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education

Mandate 1115

R 3,000,000.00

Specialized Books & Related Accessories Store in Johannesburg

Product Description

Broker Name: Paul Bolton
Broker Contact: 083 636 6844
Broker Email: paulb@renwickbusiness.co.za
Mandate number: 1115
Category: Education
Location: Johannesburg
Year Established: 01/01/1986
Number of Employees: Staff includes owners, who manage the day to day overall operations, plus one store controller, plus one admin assistant, plus two shop assistants plus one office cleaner. Four casuals are usually employed in February and March each year to assist with volumes.
Hours of Operation: Head office Mon – Fri 8:00 – 16:45 2 x Retail stores 7:30 – 17:30
Lease Term: Business head office has been operating from the same location in Rosebank for 30years. The seller confirms renegotiating a lease will be no issue. The two Campus sites lease will be transferred on sale and are renewable every 3 years.

Movable Asset Value: R 700,000.00
Stock Value: R 700,000.00
Average Monthly Turnover: R 654,977.00
Average Monthly Expenses: R 50,325.00
Average Monthly Net Profit Before Tax: R 106,053.00
Asking Price: R 3,000,000.00

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