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MACYOUNG: ARTS & CRAFT SUPPLY SHOP

R 670,000
Deal of the Week

Overview

Property Description

About this Business:
One of the very best Art & Craft Supply Stores on the Garden Route.
Stocked to the rafters, this shop has supplies for every craft, as well as stationary and exclusive gifts.
Prominent position on a main street with ample parking.

 

History: From humble beginnings in 2013, the business grew every year by building a community of loyal clients through offering good service, good prices and a relaxed atmosphere.

 

Staff: The business is owner run, with 2 staff.

 

Scalability & Opportunity: With the ever-increasing growth of the Greater Mossel Bay area as a semigration and retirement hot spot, the client base of this business just keeps growing. There is opportunity to offer workshops and classes to grow the client base even further.

 

Figures: Over the past 12 months: R1 m Revenue, Net Profit of R133k

 

Assets: Shop fittings to the value of R 350 k included in the sale.
R1m in stock form part of the sale, with an additional R1m in stock available on consignment.

 

Reason for Selling: The owner is retiring.

 

Selling Price: R670 k Plus R1 m in stock.

 

ROI: 20%

Other Features
Premises Leased
Property Id : 3333
Price: R 670,000

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Deon Kriel [MacYoung] – BComm