Retail and Manufacturing Leather Business for Sale
About this business for saleRetail and Manufacturing Leather Business for Sale
The opportunity to own a unique fashion retail and manufacturing leather Store.
The business is over 30 years old and is situated in the same spot, with secure parking, in a busy and well established market in the heart of Johannesburg North.
The business specialises in bespoke leather works and trades from a uniquely beautiful fashion store retailing designer bags, accessories, gifts and leather goods.
The business manufactures its own bespoke line of leather footwear, menu cover, satchels, folders, brief cases, corporate gifting and many more, as well as leather repairs to anything from saddles, sandals, hand bags, etc.
The businesses customer base includes established local markets, small business owners and a few corporate clients.
The owner wants to semi – retire and seeks a new owner to continue with the legacy.
Lease Agreement: Annual 7.5% escalation.
Asking price: R 220, 000 includes stock and excludes VAT.
*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.