Retail Furniture store
This is a very well-known furniture retailer established for over 20 years, located in a main road position in the northern suburbs, stocking a wide range of furniture with loyal local customer’s stretching as far as the Transkei, with an excellent supplier base and great profit margins, easy to manage, very few staff and very profitable. Nets R75, 000 per month, Price: R2, 300, 000, which includes stock of R550, 000, with growth opportunities. The current owner is reluctantly selling due to ill health.
- Asking Price:
- R2,300,000 Inventory / Stock included
- Sales Revenue:
- R3,600,000
- Cash Flow:
- R900,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Negotiable
- Leasehold Rent:
-
R480,000 per annum
- Living Accommodation:
-
No
- Location:
-
Main road position northern suburbs
- Premises Details:
-
Rented street front.
- Size in square feet:
- 400 m2
- Planning Consent:
-
N/A
Business Operation
- Expansion Potential:
-
Yes for hands on operator
- Competition / Market:
-
Very Little
- Reasons for selling:
-
Reluctantly selling due to ill health
- Trading hours:
-
Normal retail hours
- Employees:
- 3
- Years established:
- 20
