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Picture Framing And Gallery In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R300,000 Furniture / Fixtures included
Sales Revenue:
R848,000
Cash Flow:
R242,000

SOLD 26 April 2021 by Cliff Bell of ALDES

Price Drop to R300 000 (excl stock), on a Net Profit of R242 000 pa, off a turnover of R848 000 pa (both these figures are approximately mid of the previous two years results - indicating a business with relatively stable results ).
Well known long established shop in a shopping centre - operated by owner.
The owner or stand-in assistant (part-time) take calls or attends to walk-in clientele, in respect of paintings, framing, mirrors, etc. There are stock & consignment paintings/mirrors, while desired frames for the clients own paintings, pictures, or mirrors can be chosen from the stock samples. Thereafter the full-time framer builds up the frame if required, in a back room, utilising the work table, frame cutter, & staple crimper. Clients pay by cash or card, with no debtors.
30m2 glass fronted shop, with a 10m2 rear workshop, within a well placed strip shopping centre at some R14 730 pm incl VAT, elect, water, & share of operational costs.
Opportunities:
1. One has already just presented itself - which was the closure a close competitor during April 2020.
2. Develop a website/ social media
3. Approach local businesses in respect of awards/ certificates / decorative pictures....
4. Combine this business with an interior decorating opportunity for vertical opportunities

Property Information

Real Estate:

Lease

Business Operation

Reasons for selling:

Emigrating

Employees:
Full time Framer & part time sales assistant
Years established:
36 yrs

Other Information

Relocatable:
This business can be relocated.

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