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Esteemed Appliance, Homeware and Concept Store in Garden Route
R 15,000,000
Reason for Reporting
A highly successful and profitable appliance store in the Garden Route has become available. The company has an 18-year history of servicing the community and district at large.
They are well-located with a loyal customer base and a reputation for providing recognised brands. The store, considered a destination store, features a wide range of products and brands, including small and large appliances, fireplaces, homeware, and handpicked gifts, from contemporary to traditional.
The properties from which the business's retail store and warehouse are situated are also available.
Location: Garden Route, Western Cape
History: In business for over 18 years
Reason for sale: The owner is retiring
Inventory: +/- R 9000 000
Turnover: +/- R 51 000 000
Gross Profit: +/- R 15 000 000
Discretionary Income: +/- R 4 800 000
Selling Price: R 15 000 000 (excluding inventory)
Properties (optional):
Retail Store: R 12 540 000
Warehouse: R 6 460 000 (sub-divided rent received)
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