Verified Listing
Posted on April 8, 2021 / 149
Price : R5,371,000
Listing Type : Furniture
Location : KwaZulu Natal
Ref. No : 2734
Year Established : 10 years ago
No. of Employees : 8/10
Turnover : R 2 850 000 pm
Cost of Sales : R 1 852 500 pm
Net Profit : R 540 400 pm
Stock Value : R 3 500 000

The company is primarily a supplier of a very modern, niche furniture range and accessories to the public of South Africa. Competitive quality and prices – imported specialised products with various suppliers abroad.

The company supplies contemporary furniture in line with current world trends – supplemented locally via their local factory and other local factories with about 30% imports.

The new investor will be buying a 50% stack in the new expansion branch in KZN.

Investment: Owner is looking for an investor using the same business model in KZN, where the new partner will have a 50% stake.

Buy in IP fee: R 500 000

Hours of Operation: Monday to Friday 8h00 – 16h30 and Saturday, 08h00 – 12h00

* Peter Millar – LP – Pretoria East