Furniture Store & Two Commercial Properties
About this business for saleFurniture Store & Two Commercial Properties
This well-established, very profitable business has been owner run for over 15 years and is perfectly located in this very popular coastal town.
It is situated in the oldest street and there is a possibility that this area will be converted into a waterfront development.
The selling price is inclusive of the Heritage Building from which it trades and valued at R3,000,000. The business sells new upmarket furniture, second hand furniture, antiques, collectibles and memorabilia.
The owners have taken a decision to sell and to venture into a new totally unrelated business venture. This creates amazing opportunities for the right buyer to acquire a commercial property with a business included.
The asking price is R3 500 000 (excluding VAT and Stock).
There is also an opportunity to acquire the adjoining building that has two paying tenants and the owners also operate a Theatre, a restaurant including a fully equipped kitchen and a licensed bar.
The asking price for this building is also R3,000,000 (excluding VAT)
For more information on this great opportunity, please contact the Listing Broker –
Neville Loader (071 327 5916)
+27 71 327 5916
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.