Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Thriving Video Rental And Internet Cafe For Sale!

LISTING DETAILS
Firms For Sale ID:
32007
Vendor reference:
12830
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$235,000  
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
Set in one of the fastest growing rural centres, on the border of KZN and the E.C., this thriving business is perfect for a retired person or someone starting out in business!

This Video Hire and Internet Cafe business was opened in 2009 by the present owner. Situated in a central spot in the CBD, adjacent to the two main roads in town, and near several banks and supermarkets, this outlet is easily accessible to people from all parts of town.

A tidy and welcoming shop houses in excess of 1500 dvds, and has a section devoted to PlayStation games as well as an Internet Cafe section. This is the sole shop of its kind in the town and opened from 08:00 â?? 19:00 (Mon-Sat) and from 11:00 â?? 14:00 on Sunday, this business employs 2 people â?? a manager and a cashier.

This business is aimed primarily at the residents of Matatiele and Cedarville and aims to fill a gap caused by the lack of a cinema in the area. The Internet Cafe is also extremely popular, especially with scholars researching for projects.

An average monthly turnover > R30K yields a net profit of > R10.7 pm., resulting in a R.O.I. of just 22 months! All assets are in good condition. An asset register is on hand with the Broker.

The current 5-year lease expires in February 2013 and is subject to a 5% annual escalation. The new owner will have to negotiate a new lease with the landlord.

The business currently employs a manager and part-time cashier and the owner wishes to sell in order to spend more time caring for her aged parents.

The current business could easily accommodate more computers and expand the Internet Cafe section, possibly to other locations within the town as demand for affordable internet access is growing. At present other Internet Cafes in town are limited by the relatively few computers they operate, and the high prices they charge.

This business has the potential to grow and provide the right investor with a secure income. A bargain at only R235k, this business would be ideal for someone wanting a second source of income without having high overheads! It would also suit a retired or semi-retired individual.