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Cash Converters

 

PROFILE    
Description:    Business situated on a corner of the main road in the Benoni CBD. Highly visible and well established with excellent future growth potential. This store will do very well with a BEE operator. Price greatly reduced to accommodate new buyer with a revamp that will be required during the next 12 months.
Industry / Sector:    Retail - Other
LOCATION    
State / Province:    Gauteng RSA
City / Town:    East Rand
Location / Area:    CBD
Portability:    Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
PRICE    
Asking Price:    R 1 485 000
Conditions:    Including stock
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 390 000 per month
Profit:    R 73 300 per month
Annual Return:    59 % per annum
No. of Staff:    12
Year Established:    2011
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
Lease recently renewed for 5 years with option to renew for a further 5 years. Size of business premises is 510m2. Current rental R51 140 per month with a 10% escalation annually.

  STAFFING  
Excellent management structure in place with vast experience.

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
Seller will assist with training. Some business knowledge would be an advantage.

  MARKET and CUSTOMERS  
This business has a very large client listed base. The store has a large group of recurring clients on its books.

  OPPORTUNITY for GROWTH  
This business can increase current trading figures by over 50% within three months with an owner operator in place.

  LIFESTYLE ISSUES  
Trading hours.: Monday to Sunday: 08h00 17h30

  REASON FOR SALE  
Seller has another business and further business interests that require his attention.

  NON-DISCLOSURE AGREEMENT  
A non-disclosure agreement will need to be signed before financial information is made available to any potential buyer.

  AVAILABILITY  
of AUDITED FINANCIALS Financials available on request from seller.

  HANDOVER ARRANGEMENTS and TRAINING  
Seller will assist the buyer after take over for a limited period.


 

 

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Record ID: 2719
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