Custom Framing Shop for sale in Port Elizabeth. The Owner is retiring and willing to train you. The store has a loyal customer base and a great reputation for high-quality custom pictures, art, and poster framing.
This is a "destination store" which relies more on their outstanding reputation, than on passing trade. Excellent books and records. Long-serving staff.
Ideally suited for an individual buyer, looking to escape the normal 9 to 5.
The business is consistently profitable over the years and has for the last two years shown a net profit (EBITDA). With a selling price of R550,000 Excl Vat and Stock, this business offers a fantastic ROI of 71%.
For more detailed information on this great business, don't hesitate to contact the listing broker.
|Staff:||The business has two full-time staff members. Both employees are long-serving and have been with the business for 21 and 13 years respectively. One employee is capable of managing all the production functions and also helps with the installation of pictures. The second employee is also proficient in all the production functions and also handles and engages with the public when needed.|
|Cash Flow:||R352,594.00 (R29,382.83)|
|Lease Terms:||R 93 000,00 - Annual 8% Escalation.|
|End of Current Lease:||On Request|
|Years Established:||22 Years.|
|Trading Hours:||Monday to Friday: 08h00 to 17h00 Saturday: 08h00 to 12h30 Sunday : Closed|