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Well-Established Antique Collectible Shop In Hermanus For Sale

Hermanus, Western Cape, South Africa
Asking Price:
R4,900,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R2,300,000
Cash Flow:
R500,000

Romantiques is a one-of-a-kind vintage collectibles store, consisting of 15 rooms of items, situated in Hermanus. It was started in 2006 but rapidly outgrew its original premises and in 2011 moved to its current location at 14 Aberdeen Street. From humble beginnings, it has developed into a landmark shop in Hermanus and in the country, with customers travelling from far and wide to browse the wide selection of stock available. It is not just a business selling antiques and collectibles; it is a living museum in the very heart of Hermanus.

The new owners, since 2021, while leaving the essence of the Romantiques experience unchanged, now offer card facilities and online purchases.

Romantiques has a vast range of items on display and for sale, from military memorabilia to vintage toys, from china to period clothing and everything in between. In addition it boasts plenty of on-site parking, an intimate old-world theatre and a coffee shop in an attractive garden setting.
Not only does Romantiques sell unique products, but they also hold events like Movie Nights, Themed Movie Nights, Dinner Movie Nights and Murder Mysteries.
See the PDF attached for a detailed description of Romantiques' business model as well as growth potential and calculation of business value.

Property Information

Real Estate:

Lease

Lease Terms:

6 years - renewable. Very strong lease agreement in favour of tenant.

Location:

Located in Aberdeen Street - one of the most historical streets in central Hermanus.

Premises Details:

The shop consists of 15 rooms which form specific sections in the Shop. Its has a kitchen, toilets and a 28 seat theater. A large private parking area that can take up to 10 cars.

Size in square feet:
1400sqm of land and approx, 750sqm building
Planning Consent:

Yes landlord has agreed to the plan that has been approved for the Pub Extention

Business Operation

Expansion Potential:

Romantiques as can be seen in the detailed PDF document attached has HUGE growth potential. Plans have been approved for the building of a Military pub. When this pub is open Romantiques can hold more of its specialized events like Movie Nights and Murder Mysteries. It also has massive growth potential for online sales.

Competition / Market:

There is no shop in Hermanus that competes with Romantiques.

Reasons for selling:

The seller wants to sell because he wants to semi-retire and has grandchildren in Zambia that he wants to visit, however he would totally assist new owners for as long as necessary. The admin staff lady, who is her weight in gold, wants to remain and has vast knowledge of the Business. The seller would want to continue as a potential supplier of treasures that he might locate in his travels to Southern Africa.

Trading hours:

Mon to Fri - 9am to 5pm
Sat - 9am to 3pm
Sun - Closed
May June and July
Mon to Fri - 9am to 4pm
Sat - 9am to 3pm
Sun - Closed

Employees:
3
Years established:
19 years

Other Information

Support & training:

The seller wants to sell because he wants to semi-retire and has grandchildren in Zambia that he wants to visit, however he would totally assist new owners for as long as necessary. The admin staff lady, who is her weight in gold, wants to remain and has vast knowledge of the Business. The seller would want to continue as a potential supplier of treasures that he might locate in his travels to Southern Africa.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Yes!! lets talk.

Furniture / Fixtures value:
R1,000,000 - included in the asking price
Inventory / Stock value:
R4,900,000 - included in the asking price
Related Documents: