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Established Heel and Key Bar plus General Sales

 

PROFILE    
Description:    The business was established in 2013 and is popular for shoe repairs and key cutting in the area. There is also a range of underwater cameras, watches, pellet guns, dry cleaning and a huge range of other items. The shop is located next to an anchor tenant in an extremely busy shopping mall and is manned by two knowledgeable staff members. Low overheads allow excellent profits. All stock control is controlled by a top class POS program.
Industry / Sector:   
 
LOCATION    
State / Province:    KwaZulu-Natal RSA
City / Town:    Durban
Location / Area:    Hillcrest
Portability:    Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
 
PRICE    
Asking Price:    R 680 000
Conditions:    Cash deal required
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 50 000 per month
Profit:    R 25 000 per month
Annual Return:    44 % per annum
No. of Staff:    2
Year Established:    2013
Legal Persona:    - unknown or withheld -
Other Information:     
The sale of popcorn alone covers the rental expenses.

  KEY FINANCIALS  
Stock / Inventory :   R 170 000
Furniture & Fixtures :   R 380 000

 

 

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Record ID: 2758
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