Here are 2 private companies:
1) A Retail outlet specializing in office equipment and sundry stationery, situated in a busy retail centre.
2) An Import wholesale company which has a supply relationship with the above Retail business, and which is an under-developed income stream of realistic growth potential.
The Retail staff are well-established and knowledgeable in their field.
There are no staff in the Importation/Wholesale business; the new owner will be responsible for “working” in this company, and full training and support will be on hand for whatever time period is needed. The seller is not leaving town.
The seller will provide all the needed transfer of skills to the new owner to ensure the continued success of these businesses.
This is certainly not a “long day at the office”. All admin is on IQ Enterprise, providing the owner with current performance.
The asking price excludes stock of approximately R1m and Vat.
|Staff:||3 staff memebrs.|
|Rental:||R 255,000.00 per annum.|
|Asset Value:||R 221,580.00|
|Cash Flow:||R 480,000.00 per annum.|
|Lease Terms:||7,5% escalation per annum.|
|End of Current Lease:||Mar 2024|
|Years Established:||7 years.|
|Stock/Inventory Value:||R 1,000,000.00|
|Trading Hours:||Mon - Fri: 8h30 - 17h30. Sat 09h00 - 13h00. Sun Closed.|