Marine Equipment & Fishing Tackle Equipment Stores For Sale

Business description

This well established business is considered to be in the top five marine equipment, fishing tackle retailers in South Africa. With its unique product mix, locally this business dominates the retail market (70%) Also competes nationally with its competitors with relative ease. A 30% annual sales growth rate is forecast over the next 2 years.
Having commenced operations in 1989 this business has grown progressively over the last 19 years.

Property information

Real Estate:

Real Property Included

Lease terms:

One retail store is situated on a property with 12 years of 15 year lease remaining, with the other two retail stores situated on commercial properties that are available for sale with the business at additional R5,3m.

Location:

Total of 3 Retail outlets with 1 (very large) located in Port Elizabeth and others of 436m2 and 415m2 in 2 Eastern Cape coastal towns.

Other information

Expansion potential:

Currently the retail market has shown consistant growth of between 15% - 30% pa. With the new established mega-store in Port Elizabeth, conservative growth of 25% - 30% is forecast for the next 2 years.

Support & training:

Seller willing to assist with transition to new owners over 2-3 months.

Reasons for selling:

Seller emmigrating

Trading hours:

6 days a week

Furniture / Fixtures value:

R500,000

Inventory / Stock value:

R5,000,000