Busy Aquatic Pet Shop For Sale

Business description

Well established Aquatic Pets and Plants Shop for sale at entrance to very busy Shopping Mall. Trading licence allows for business to diversify more and expand product and service offering including, garden and home products, saddlery, fish tank maintenance and installations and servicing, garden pond installations and maintenance, installations, water features etc. Take ownership and operate this successful business which has been established for the past seven years. Take note - this business is currently run by a Manager. Should the new Owner manage the business themselves, then it is reasonable that the profits could be increased by an extra R100,000 p.a. resulting in a business net profit of R320,000 p.a.

Property information

Real Estate:

Lease

Lease terms:

3 years remaining on existing 5 year lease which has been renewed.

Location:

Situated at the entrance to one of the busiest Shopping Malls in Port Elizabeth with very high foot traffic.

Other information

Expansion potential:

Plants and containers recently added to provide products to existing and wider client base.

Support & training:

Seller willing to assist new Owner for 1 month

Reasons for selling:

The Seller has other business interests and this is a managed store. Even higher profits should be realised if the store is Owner managed and products and services expanded and diversified.

Trading hours:

6 and half days a week

Financing available:

Seller may consider assisting Buyers with finance.

Furniture / Fixtures value:

R148,000 (included in the asking price)

Inventory / Stock value:

R160,000 (included in the asking price)

Related documents:

• 
• Confidentiality Agreement