A Long Established Bicycle Business And Shop For Sale.
BUSINESS OVERVIEW
Business Description:
SOLD
SORRY FOLKS, THIS BUSINESS HAS NOW BEEN SOLD.
If you you are looking to Buy a business or Sell your business the please contact:
grant@mnbrokers.co.za
Annual Turnover:
R2 922 447 (Aug 2023)
Operating Net Profit (EBITDA)
+-R212 883 (Aug 2022)
Assets:
+-R100 000 (Included in the Asking Price).
Rent per Month:
+-R 26 806 per month
Vat registered:
Growth Potential:
This business has an already established client base, thus expansion possibilities include the expanding of the current client base even more, opening of additional branches in other areas, Online sales, creation of a website and an improved marketing campaign
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 Type
Bicycle Business / shop.
Asking Price
R1 850 000
Stock on Hand
+-R1 500 000 (Included in the asking price
PROVINCE
CITY
East London
Premises:
Leased (landlord approval will be required)
Trading Hours:
Mon to Fri: 08h30 to 16h30 Sat: 08h30 to 12h30 Sun: Closed
Staff Compliment:
3 x Full time employees (Owner works Flexi time)
Buyer Profile:
This business will suit a husband-and-wife team / family or another similar type of business that is looking to expand their current business footprint or a person / entrepreneur who is looking to become the master of their own destiny.
Full training and support will be provided by the seller to the new owner.
Reason for selling:
Health Reasons.