Durban Second Hand Store For All Babys Needs For Sale

Business description

A long established, reputable 2nd hand baby store west of the CBD with no competition in the greater Durban area. Buys and sells baby equipment, furniture, prams, car seats, cots, toys, clothing etc. Also hires out equipment and offers a cleaning service. Opportunity to duplicate the idea/stores elsewhere/franchise.

Keys are held by salesladies who work on a roster basis. Besides the owner only one other saleslady has responsibility for cashing up. The owner does all the buying and pricing of merchandise, the daily accounts and calls on customers.

The business' reputation for value for money and service after 23 years in the same premises, as well as, word of mouth, brings repeat business from satisfied customers.

The annual financial statements to year end February 2011 are available. The financial figures in this mandate have been extracted therefrom and the owners provable personal drawings added back to the profit to calculate the true business profit. Although the report figures are averaged, monthly breakdowns are available.

The assets consist of fixtures, washing machine, vacuum cleaner, tumble drier, microwave, counter and storage cabinets which the owner has valued at R40000.

Property information

Real Estate:

Lease

Lease terms:

240 sq mts, with current lease ending 31 October 2014, with annual escalation of 9.5%

Leasehold rent:

R153,816 per annum

Location:

Outer West Durban, SA

Premises details:

240 sq mts, with current lease ending 31 October 2014, with annual escalation of 9.5%

Size in square feet:

240 sq mts

Planning consent:

n/a

Business Operation

Expansion potential:

Expand this well known baby store by opening more stores in Durban area or franchise nationaly
Increase the advertising in local newspapers.
Improve sourcing of products.
Increase product ranges by buying from home industries.

Competition / Market:

None

Reasons for selling:

The owner has a new venture in the pipeline with an opportunity to emigrate.

Trading hours:

Mondays to Fridays 8.30 am to 5 pm.
Saturdays 8.30 am to 1 pm.

Employees:

4 sales staff, length of service 15 yrs, 13 yrs, 5 yrs and 5 months.

Years established:

23 years

Other information

Support & training:

Owner will train new owner and provide details of main sellers. Staff are fully trained.

Furniture / Fixtures value:

R20,000 (included in the asking price)

Inventory / Stock value:

R140,000 (included in the asking price)

Relocatable:

This business can be relocated.