

Premises Details:

385 sqm Standalone Building in a brilliant location with busy access road exposure. This business is a landmark in this town and region.

Size in square feet:
385 sqm
Planning Consent:

Zoning of premises in place.

Business Operation

Expansion Potential:

Expand departments.

Competition / Market:

Departmental stores like Foshini, De Jagers, Sheet Street, etc. But none offers the same range under one roof.
Current Departments:
Biggest sales contributing departments are: Mens, Ladies, Linen.
Departments: Linen (Bed and Bath), Clothing (ladies, mens, swim, and sport), Sport (clothing and equipment), Shoes (Ladies, mens, sport), Luggage, Lighting, Jewelry, Swimwear, Toys & Games,

Reasons for selling:

The seller (founder) is retiring after 18 years in this business.

Trading hours:

Mo - Fri 09:00 - 17:00. Sat 09:00 - 13:00. Sun closed.

Employees:
3
Years established:
18

Other Information

Support & training:

4 weeks free.

Furniture / Fixtures value:
R500,000 - included in the asking price
Inventory / Stock value:
R1,200,000

Contact Information

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