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?
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 %?
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?
Do you require a licence?
What are the main assets of the business?
Shop fittings Stock Computers Furniture
What is their overall condition?
How have they been valued ?
Are they presently insured?
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
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million