A Profitable, Successful And Long Established Home and Commercial Lighting Supplier For Sale
Business Description:
This is an exceptional business that specializes in the supplying of a wide range of home, outdoor, fluorescent and LED lights and light fittings.
Located in East London, the store is well designed, which complements the display of its products bringing endless satisfaction to the customers.
The business retails to both the domestic and commercial market with the domestic side being extremely well supported.
The business has a strong online presence that allows potential customers to select their purchases before visiting the store.
Developing the business’s online presence even further is a definite future growth area.
The exceptionally well-trained staff are a key element in the longevity and success of the business to the extent that the owner is confident in providing a supporting role.
Stock on Hand is NOT included in the asking price.
Owner drawings are very generous and new owner can expect the same earnings.
Profitable, long established this go-to lighting business is a superb opportunity for that person seeking to light their world with success
Annual Turnover:
R6 683 614 (2024 Financials)
Operating Net Profit (EBITDA):
+- R 879 035 (Fin 2024)
ROI:
+-20%
Asset Value:
+-R220 000 (Included in the asking price).
Owner Drawings:
+-R653 464 (2024 Financials)
Current Stock on hand:
+- R2 625 000 (Excluded from the Asking Price)
Rental per year:
+-R 689 939 (+- R57 495 per month)
Vat registered:
Yes
Growth Potential:
Growth prospects include Expanding the service area beyond the Eastern Cape to other coastal regions and inland regions. The introducing of additional complementary lighting or related services could easily expand the already established customer base.
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
Lighting Business (Commercial and Domestic)
Asking Price
R5 000 000
PROVINCE
CITY
East London
Premises:
5 x year lease with option to renew (Landlord approval may be required of the new owner)
Premises Size:
652m2
Trading Hours:
Mon to Fri: 08h15 to 17h00 Sat: 08h30 to 13h00 Sun: 09h00 to 12h30
Staff Compliment:
6 x employees (Excluding the Seller)
Buyer Profile:
This business will suit 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 for an established and profitable business.
Full training and support will be provided by the seller to the new owner.
Reason for selling:
Retirement.