Verified Listing
Posted on July 28, 2020 / 917
Price : R2,400,000
Listing Type : Furniture
Location : Johannesburg
Ref. No : 2646
Year Established : 2008
No. of Employees : 3
Turnover : R 339 550 pm
Cost of Sales : R 213 322 pm
Expenses : R 86 585 pm
Net Profit : R 39 821 pm
Asset Value : R 765 607
Stock Value : R 1 319 584

A lucrative furniture importer and retailing business that provides affordable and quality furniture and furniture installations to businesses, restaurants, canteens, schools, and homes. They offer products that are suitable for indoor and outdoor use and have supplied some of South Africa’s biggest and most well-known brands including restaurant chains and corporate clients.

The business was started in 2008 and has grown year on year with an excellent opportunity for the new owners to take the business forward. The founders have focused on personalized customer service with the emphasis on client relationships, quality, and reliability in all that they do. The business operates from a 360 sqm premises which includes the warehouse and a showroom that can be booked by clients to view the latest designs.

This business generates an average monthly turnover of R339,551.00 with an average monthly net profit of R 39,822.00 before the owner’s drawings. The asking price is R 2,400,000.00 excluding stock.

Mfundo Nhlabati – Broker Head Office