Total of 18657 firms and businesses for sale today Friday 29th March 2024
Time to Sell or Time to Buy !

Business For Sale. Hardware And Building

LISTING DETAILS
Firms For Sale ID:
31882
Vendor reference:
12180
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$6,350,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This Business started 16 years ago and has been with the present owner for 12 years. Situated in a smaller town in the Southern Cape in the Industrial area surrounded by other businesses.

The warehouse and yard is neat and very spacious. Retail business selling building material and hardware - board, cement, plumbing material, general hardware, basically everything you can think of in the building material industry except sand, stone and bricks. They belong to a Hardware Group (not franchise) which enables them to buy at all the major suppliers on account and also receive yearly incentives based on the purchases. This group also negotiates better prices for them.

The owner is involved in the day to day running of the business and his daughter and son is also involved in the business. Their main customers is builders and the public for DIY.

The owner will assist the new buyer with advice on the clients, who to give credit etc. 60% of Sales are on credit and the rest is cash. The building is 1300sqm and the yard +/- 3000sqm surrounded by a 1.8metre wall and security fencing. The building can be added to the sale for another R3.3million. Price excludes stock to the value of R 3 million.
This is a fantastic well established business which can still grow.