Profitable established family-owned business operating since 1966 for sale in East London. Owners wishing to retire. The business has the agency for Makita and Stihl products with onsite workshop support. Known for supplying quality tools and products the business is supported both locally and towns within a 200 km radius. Situated in the heart of the city the business enjoys a healthy cash trade as well as support from local industry.
The owners wish to sell lock, stock and barrel (building, stock and assets).
Consider moving away from the rat-race to our coastal city and run your own show!
- Asking Price:
- R15M - R100M Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- R15M - R100M
- Cash Flow:
- R500K - R1.5M
Property Information
- Real Estate:
-
Real Property Included
- Living Accommodation:
-
N/A
- Location:
-
Located in the heart of the CBD, we enjoy passing trade from the surrounding areas. Most of our business is cash trade especially Stihl products. Buyers from the informal sector commute to the CBD and make purchases and return home.
- Premises Details:
-
The ground floor of the building houses sales and admin consisting of a showroom and stock rooms and offices. The upper floor has goods dispatch and receiving, a bulk store and the two workshops.
- Size in square feet:
- 607 sq m
Business Operation
- Expansion Potential:
-
Sub-dealers are an opportunity as well as partnerships with existing stores in the surrounding towns.
- Competition / Market:
-
There are two Stihl dealers competing in this field in the city. Service and price are the main drivers to stay ahead.
- Reasons for selling:
-
Current owners are past retirement age and wish to retire.
- Trading hours:
-
07:45 to 17:00 Mon - Frid and 07:45 to 12:00 Sat
- Employees:
- 15
- Years established:
- 58 years
Other Information
- Support & training:
-
Onsite training as well as virtual training from Stihl
- Furniture / Fixtures value:
- R300,000 - included in the asking price
- Inventory / Stock value:
- R4,500,000 - included in the asking price
