"About this Business: This very successful hardware store is centrally located and specialises in the supply of Hardware and Paints for both domestic and commercial use.
History: This business was established more than 6 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 in the last 2 years. By extending the existing product ranges you will have an immediate effect on the Turnover.
Figures: Annual revenue around R5,6m, delivering earnings around R420k (EBIT)
Contract: To be discussed with qualified applicants
Assets: The assets is valued at R700,500. (58% asset value!)
Inventory: Valued circa R1,4 mil at cost ex VAT. Not included in listing price.
Reason for Selling: New Ventures
Selling Price: R1,2m ex VAT, excluding stock in trade.
ROI: 35% "
