- Listing ID: 893357
- (Seller ref: Star Cycle)
Landmark West Rand Cycle and Tackle Shop for Sale
- Location:
-
- South Africa
- > Gauteng
- > Johannesburg
- > Newlands
- Category:
- Type:
Listed by:
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Summary
- Asking price:
- R175,000
- Sales revenue:
- R480,000
- Cash flow:
- R210,000
- Years established:
- 40
- Employees:
- 3
- Relocatable:
- This business can be relocated.
Business description
This business was established over 30 years ago and is a household name in the West Rand region of Johannesburg. Specialists in the sale of bicycles, bicycle repairs and fishing tackle, and other fishing supplies this business was once market leader in all the specialties of their trade. Frequent customers were from many different regions in Gauteng, not just Johannesburg – yes, people were willing to travel to shop at this business from all over the province because of the variety of stock and specialized knowledge in the field. Because of a lack of manpower and concentration on the business by the owner (age and ill health) the business no longer maintains the position of market leader, however the name of the business is as strong as ever and recognisable by almost anyone who shops for fishing tackle and bicycles, and by ALL who frequent the area. the business is an absolute gold mine waiting for anyone willing to invest sufficient time and manpower, with the the right product mix and a little bit of marketing to the relevant target market. Located in Newlands. Price of business does not include stock, which is approximately between R300,000 -400,000.
Property information
- Real Estate:
- Lease
- Leasehold rent:
- R96,000 per annum
Other information
- Expansion potential:
- Significant
- Support & training:
- As necessary. Negotiable.
- Reasons for selling:
- Owner needs to retire
- Trading hours:
- 10:00 to 14:15
- Inventory / Stock value:
- R350,000
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
need to search again?
- South Africa
- > Gauteng
- > Johannesburg
- > Newlands
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