Well Established Profitable Retail Furniture and Lighting Business, Ballito

This business was established over 15 years ago and it imports and sells unique Indonesian Wood Products from the “Home and Furniture” section of a large busy MALL. It also sells unique wooden furniture and lighting, manufactured locally through a third party.

Although primarily a cash business, they manufacture wooden furniture to order against a 50% deposit. The business is well supported by the general public as well as businesses involved in interior decorating. In store sales account for about 50% of the current trade but their online/email shopping is becoming more and more popular.

The owner operates mainly remotely and she is well supported by two full time staff and a casual.

The owner intends relocating which has created a wonderful opportunity for an interested buyer to acquire a very well established, well located and profitable business.

The business has an annual net profit (EBIDT) of over R450,000 and offers a return on investment of 26%.

The asking price for the business is R1,800,000 (excluding VAT and Stock) Stock is estimated at about R750,000