Verified Listing
Posted on December 20, 2019 / 611
Price : R680,000
Listing Type : Hardware
Location : Pretoria
Ref. No : 2608
Year Established : 1964
No. of Employees : 2
Trading Hours : 8am - 6pm
Lease Term : Oct 2020
Turnover : R 180 486
Cost of Sales : R 104 513
Expenses : R 54 101
Net Profit : R 21 872 pm
Asset Value : R 295 000
Stock Value : R 400 000

Hardware started doing business in 1964 this makes it to be in business for 55 years with three different owners from the start. The hardware sells mostly DIY products to the everyday clients. Neighborly relationship with clients, the ‘Cheers’ atmosphere.

This business is suitable for a person who is willing to attract clients that are into construction and those who are supplying Government Departments, with this existing products pricing the new owner can register on different Government departments as a vendor of different products.

This hardware has an average monthly turnover of R 180 486 with an average monthly net profit of R21 872, as an average over the last two years. The Return on Investment (ROI) is 38.6% on purchase price, excluding the stock value (re-valuated at handover) 24.3%.

Purchase price R 680 000 excluding stock, stock price to be negotiated.

* Peter Millar – LP Pretoria East