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Annual turnover

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  • Mandate: 34819
  • Added: 22 Jul 2021
  • AFS
  • 471

Bedding business in upmarket retail centres

Gauteng, Johannesburg
471
Mandate 34819
Added 22 Jul 2021
R 1,200,000* ZAR
Stock: R 400,000
Assets: R 0
Bill Tweedie
(PRINCIPAL)
Aldes Bedfordview
Gauteng, Edenvale
Gauteng, Edenvale
Summary

Retail store set up for bedding products

SELLING PRICE AFS
R 1,200,000* ZAR
Stock: R400,000
Assets: R0
Summary

Retail store set up for bedding products

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Fully describe the business's activities?
Bedding retail business for sale for the value of the shop fittings plus stock (set up costs). 2 x retail stores in upmarket shopping centres, currently selling upmarket beds, mattresses, furniture, medical supports and orthopedic pet beds, New owner also has the option to use the brand name of the store. Current turnover in Bedfordview store - R250k per month. New store yet to establish a track record

How long has the business been established?
One store has been open for 3 years (Bedfordview), the other is newly opened (Kyalami).

How long has the owner had the business?
3 years

Are they on contract?
Opportunity exists to take over existing staff

When does the current lease end?
One store has 7 months remaining (Kyalami), the other has 2 months remaining (Bedfordview).

Is there an option of renewal & what period?
Yes - negotiation with landlords

What is the annual escalation %?
Negotiable

What are the trading hours?
Mon to Fri 9h00 to 18h00 Sat 9h00 to 17h00 Sun 9h00 to 15h00

What is the square meters of the business?
Store 1 - 170 square meters Store 2 - 110 square meters

Is a copy of the lease available?
Yes

Do you require a licence?
No

What are the main assets of the business?
Shop fittings Stock Computers Furniture

What is their overall condition?
Good

How have they been valued ?
Owners valuation

Are they presently insured?
Yes

What is the reason for the sale?
Owner wishes to emigrate

Why is this a good business?
Shop fittings already in place and new owner can just move in. Stock is available for sale as well as strong relationships with current factory suppliers if similar business is to be pursued. Not being sold as a going concern, but rather as a store ready to trade

What is the price plus stock and the profit?
Shop fittings and other assets R400 000 per store Stock R200 000 per store Total price R600 000 per store

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AGENCY DETAILS

Aldes Bedfordview

1 members
5 mandates
Gauteng , Edenvale
6 Putter Lane, Glendower Golf Estate, Marais Street, Dowerglen x 8, 1609
Edenvale

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