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Very Lucrative And Well Managed Business In Margate For Sale

Margate, KwaZulu - Natal, South Africa
Asking Price:
R5,800,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R10,060,000
Cash Flow:
R2,500,000

The most trusted name in second-hand and pawnbroking on the South Coast with more than 20 years of active in the second-hand dealers and pawnshop trade by the same owners.

The business consists of 5 separate shops and has to be sold as a whole.

There are three second-hand and pawnbroking shops, one antique shop and one new furniture shop.

This highly profitable business is an excellent opportunity for a family to explore.

The manner in which the business is conducted needs at least two persons to manage the day-to-day activities hands-on.

This is the recipe for the success of this business.

Property Information

Real Estate:

Lease

Lease Terms:

Five lease contracts in place. There will no issues to transfer the contracts to the new owners

Leasehold Rent:

R1,343,600 per annum

Location:

South Coast of KZN

Premises Details:

Five premises under lease contracts

Business Operation

Expansion Potential:

Expansion potential exist to other town close by.

Competition / Market:

No competition

Reasons for selling:

Owner wants to retire because of ill health.

Trading hours:

Monday to Friday - 8h00-17h00
Saturday - 8h00-13h00
Sunday closed

Employees:
25
Years established:
20

Other Information

Support & training:

Three months training will be available.

Financing available:

No financing is available. Needs to be a cash deal.

Furniture / Fixtures value:
R200,000 - included in the asking price
Inventory / Stock value:
R2,000,000 - included in the asking price