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Established Furniture Retail Store In Samrand Business Park, Centurion For Sale

Centurion, Gauteng, South Africa
Asking Price:
R6,000,000
Sales Revenue:
R24,000,000
Cash Flow:
R1,000,000

Well known and established furniture retail outlet has been in operation since 2015 and has a large stockholding of various types of leather lounge suites. The business has a strong strong social media presence on Instagram and Facebook, which has helped to build a loyal customer base and an increase brand awareness. The store is located in a busy area with high passing by traffic and ample parking.
Reason for Sale:
The current owner is looking to retire and is seeking new owner to take over business
Opportunities for Growth:
-Expand the product range, Increase the Marketing Efforts to reach a wider audience, Develop an online store to increase sales and reach customers outside the local area

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

Property Information

Real Estate:

Lease

Lease Terms:

5 - 10 years lease

Leasehold Rent:

R276,000 per annum

Living Accommodation:

None

Location:

Storit Building
Samrand Business Park
Centurion

Premises Details:

Storit Building
Warehouse B&C
Samrand Business Park
Centurion

Size in square feet:
1200sqm

Business Operation

Expansion Potential:

Growing our Import product range further, Franchising our store in other provinces, creating our own app store

Competition / Market:

Sedgars Furniture
Essops Furniture
Ashley Furniture

Reasons for selling:

ill health

Trading hours:

Monday - Sunday
9am - 5pm

Employees:
10
Years established:
2015

Other Information

Furniture / Fixtures value:
R300,000
Inventory / Stock value:
R10,000,000
Related Documents: