Stationary Shop & News Agency For Sale

Business description

Stationary store which also sells cd's, scrapbooking, reading
books, magazines, toys and puzzles. There is also internet, fax
and copy facilities. Established 11 years ago. Battery backup
(UPS) units on the pc's.

Property information

Real Estate:

Lease

Lease terms:

Copy of the lease is available. Renewal option is available,
no specified period stated, needs to be reconfirmed with the
landlord.

Seller prefers that buyer takes over the lease.

A 2008 (renewal to be confirmed)

Location:

Situated next to the local post office.

Other information

Expansion potential:

There is a good established client base and a healthy
seasonal variation.

The town is growing steadily and has good tourist industry.

There is a good potential .

It is well managed and easy to run, with good accounting.

Competition / Market:

Counter sales to walk in customers. The shop shares the same entrance as the post office ensuring good foot traffic. There are some account customers. Advertising boards are in front and back of the shop, as well in the parking area. There are four high seasons in the area, December, Easter, Whale and Lobster season.

Reasons for selling:

The owner had intended to move to the area and purchased the business in anticipation of the move. This has not happened however and the owner finds that remote control of the business is at conflict with his other business intrests.

Trading hours:

Monday - Friday and Saterday am only.

Furniture / Fixtures value:

R95,000 (included in the asking price)

Inventory / Stock value:

R155,000 (included in the asking price)