Business for Sale

Gift Store Well Renowned for Sale

business for sale Traditional gift store, specialising in unique products at "next to nothing prices", for sale in lovely area. Frequented by all year round tourists and locals alike, this gift store has certainly made its mark with substantial sales. 7 responsible employees assist in the front house store while an additional 11 at the small warehouse behind the front of sale store. Owner has built a record relationship with his suppliers and will provide guidance re' all products, gifts and their suppliers and is intent on introducing new owner, personally to these suppliers. Very good purchase.

Business Details

REF AB89
Asked Price R 1,200,000
Location Durban | KwaZulu-Natal | Northern Suburbs near Umhlanga
Business Type Florist & Gifts
Reason for SellingOwner is selling due to declining health issues
Year Established2007
Number of Employees 8
Monthly TurnoverR 270,000
Monthly Net Profit R 35,000
Monthly Payroll Expense R 130,000
Movable Assets Value R 400,000
Stock Value R 200,000
Owner Oporated Business Yes
This is a Frenchise BusinessNo
Property Included in The Sale No
Seller Will Assist / Train buyerYes
Business is ProfitableYes
Size 140 M2
Lease Term 1 Years
Monthly Rental R 27,000
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Business Partners South Africa
The Franchise Association South Africa
National Employment Fund
Industrial Development Corporation