Retail Shop Exclusive Gifts Outerwest In Durban For Sale

Sold 1 August 2023 by ALDES Cliff Bell - Transferred ! (1 of 18 sold since COVID )
The Sale Price is R990 000 , including the present owners stock of some R300 000. The Net Profits including the owners benefits was R569 000 on a turnover of R1.7m for the financial year ending Feb 2022 (MA's, with the previous year being R1.65m). An excellent return for minimal risk from this long established, well positioned & easily operated retail shop, with owner only working weekdays & staff on weekends.
Specializing in sterling silver jewelry & quality gifts. Established in 1991 and still going strong. Ideally situated in a top Outer West Mall, in a 2-corner glass shop, close to a major upmarket retailer for the . Owner works Mon to Fri only. Steady turnovers & profits.
The owner will open/close/operate the shop weekdays, while one of the two assistants will open/close/operate the shop on Sat or Sun. The owner sources stock (new & 2nd-hand), that have been proven to be attractive to the Mall's clientele & provide the required mark-up. Each stock item is recorded (description, code, price) & then crossed off when sold also indicating it's sale price & date. These records match the cash receipts & card machine (approx 90%). They match the excel spreadsheet MA's & external Accountants AFS.
Top quality display cabinets/furniture, office furniture, printer, alarm/camera's, reference books which would cost with shop fittings some R340 000 and at a forced sale price may be some R100 000.