This 40 year old business is still owned by the originally owner, quite unique and very well established in the industry. They import mainly form Italy and supply wholesale to all the Chain Stores and Jewellery Retailers, aside from selling online as well. Their range of products includes Bangles, Earrings, Fashion and Charm Bracelets, as well as Anklets, Chains and Neckwear, to name a few. They have their own Website as well as selling on platforms such as Shopify, and also export to the SADC Countries. The business is very cash generative, however, after 40 years in business there is still lots of room for growth, especially by increasing and concentrating on the online sales, which is still fairly new to their operation. Although the owner wishes to retire, he is still passionate about his business, and has instilled his passion in his small group of efficient staff members, most of whom have been with him for many years.
The owner wishes to retire, and this creates an excellent opportunity for a new owner to take over this lovely well run business and take it to the next level on all fronts, from the wholesale business to the retail side of the business, and of course most importantly, the online sales which know no boundaries. A brilliant and unique opportunity indeed.
- Asking Price:
- R1,000,000 Furniture / Fixtures included
- Sales Revenue:
- Undisclosed
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Location:
-
Located in the northern suburbs of Johannesburg in an office block.
- Premises Details:
-
The premises are well set out with a showroom area, near the reception area, and good electronic security gates controlled by the receptionist.
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
The owner wishes to retire.
- Trading hours:
-
Mondays to Thursdays: 7-45 to 12-30; 1pm to 4pm and Fridays 8am to 12-30pm; 1-15pm to 4pm. closed over the weekends.
- Employees:
- There are 6 employees in total.
- Years established:
- The owner has had the business for the past 40 years.
Other Information
- Support & training:
-
The owner will stay on for a period to be negotiated to train the new owner on how he runs the business now.
- Furniture / Fixtures value:
- R500,000 - included in the asking price
- Inventory / Stock value:
- R3,400,000
- Relocatable:
- This business can be relocated
