A Superbly Profitable And Very Well Established Custom Made Lounge Furniture Manufacturing Business For Sale
This business is based in Port Elizabeth in an easily accessible, well known, safe and fast developing area.
The business has been operating successfully for 3 years and specializes in the manufacture of custom made lounge furniture, steel work, upholstery, wallpaper and also supplies cheap production furniture lines.
The business is renowned for its high standard of workmanship and quality of its products.
The current client base currently consists of interior designers, walk in customers restaurants and businesses.
The business has a unique business model that permits the business to carry minimal showroom stock and run its operations efficiently, easily and profitably.
The premise consists of both a showroom as well as a manufacturing area with the total premises size being160m2.
The asking price includes the showroom stock and assets (including 1 x vehicle & 2 x Trailers).
This business is ideally suited for a husband and wife team, an interior designer who also wants to have their own production facility or any entrepreneur who has a flair for custom made furniture and an eye for interior decoration design.
Established, profitable and easy to run, this is an absolutely superb opportunity not to be missed.
Financial Information
Current Annual Turnover:
+-R 1 229 954 (Mar 2020 to Sept 2020)
Operating Net (EBITDA):
+-R358 720 (Mar 2020 to Sept 2020)
ROI%
+-41%
Assets / Office Equipment:
+- R316 000 (Included in the asking price)
Stock on Hand:
+- 250 000 (Included in the asking price)
Rent & Lease Terms:
+-R13 700 per month. Leased 3 years with option to renew (Landlord approval of the new owner will be required).
Vat registered:
No
Franchise:
Not part of any franchise group
MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT
BuSiness Information
Industry
Manufacture of custom made lounge furniture
Asking Price
R 900 000 (including stock on hand)
PROVINCE
Eastern Cape
CITY
Port Elizabeth
Premises Size:
160m2
Hours of work:
Mon to Friday: 08h00 to 16h30
Sat: 08h00 to 14h00
Sun: Closed
Buyer Profile:
This business is ideally suited for a husband and wife team, an interior designer who also wants to have their own production facility or any entrepreneur who has a flair for custom made furniture and an eye for interior decoration design.
Growth Potential:
This business has an already established client base, thus expansion possibilities include the expanding the business into other areas and/or increasing the product mix combined with more aggressive online sales
Reason for selling:
Emigration
Disclaimer: All the information contained within this prospectus is supplied in good faith and is based on information supplied by the Seller; MN Business Brokers makes no representation as to its accuracy and in no way will be held liable for any eventualities arising from the use of the information provided.
Contact Us
call
Grant – 073 556 0065
grant@mnbrokers.co.za
visit
Office GF001 | Kings Market Office Suite | Cnr Buffelsfontein Road & Titian Road | Walmer Heights | Port Elizabeth | 6070
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