Successful PTA East Patio Furniture And Accessories Shop For Sale

Business description

This Patio retail shop specializes in selling up-market patio furniture and accessories to home owners, lodges, embassies etc. The business was established in 1998 and it as been with the present owners since 2006 and it is situated in a well known and busy shopping mall in Pta East. The business operates on cash basis 50% deposit and the balance at delivery time. Being a long time in the market it has built up a very good reputation for quality and service.Marketing is done by window displays, distribution of brochures, light boxes, posters and occasional media advertising.Growth potential due to the expansion of the residential area in Pta East.Limited competition exists and is not of the same level of quality and service and does not operate in the same market niche.Financials are up to date by the auditors.Lease with mall for another 1.5 years and can be renewed.All merchandise are paid COD.One delivery bakkie Hundai is on lease. The buyer can take over the bakkie lease.The owner and wife run the business with one shop assistant, one operator and one cleaner.The business is easy to operate and full training will be provided for a smooth transition to the new buyer.No licence is required.The reason for the urgent sale is because of family matters.This is an excellent opportunity at very good price at R190000 , plus stock of approximately R120000.

Property information

Real Estate:

Lease

Lease terms:

lease of 3 years and can be renewed

Location:

Pta East

Premises details:

Busy Mall

Other information

Support & training:

Support and training will be provided. It is easy to run.

Reasons for selling:

Owner  must sell because of family matters and emigrating.

Furniture / Fixtures value:

R140,000 (included in the asking price)

Inventory / Stock value:

R120,000