A well-established electrical retail and wholesale franchise that opened its doors in 2019. This franchise primarily serves clients in the northern parts of Gauteng. The brand is well-established and boasts a presence with 40 stores spread across the country. Additionally, it offers an extensive range of 85,000 electrical solutions and maintains two warehouses in Gauteng for stock storage and collection purposes.
Within this franchise, there are nine employees who have received comprehensive training. Importantly, these employees are committed to remaining with the business even after it changes ownership.
The business is also in the process of implementing an e-commerce platform, which is currently in the testing phase. This move is expected to expand the market reach and enhance accessibility for customers, potentially increasing sales and revenue.
The owners of this franchise have decided to sell the business, with an interest in exploring other business opportunities. A new franchise sells for R5 900 000; however, the current owners are offering this business at a reduced price of R3 450 000, excluding stock valued at R1 500 000 and this presents a potential bargain opportunity for interested buyers.
This franchise generates an average monthly turnover of R905 883, with an average monthly net profit of R85 187. These figures suggest that the business is profitable and could be a lucrative investment for the right buyer.
