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Independent Furniture Store Randburg Retail
Randpark Ridge, Gauteng - South Africa

Independent Furniture Store Randburg Retail Randpark Ridge, Gauteng - South Africa

Available: 3 yrs, 7 ms ago
Contact: Broker Jason Kennedy
0617927640
0116752184

Account Name: Sharmane Majendie Kennedy
User Since: 20/02/16
Ads Published: 39
Ads Active: 20 (View ads)
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Independent Furniture Store Randburg Retail Randpark Ridge, Gauteng - South Africa

Description

INDEPENDENT FURNITURE STORE - RANDBURG
URGENT SALE

Summary:
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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