INDEPENDENT FURNITURE STORE - RANDBURG
One of the last independent furniture stores in South Africa, opened and operated by the current Owner in October 2015, after 30 years in the Corporate furniture industry. Situated in a very prime strip mall, that has a large amount of foot traffic and very regular local clientele. The business has a magnificent showroom 430 m2 and a neighboring/ inter-linked Bedroom showroom of 88 m2.
• Location: Randburg
• Year Established: 2015 by Current Owner
• Number of Employees: 1 Full time and 1 casual
• Hours of Operation: Mon to Fri – 10:00 – 18:00 and Sat 10:00 – 15:00 Sun trading is optional.
• Number of Stores in Centre: 25
• Lease Term: Expires June 2017. Under negotiation now
• Basic Monthly Rental: R76,000.00 inclusive of VAT, gas, municipal, etc.
• Movable Asset Value: R150,000.00
• Stock Value: +- R700,000.00
• Annual Escalation of leases: 7%
• Average Monthly Turnover: R140,354.33
• Average Monthly Expenses: R87,000.00
• Average Monthly Net Profit before Tax: R13,354.33
• Asking Price: R500,000.00 excluding stock.
• Reason for selling: Owner is forced to sell due to ill health
Store Size: 430 m2 Furniture showroom and 88 m2 Bed showroom
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