Upmarket, Retail Interior Décor
About this business for saleUpmarket, Retail Interior Décor
This business offering represents a well-established, upmarket, retail décor outlet situated in Parkhurst’s ever-popular 4th Avenue. Popular and well-known for its superb ambience, the iconic 4th Avenue offers an abundance of exciting, shopping and dining experiences attracting patronage from near and far.
Trading for 8 years and first established by the Seller, the business has a superb reputation for its efficient, reliable service levels resulting in a fairly high percentage of repeat business. Suppliers have been carefully selected to ensure consistently high standards of merchandise and quality is only of the best.
The outlet is beautifully presented and laid-out with a wide and varied range of attractive, quality, interior décor. Various catalogues are also available for selective buying and the business offers the manufacturing of selective, bespoke furniture pieces (couches etc.) and the making up of curtains, cushions and the like.
The Seller spends a limited amount of time in the outlet as his focus is more on interior design. Regular meetings are held with staff and the Seller will often spend time in the outlet on a Saturday as this is a busy selling time. His primary role in the business is overseeing staff and attending to procurement, payments and merchandise presentation.
Financial performance is based on a monthly average, calculated over the 32-month period ending August 2017. Average Monthly EBPIDT (Earnings Before Proprietors Drawings, Interest, Depreciation & Tax) has been determined as R23 413.
All financial information provided is subject to verification by interested buyers and financial information will be disclosed to serious buyers.
Listed at R700 000, the price excludes stock at cost of +/- R1 000 000 but includes assets reckoned to be worth some R225 000 at current secondhand replacement prices.
For more information, kindly contact the listing Broker.