R950k NP pa off a steady R3m pa turnover, with Vendor number.
1 Vehicle under finance/expenses.
+20 years of importing low-cost quick-moving products, which are supplied to a major Retailer within the KZN region), independent stores, agents, Gallagher Trade Show.
The relationship with the major Retailer (at Head Office level, in respect of KZN stores), is based on the allocated Vendor number & delivery/service, which may be expanded should a buyer have greater cashflow capabilities than the Seller.
Products are non-perishable.
Stock requirements will move between quiet months of R350k to Xmas/Easter of R600k, with an extra R300k in Debtors.
- Asking Price:
- R1,650,000
- Sales Revenue:
- R3,000,000
- Cash Flow:
- R950,000
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business is operated from the Sellers home in the Outer-West area of Durban – inclusive of a small office (25m2), while stock is held in 2 garages – for which a rental cost has been provided within this Report.
Business Operation
- Competition / Market:
-
While there may be many competitive product lines in the marketplace, the barriers to entry into these retail stores are difficult and extremely time-consuming. Many suppliers have tried… and failed. This service niche and trust has been built over 20 years. The products, while low cost, are of good quality, good value & sell regularly.
- Reasons for selling:
-
He has personal debt that needs to be liquidated, which he will use the sale for, while being willing to work for the new owner if he wants such; otherwise a restraint of trade will be signed.
- Trading hours:
-
M-F 7-17H00
- Employees:
- 2
- Years established:
- 20
Other Information
- Support & training:
-
Owner will assist in all regards or stay-on if required
- Home based:
- This business can be run from home.
- Relocatable:
- This business can be relocated.
