Furniture Factory & 3 Retail Outlets For Sale

Business description

This business is situated on the Cape Flats. It is highly profitable since 95% of all stock is maunfactured by the factory and then resold at the retail outlets thus cutting out the middleman. The retail oulets are situated in lower middle class areas. Reciepts are mainly cash. Currently manager run with very little owner supervision necessary. Well trained staff. Nets R65,500 per month. Price R1,300,000.

Property information

Location:

Cape flats and surrounds

Premises details:

4 Leases are in place.

Size in square feet:

Shops average 80 sqm

Other information

Expansion potential:

Aggressive marketing in the form of flyers and community newspaper adverts could increase retail sales. The factory is large enough to manufacture for wholesaling purposes. The built in cupboard and shopfitting service should be expanded since this division could generate much higher profits. The retail outlets presently stocks 90% of inhouse manufactured goods and if the range could be expanded by buying from other suppliers a more broader customer range could be attracted.

Competition / Market:

There are lots of competition in this sector but this business being a manufacturer as well as retailer has the edge when it comes to retail prices.

Support & training:

Owner will stay on for a month after handover.

Reasons for selling:

The owner is emigrating to the United Kingdom for business reasons.

Trading hours:

Monday to Saturday 830 am to 5pm.

Furniture / Fixtures value:

R226,000 (included in the asking price)

Inventory / Stock value:

R25,000 (included in the asking price)