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Arts and Craft Shop

 

PROFILE    
Description:    This well established shop has traded for over 18 years since 2000. Very good client base we sell crafts, beads, mosaic, wooden products, paint, handmade gifts etc. All shopfitting and furniture included. Prime spot low rent and a lot of parking for clients.
Industry / Sector:    Retail - Other
 
LOCATION    
State / Province:    Limpopo RSA
City / Town:    Modimolle (formerly Nylstroom)
Location / Area:    Central
Portability:    Shop has been in the same place for 18 years. Inadvisable to move.
 
PRICE    
Asking Price:    R 130 000
Conditions:    Price includes stock of ħR100 000
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 28 000 per month
Profit:    R 21 000 per month
Annual Return:    194 % per annum
No. of Staff:    2
Year Established:    2000
Legal Persona:    Sole Proprietorship
Other Information:     
  GENERAL OPERATIONS  
Day to day operations are easy. We are open weekdays from 09:00 to 17:00 and Saturdays 09:00 to 13:00. There must always be a friendly and helpful person in the shop. Three to four times a week we give classes. If the new owner cannot or doesn't want to give classes then there are different options to generate income.

  PREMISES  
All necessary leases in place.

  STOCK VALUATION 
Stock on hand is always about R100 000 retail value.

  STAFFING  
Owner works in the shop but the day to day operations can be left in the hands of friendly helpful staff member.

  OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
No real skills needed Seller can show the buyer how to run the shop do the books what to buy when to buy and where to buy. If the buyer has an artistic personality that would be a plus.

  MARKET and CUSTOMERS  
Shop has very loyal customers we have been in business for 18 years very stable customer base. Only crafts shop in town and our suppliers do not sell to other shops in town.<

  OPPORTUNITY FOR GROWTH  
New owner has a few options for growth which can be discussed in person with the seller.

  LIFESTYLE ISSUES  
Trading hours are 09:00 to 17:00 weekdays and Saterdays 09:00 to 13:00 Would recommend the buyer to find a person to run the day to day operations if they do not want to work in the shop full time. Shop's location is perfect in the centre of town which is safe and in walking distance of a lot of other shops.

  REASON FOR SALE  
Owner is relocating.

  NON-DISCLOSURE AGREEMENT  
The prospective purchaser be required to sign an NDA before any further details will be released.

  AVAILABILITY of AUDITED FINANCIALS  
Books are up to date and bank card statements also available.

  DUE DILIGENCE  
Day to day sales are kept book off also income for craft classes and card sales.

  SALE CONDITIONS  
Cash sale required.

  PROOF of FUNDING REQUIREMENT  
Interested parties MUST be able to demonstrate that they have access to the required funds to finance a cash transaction purchase. The seller will not entertain any discussions or provide any details or documentation or accept any offer unless you first meet this criteria. You will need to provide proof of these financial requirements in your initial enquiry.

  HANDOVER ARRANGEMENTS and TRAINING  
Seller can assist and train the buyer with day to day operations. Assistance also provided with wholesale suppliers and client list.





 

 

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Record ID: 2773
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