Profitable Non-Franchised Hardware
About this business for saleProfitable Non-Franchised Hardware
On offer is a well-established, non- franchised hardware store first established in 2006 and situated in a West Rand town.
The reason the owner wishes to sell, is that she wants to retire and to spend more time with her family after devoting more than 10 years of her life to establishing and growing this hardware outlet.
The business operates from a 575 sqm building as well as a comfortable big backyard. It stocks a wide range of general hardware products and is a Ryobi agent and stockist of interior and exterior painting and accessories, electrical and plumbing materials, building materials including sand and stone (50 kg bags), glass/glazing and mirrors, supply ceramic and mosaic tiles and listello`s, an aluminium manufacturer of the supply and install of windows, sliding doors, shop fronts, steel stockist, timber and boards, built-in cupboards and kitchens, purified water equipment, etc.
The outlet has already managed to capture a large share of the market in the West Rand town where it operates as well as the nearby mining companies and mining communities and surrounding towns.
It was the owner's goal to have a hardware and building supply outlet where customers can buy all requisites without having to “shop around” thus providing the customer with a one-stop shopping convenience.
The current average monthly sales are +/- R1 602 000 and the calculated monthly NPBITD for 2016 was R236 332.
This profitable business is on offer at a selling price of R2 726 000 and includes assets worth +/- R681 000 but excludes trading stock at costs of +/- R6 389 000.The Owner is willingly to negotiate with a Buyer to reduce the stock value regarding stock items he only wished to take-over.
The selling price excludes VAT.
This represents a ROI of 31.1% and a payback period of 38 months.
A new buyer can grow the business turnover/profit further by extending trading hours to include Sundays as well selling loose sand and stone on a large scale per square meter.
Full financial information including a detailed asset register, is available to serious buyers.
For further information, please contact the listing Broker.