Wooden Furniture Retailer

North Coast
Price : R 2,200,000
Listing Type : Furniture
Location : North Coast
Ref No. : 2949
Year Established : 2008
No. of employees : 2
Lease Term : Expires 2024
Turnover : R 166 625 pm
Cost of Sales : R 67 773 pm
Expenses : R 49 972 pm
Net Profit : R 48 880 pm
Asset Value : R 15 000
Stock Value : R 400 000

Established Solid Wood Furniture Retailer in KZN

Operating since 2008, this business offers unique imported and locally manufactured custom-made solid wood furniture for sale from their showroom in the KZN North Coast and online. It has welcomed the opportunity to grow its online presence by reducing physical store space and costs which can be redirected to online advertising.

The business has benefitted from long-standing relationships with decorators and architects active in new residential estate projects and other developments. They also offer free furniture design services and have added lighting to their sales offering.

There are 2 permanent staff members, one focussing on the showroom and the other on online sales.

The asking price is R1.8m plus stock (approximately R400K).

The reason for selling is the owner’s family relocation.

Due Diligence