Property Description: Hardware Giant in the Garden Route
About this Business: This successful hardware store is very well located and specialises in the supply of Hardware, Paints, Tools and Building Supplies for both domestic and commercial use.
History: This branch (1 of 3) was established approximately 1 years ago and operate profitably. This branch is part of a franchise family that has more than 70 years’ experience and deem themselves specialists in their field.
Staff: All staff members are skilled and managed by the store manager. The current owner of this establishment is involved with the top tier management of this going concern whilst the store manager takes care of the day to day duties.
Scalability: This business is extremely scalable as no marketing or advertising has been done proactively. Employing a Sales Executive to call on the Building Industry would be ideal. Extending the existing product ranges will have an immediate effect on the Turnover.
Figures: Annual revenue around R8,6m
Vendors: To be discussed with qualified applicants
Assets: The assets is valued at R1,866,665 and included in the listing price.
Inventory: Valued circa R5,3 mil at cost ex VAT. The inventory is included in the listing price.
Reason for Selling: Immigration
Selling Price: R8,8m excluding VAT
