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PROFILE |
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Description: |
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Supply of general hardware, D I Y hardware, hand and power tools, paint, timber and building materials. The business has a very good name in the area and has a good client base. |
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Industry / Sector: |
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Retail - Store |
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LOCATION |
| State / Province: |
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Gauteng RSA |
| City / Town: |
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Kempton park |
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Location / Area: |
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Bonaero park |
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Portability: |
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Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
Relocation is only possible within the surrounding area due to franchise group geographical protection. |
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PRICE |
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Asking Price: |
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R 3 200 000 |
| Conditions: |
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Limited |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 450 000 per month
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| Profit: |
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R 70 000 per month
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| Annual Return: |
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26
% per annum
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| No. of Staff: |
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7 |
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Year Established: |
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1998 |
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Legal Persona: |
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Close Corporation |
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Other Information: |
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FINANCIAL RESOURCES
Interested parties must declare their financial position in respect of unemcumbered cash and access to approved finance and must also agree to be prepared to provide proof thereof if requested. We will not respond to enquiries that do not address this issue in the contact form.
A buyer would need to have access to approximately R2 million in unencumbered cash to be able to raise the remainder as a commercial bank loan. The seller is therefore expecting to be given proof of the buyer's access to at least R2 million cash.
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