Verified Listing
Posted on July 28, 2020 / 318
Price : R3,950,000
Listing Type : Furniture
Location : Johannesburg
Ref. No : 2646
Year Established : 2008
No. of Employees : 3
Turnover : R 594 118 pm
Cost of Sales : R 408 909 pm
Expenses : R 153 799 pm
Net Profit : R 31 409 pm
Asset Value : R 768 889
Stock Value : R 800 000

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. Hours of operation are Mon to Thur 09:00 – 16:00 and Fri – 09:00 to 15:00

This business generates an average monthly turnover of R594,118.00 with an average monthly net profit of R31,409.00 after the owner’s drawings. The asking price is R 3,950,000.00 excluding stock.

* Mfundo Nhlabati – Broker Head Office