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Retail Sports Shop In Port Alfred For Sale

Port Alfred, Eastern Cape, South Africa
Asking Price:
R1,200,000
Sales Revenue:
R4,813,081
Cash Flow:
R3,059,775

This well-supported profitable sports shop was established in 2005 and is ideally situated in a recently revamped shopping mall in the centre of Port Alfred with ample parking.

The business is operated from 274 sqm of leased premises and the 3-year lease expires in July 2021 with an option to renew for a further 3 years.

The store is well stocked with most sporting equipment as well as local school uniforms and other related school and corporate clothing. The business is very popular, busy and it has limited competition.

The owner is actively involved on a day to day basis and is well supported by four permanent competent staff.

Property Information

Real Estate:

Lease

Location:

Recently revamped Mall, in the centre of town.

Premises Details:

274m2 - Leased Premises

Size in square feet:
274 sqm

Business Operation

Expansion Potential:

Broaden base for uniforms for various companies through the sale of Barrons Clothing.

New opportunities to engage other schools with uniforms and equipment.

This business continues to grow from strength to strength with ongoing annual increases in both turnover and profitability.

Competition / Market:

Competition is very limited.

Reasons for selling:

The owner is intends to relocate.

Trading hours:

Mon – Fri: 9:00 – 17:00
Sat: 8:30 – 13:00
Sun: 9:30 – 12:00

Employees:
There are four permanent contracted staff employed.
Years established:
14 Years 5 Months

Other Information

Inventory / Stock value:
R2,300,000

Contact Information

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