Opportunity to acquire an established men's formal retail business, including current saleable stock and store assets in Randburg, Johannesburg. This is an established business with a great store location. The business offers both suit hire and suit retail and has delivered a positive contribution after only 4 months of trade.
- Asking Price:
- R480,000 Furniture / Fixtures and Inventory / Stock included
- Turnover:
- R500K - R1.5M
- Net Profit:
- Under R100K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
3 years
- Leasehold Rent:
-
R180,000 per annum
- Location:
-
Mall based store, overlooking a busy main road.
- Premises Details:
-
Store is located at the front entrance of the mall
- Size in square feet:
- 460
- Planning Consent:
-
na
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
This concept can be rolled out to other locations
- Competition / Market:
-
Its the only value suit location in the mall.
- Reasons for selling:
-
Owner will be taking up a corporate role in Pinetown.
- Trading hours:
-
9 to 6pm Mon to Fri
Sat - 9 to 4pm
Sunday/ public holidays - 9 to 2pm
- Employees:
- 0
- Years established:
- 5 in Durban, under 1 year in Johannesburg
Other Information
- Support & training:
-
Seller will provide full support and training
- Furniture / Fixtures value:
- R67,000 - included in the asking price
- Inventory / Stock value:
- R320,000 - included in the asking price
