This leading community based Hardware Store and General Dealer is extremely well located far South of Johannesburg, in an area that is a thriving commercial, residential and leisure community. After being established in the area for eight years, this store still enjoys a loyal customer base with a very steady year-round trade and plenty of room for growth, as the surrounding area continues to expand. The business supplies any item that falls into the category of 'hardware' including bricks, cement and sand, as well as most items typically found in a so called 'general dealer', as well. The Sellers are the owners of the business as well as the building and property, all of which are to be sold together as a single transaction. This is a non-negotiable condition.
The shop is a member of the Essential Group which is a National Buying Group with over 350 members who all own 100% of their own businesses. However, being a member enables each store to get discounted wholesale prices and other value-adding business tools and training, for a small reasonable monthly fee. The business has no competition in the area and has achieved a reputation of always supplying excellent service, being extremely well stocked, as well as understanding their customers' needs, as far as the stock is concerned, and always delivering their orders on time, even when it is one of their customers that is +-50km away, which happens quite often!!
The business is very profitable, and is only being sold because of the owner's health issues. Nonetheless, it is being offered at a decent market related price, and is a good example of a business that will most certainly deliver an excellent ROI, and at the same time there will be no Landlord to worry about, as the building is part of the sale.
It is an opportunity that experienced hardware retailers cannot afford to miss!!
- Asking Price:
- R16,000,000 Furniture / Fixtures included
- Sales Revenue:
- Undisclosed
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Well located far south of Johannesburg in a commercial and residential area for the past 8 years, and still growing year-on-year.
- Premises Details:
-
The sellers own the business as well as the building and property, and wish to sell them all together in one transaction, which is a non-negotiable condition.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Owing to the fact that the new owners will own the building and the land, it will not be a problem to change the building and/or redesign the store.
- Competition / Market:
-
They have no competition nearby at all.
- Reasons for selling:
-
The sale is prompted solely by the owner's health considerations.
- Trading hours:
-
The store is open Mondays to Fridays from 7am to 4-30pm and Saturdays from 7-00am to 1pm. The store is closed on Sundays and Public Holidays.
- Employees:
- There is a Total of 7 Staff members, excluding the owners who both work in the business full time and do all their own admin work, which the new owners need to bear in mind, should they not wish to do this job themselves.
- Years established:
- The business is 8 years old.
Other Information
- Support & training:
-
All support and Training in the manner that the business is currently being run will be given by the present owners to the new owners for a period to be negotiated, depending on what experience the new owner/s have in the Hardware Industry.
- Furniture / Fixtures value:
- R5,300,000 - included in the asking price
- Inventory / Stock value:
- R4,500,000
