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Lucrative Boat Shop In Cape Town For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R1,200,000 Inventory / Stock included
Sales Revenue:
R2,700,000
Cash Flow:
R100K - R500K

Very lucritive boatshop for sale. Daily tasks include buying, revamping and then selling second hand outboard motors. Servicing and fixing of oatboard motors and boats.
There is a lot of room for expansion. For instance, the shop does not really sell spare parts at the moment and also don't focus on services that much. Just to much work with revamping of the outboard motors. The shop can be relocated without having an effect on sales. The shop has been running for around 10 years and it easily survived covid.
Overheads are very low which takes away a lot of stress.
All stock, tools, machinery and a double cab nissan ldv are included in the sale.
Assistance for at least a month will be on offer with the take over.

Reason for selling is health and it is time for pension.

Property Information

Real Estate:

Lease

Lease Terms:

There are no lease terms. You pay, you stay.

Leasehold Rent:

R28,000 per annum

Location:

Gordon's bay, Cape town

Premises Details:

The premises is leased at a very low cost. Electricity is prepaid.

Business Operation

Expansion Potential:

Selling of spare parts.
Expanding the range of new outboard motors.
Doing more servicing of boats and outboard motors.

Competition / Market:

We did create a bit of a niche market by selling revamped outboard motors. The nice thing about this industry is that all competition works together.

Reasons for selling:

Health and retirement.

Trading hours:

Monday to friday 8h00 to 17h00
Saturday 8h00 to 12h00

Employees:
2
Years established:
10

Other Information

Support & training:

At least 1 month support and training.

Furniture / Fixtures value:
R100,000
Inventory / Stock value:
R500,000 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.