This unique niche Seller of Custom designed Office Furniture was established in 2003 and is located in the East Rand. Their products, being mainly Office Furniture, are designs that are unique to their business, which of course has its own show room. An important feature of this business is that all their manufacturing is outsourced to expert producers. The result being that the company has very low overheads and a Staff compliment of 4 employees. They have over 50 active customers and 40% of their Turnover is generated from their Internet Sales. Included in the Sale are their 3 Delivery Vehicles as well as their property of 2100m2.
Their Turnover from March '21 to end August '21 was R5.5m, with a Net Profit of R1,150m before Owner's Drawings. It looks as though the Net Profit, before Owner's Drawings, for end February 2022 is going to be close to R1.9m, however, the Auditors have not quite yet completed the Financials for this year, so the exact figure is not yet available. The Price of the Property, (which is an optional purchase), is R5m, making a Total of R8, 500, 000-00, all Assets included. Therefore, without the property the purchase price will be R3.5m, inclusive of Stock to the value of R300, 000-00.
An excellent opportunity for a new energetic owner to continue the year on year growth, and an excellent Deal that should not to be missed!!
- Asking Price:
- R3,200,000 Furniture / Fixtures included
- Sales Revenue:
- Available on request
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Located in their own building, in the East Rand. The Purchase of the building is optional, with an asking price of R5m.
- Premises Details:
-
The size of their property is 2100m2.
Business Operation
- Expansion Potential:
-
There is enormous opportunity for a young energetic entrepreneur to increase their customer base, and especially their Online Sales, which is starting to become the way of the future. The present owners wishes to retire.
- Trading hours:
-
The business works 5 days a week from 8am to 5pm.
- Employees:
- They employ a Total of 4 Staff Members
- Years established:
- The business has been established for 18 years.
Other Information
- Support & training:
-
The present Owners will stay on for a period to be negotiated to train the new Owner as to how they run the business now.
- Furniture / Fixtures value:
- R500,000 - included in the asking price
- Inventory / Stock value:
- R300,000
