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Retail Business in the building industry for sale in the Garden Route

R 1,760,000

Property Description

Retail Business in the building industry for sale in the Garden Route

It has been established for many years in the building industry with decades of trained and professional staff. With declining health, the Owner has recently decided it is time for someone else to take on the management duties.
The retailer is part of a franchise group, which has support systems in place. Retail experience is not required, but it would be beneficial.
Turnovers of +- R8 to R10 million can be expected with an ROI of 26% & R 446 234 profit before owners withdrawals/ takings.
Assets to the value of R 580 000 are included in the asking price, but stock to the value of R1.2 mil is excluded. We would recommend an additional cash flow of approximately R 600 000.
Contracts are already in place, with the possibility of growth through well-managed staff.
There is also the chance to expand into other markets & brands. There are no limits to what you can accomplish.
We’re living in e-commerce times, so when online shopping launches within a few weeks, sales will be boosted even more.

Property Id : 2073
Price: R 1,760,000

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Trevor Young – [MACYOUNG] BComm(LAW)