Total of 18657 firms and businesses for sale today Friday 29th March 2024
Time to Sell or Time to Buy !

Business For Sale. Jewellery - Gauteng (gp)

LISTING DETAILS
Firms For Sale ID:
31910
Vendor reference:
12350
Vendor website:
     
Printer Friendly
      
Contact Seller
      
Goto Website
More Like This
      
Email Search
      
Add Notes
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$1,140,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
Image Not Found
BUSINESS DESCRIPTION
This jewellery and gift/souvenir shop is located in an extremely well located premises and with the present owner since 2004. It serves the quests and visitors of an upmarket accommodation facility and has excellent security arrangements. The market is for all intensive purposes a captive market and should benefit from the expected increase in overseas visitors following the exposure from SA hosting the Soccer World Cup.
The market is from residents and visitors which is extremely wealthy , buying with both local currency and foreign exchange.
The business is mostly manager run as the owner is married to a foreigner living in Europe.
Monthly turnover is on average R116k for the last financial year with a Gross Profit of 60.9% , expenses of R33k and an net profit (EBITDA) of R38k pm.
The resultant ROI is 29,0% compared to asking price which is considered good for a low risk captive market and easy to operate business.
The lady owner is a SA citizen married to a foreigner and staying for most of the time in Europe.
Her husband accepted a transfer to the USA which will make it more difficult to manage and regularly visit her business interests , hence the reason for the sale.
OPPORTUNITIES :
1)Continue to provide a good and friendly service to very important quests and visitors.
2)Promote the shop by lucky room numbers with associated prices.
3)With special events like Valentines or Mothers days have special attractions that will beneficial to both the shop and the accommodation facility.
The price is considered fair taking into account stocks and assets totalling R695 000 included in the price with a monthly profit (EBITDA) of
R38 000 pm and the extremely good location.