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Established Party Shop In The Heart Of Sea Point, Cape Town For Sale

Cape Town - Atlantic Seaboard, Western Cape, South Africa
Asking Price:
R3,500,000 Inventory / Stock included
Sales Revenue:
R4,500,000
Cash Flow:
R400,000

This is the only party shop on the Atlantic Seaboard and has been operating for 12 years. It has an established retail and corporate market and has been an essential part of the party and events industry in the greater Cape Town area. Customers have come to rely on the business for all their needs.

The business sells party goods and has an extensive stockholding of rental outfits and costumes. Balloon deliveries and specialized installations make up another big part of the operations. In its 12 years of operation, the brand has become a household name. The owner has decided to focus her talents in other areas of interest.

Property Information

Real Estate:

Lease

Leasehold Rent:

R421,000 per annum

Location:

Situated in Main Road Sea Point in Cape Town

Premises Details:

The shop is located in the best part of Sea Point on the Bantry Bay side of Main Road, and is surrounded by all the prime destinations in the area, including Woolworths, Spar, Checkers.

Size in square feet:
92m2

Business Operation

Expansion Potential:

ECommerce
Establish other stores

Competition / Market:

No competition in the area

Reasons for selling:

The owner is looking at other non-related business opportunities

Trading hours:

Monday - Friday 9.30 - 6pm
Saturday: 9am to 3pm
Sunday: 9am to 12pm

Employees:
3
Years established:
12

Other Information

Support & training:

The owner will train the buyer on all aspects of the business

Furniture / Fixtures value:
R300,000
Inventory / Stock value:
R900,000 - included in the asking price
Relocatable:
This business can be relocated.