Price Range: From To

Paint & Hardware Store For Sale

R450,000

Business Description

This is a popular paint and hardware store located in a convenience centre in the Southern Suburbs. They service the local community with the every day paint and hardware requirements. They supply an extensive range of paint and hardware products.

The people in the area are used to having a paint and hardware store in this centre and it is the first place they go to for DIY and building requirements. The current owner took over the business 2 years ago and his other business interests currently restrict him from giving this business enough attention. The landlord will give a new lease to the new owner and the new owner can walk in and trade immediately. The purchase price includes the stock and offers great value to a buyer who wants to get operationally involved in managing this profitable, easy to run business.

 

Business Details

  • Property ID: JT-254
  • Price: R450,000
  • Turnover: R823k
  • Actual Profit/Year: R337k
  • Turnover range: R750k - R900k
  • Profit range: R250k - R400k

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owner has other business interests
  • Business history: There has been a hardware store in this centre from the 80’s
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: +/- 90m2
  • Rent & lease terms: R10 000 per month including water / 3 year renewable lease
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: +/- R60 000
  • Stock included in sale: Yes
  • Value of stock: +/- R200 000 (included in the price)
  • GENERAL COMPANY INFO:

  • Employees: The owner is personally involved in the business and he employs one more shop assistant.
  • Trading hours: Monday to Friday (8am to 5:30pm). Saturdays 8:30am to 2:00pm. And every alternative Sunday from 9:am to 12:30pm
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Southern Suburbs
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Johan Taljaard
    0837975678
    Facebook Twitter Linkedin

    Inquire about this business listing