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Well Established Popular Pet Shop In Bloemfontein For Sale

Bloemfontein, Free State, South Africa
Asking Price:
R3,000,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R2,453,000
Cash Flow:
R674,000

This business has been operating successfully for the past twenty-four years. It is the oldest established pet shop in Bloemfontein. They specialise in keeping and selling cold -, tropical - and marine fish, as well as all the related products such as tanks, filters, heaters, food, etc. as well as small animals (hamsters, mice, and bunnies) including all their necessities like cages, food, and bedding.

They deal in equipment for dogs & cats (food, play goods, beds, leads & collars, general medicine, etc.), for birds (cages, food, nests, general medicine, etc.), as well as for reptiles (cages, lights, heating pads, bark, etc.). A large part of their business includes building and installation of fish tanks for cold-, tropical- and saltwater systems, as well as filter systems for outdoor ponds. They have maintenance contracts with large corporate clients to service and maintain their ponds and tanks

Financial Info:
1. Mark up % - 100%
2. GP % - 50%
3. Annual average net profit - R674 000
4. ROI - 24%

Property Information

Real Estate:

Lease

Lease Terms:

Annually renewable

Leasehold Rent:

R312,000 per annum

Location:

Situated in the busy northern side of Bloemfontein. This is the only pet shop in the northern suburbs of Bloemfontein.

Premises Details:

The shop is located in a busy shopping complex

Size in square feet:
250 square metres

Business Operation

Expansion Potential:

Huge expansion potential regarding animals, reptiles, and marine fish.

Competition / Market:

No competition in the north of Bloemfontein

Reasons for selling:

The owner wants to retire

Trading hours:

Mon - Fri: 09h00 - 17h00
Sat: 09h00 - 17h00
Sun: Closed

Employees:
2
Years established:
24

Other Information

Support & training:

The current owner is willing to stay on for a couple of months to provide training.

Furniture / Fixtures value:
R500,000 - included in the asking price
Inventory / Stock value:
R300,000 - included in the asking price
Relocatable:
This business can be relocated.