About this Business: This very successful DIY store is exceptionally well located with extremely loyal clientele. Your DIY enthusiast are frequent returning clientele and well known to the staff in place.
History: This business was established more than 4 years ago and operates very profitably. This branch is part of a franchise family that has more than 70 years’ experience and deem themselves specialists in their field.
Staff: The very loyal staff members are skilled and includes a 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 is a well-oiled engine but with new owners and a new vision this business could expand on the current offering.
Figures: Annual revenue around R4,6m, delivering earnings around R503k (EBIT)
Assets: The assets is valued at R546,500. (45% asset value!)
Inventory: Valued circa R1,4 mil at cost ex VAT. Not included in listing price.
Reason for Selling: New Ventures
Selling Price: R1,195,000 ex VAT, excluding stock in trade.
ROI: 41%
