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This is an ideal opportunity to acquire a stand alone independent profitable suburban hardware/key cutting/locksmith/security and paint store based in central Gauteng.
Having been in operation for many years and owned by the current owners for 20 years + this business has proven that it could stand the test of time.
Located in a very busy city suburb and street with good visibility, the business sells products to a variety of clients, DIY enthusiasts and provide basic but also specialised key cutting and security services, the last that include a sizeble corporate base.
It is well known in the area and has built up a name for good service, competitive pricing and a range of products like electrical, plumbing, small tools, paints, locks, etc.
The business has a small complement of knowledgeable, hardworking and loyal staff and the owner is also involved in the day to day management of the store.
The business is VAT registered and trading as a CC which the buyer may want to take over if interested.
Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation) based on historical and signed off financial statements amounts to R502,901 SDE per annum or R41,908 per month.
The price of R1,490m excludes VAT(if applicable) but Includes stock to the value of about R395,000 and Movable Assets in a good condition of around R281,000 (including a vehicle) as a going concern.
The business offers a good ROI of 33.8%.
Sales, despite a slow down in economic activities have remained fairly strong year on year while maintaining very good margins.Sales are mostly cash cash including card sales and around 25% credit sales to corporate customers.
The reason for the sale is that the owner is well over retirement age and now wishes to retire.
The business has definite potential to grow further based on an excellent reputation built up over many years.
The business will suit someone who will work in the business with the help of very experienced and loyal staff. It is also an ideal business for an experienced locksmith to have an excellent located premises and also benifit from the sale of hardware items.
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