This is an awesome opportunity to acquire a well-established and profitable Function, Events and Promotional business in Ballito, major growth and affluent town on the KZN North Coast.
The business has been trading for 9 years and has built up an excellent name in the industry. It trades from well-located leased premises but it is possible to operate from suitable home premises.
The owner is actively involved and she is well supported by three excellent fully trained and experienced full-time staff.
The owner is selling to focus on her other business interests which create a perfect opportunity for a serious buyer to acquire a strong established business with good profits The business has an annual net profit (EBPIDT) of approximately R726,417 and offers a return on investment of 48%.
The asking price is R950 000.00 (excluding VAT).
|Staff:||5 Staff Members.|
|Cash Flow:||R654,000 per year. R54,500 per month.|
|Lease Terms:||Month to month lease. 10 % increase per annum.|
|Years Established:||10 years.|