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Profitable Independent DVD Rental Business In Cape Town For Sale

Cape Town - Southern Suburbs, Western Cape, South Africa
Asking Price:
R250,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R850,000
Cash Flow:
Not applicable

Now priced to go!

This newly renovated manager-run DVD rental store serves a loyal customer base of young families and retirees. The shop was purchased and rebranded in 2008. It is located in an upmarket popular shopping centre near a school in the Southern Suburbs. The manager overseas the day-to-day activities as well as the friendly staff who have been all there for 3+ years.

The shop has recently obtained the majority of the DVD Nouveau back catalogue to specialise in a larger variety of foreign and British content. However, we pride ourselves on having the best family section and most complete series catalogue in Cape Town. The shop gets the latest releases each week. It currently has 14000 discs in the shop and about 8000 discs in storage. The entire shop collection is conservatively worth an estimated R330000.

Being well-run and having a diverse selection, means the shop has remained one of the last leading DVD Stores in Cape Town. We have an activity customer base of 2000 monthly visitors and a gross turnover of just over R850000 for the 2019 calendar year.

I have recently secured a further three year lease with a R91000 security deposit. There is a small inverter that powers the computers and card machines during load shedding. So, the shop is still open for business when the lights go out. There are no loans against the business.

I am looking for a cash sale of R250000. The reason for the sale, is that my second business is starting to take up my more of time. If you love the movies, like I do, this is the perfect low-stress business for you.

* Gross Turnover: ± R850000 p.a.
* Stock Value: ± R330000
* Lease Deposit: R91000
* Price: R250000

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Lease

Lease Terms:

It is a new three year lease with a R91000 security deposit.

Leasehold Rent:

R310,000 per annum

Location:

An upmarket shopping centre near a school

Size in square feet:
905

Business Operation

Expansion Potential:

There is opportunity to specialise further and host events to create more business.

Competition / Market:

Nearest competition is several suburbs away and unlikely to be anymore competition.

Reasons for selling:

My second business is starting to take up my more of time.

Trading hours:

7 days a week from 09:00 until 21:00

Employees:
5
Years established:
2008

Other Information

Support & training:

The manager understands the shop inside out, and the current owner will provide support in the handover process.

Furniture / Fixtures value:
R10,000 - included in the asking price
Inventory / Stock value:
R330,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Information

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