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Well Established Thrift Store In Ballito Central For Sale

Ballito, KwaZulu - Natal, South Africa
Asking Price:
R650,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1.5M - R3M
Cash Flow:
R100K - R500K

Thrift Store for Sale.

Business opportunities are available in Ballito, KwaDukuza North Coast.

We are in a busy part of Ballito, very central on a busy road outside the entrance to a school, so have loads of traffic passing our shop every day all day.

We are also 3km from a taxi rank and surrounded by large estates like Zimbali, Simbithi, Brettenwood and Dunkirk ensuring quality stock.

There are also plenty of new developments going up around us like Ballito Hills, Ballito Village and Zimbali Lakes, many of these developments furnish their apartments with stock from our shop.

We currently rent 2 shops which are retail shops that we have occupied for the past 13 years and are very well known.

All the shops are fully functional with shelves, computers, phones, internet, selling stock, etc. We also rent a storage unit for overflow stock which we advertise and sell on our online platforms.

We have a Facebook page with more than 1300 followers, which is growing daily, and an Instagram account with more than 450 followers, which is new and is also growing quite nicely.

We also use WhatsApp; we advertise on all our local 2nd hand item pages.

We also advertise at The Whoo magazine which generates nice business from a buying and selling perspective.

It is difficult to stock take a second-hand shop as we have so many items and the rotation of stock the whole time, we estimate the stock value is about R800 000.

Fixed assets like shelving etc. valued at R220000.

Property Information

Real Estate:

Lease

Lease Terms:

Currently Month to Month, a long term lease can be signed.

Leasehold Rent:

R328,000 per annum

Location:

We are in a busy part of Ballito, very central on a busy road outside the entrance to a school, so have loads of traffic passing our shop everyday all day. We are also 3km from a taxi rank and surrounded by large estates like Zimbali, Simbithi, Brettenwood and Dunkirk ensuring quality stock. There are also plenty new developments going up around us like Ballito Hills, Ballito Village and Zimbali Lakes, many of these developments furnish their apartments with stock from our shop.

Premises Details:

We currently rent 2 shops which are retail shops that we have occupied for the past 13 years and are very well known. All the shops are fully functional with shelves, computers, phones, internet, selling stock, cameras etc. We also rent a storage unit for overflow stock which we advertise and sell on our online platforms.

Business Operation

Expansion Potential:

New owner could get involved in furniture restoration, house moves or even setup an online store or online auction.

Competition / Market:

Being in the 2nd hand / Thrift environment, we are all pretty unique in our own way. There are 3 Thrift stores on the North Coast, but we are the only one in central Ballito.

Reasons for selling:

We have a Guest House that requires more of our time.

Trading hours:

Mon-Fri : 08:00-17:00
Sat : 08:00 - 14:00

Employees:
5
Years established:
13

Other Information

Support & training:

System's training of how it works.
A quick explanatory of the workshop repairs.
Handing over of accounts: Facebook page / Facebook Group / Google account / Online account.
Handing over of Yoco machines.

Furniture / Fixtures value:
R220,000 - included in the asking price
Inventory / Stock value:
R800,000 - included in the asking price
Relocatable:
This business can be relocated.