Business for Sale

Wool and haberdashery retail shop

  • Listing #GBB113
    LocationWestern Cape
    Selling PriceR 995,000
    Annual SalesR 776,000
    SDER 253,965

Business Description

For sale is a unique business opportunity in a very beautiful town in the Western Cape surrounded by vineyards.

If you are looking for an established small business in the Western Cape or contemplating relocating or supplement your pension income this could be the ideal business opportunity for you.

The shop sells wool and related products, haberdashery, Quilts, clothing materials for day or evening dresses and curtain/ upholstery materials. The wool products consist of a wide range of well known brand names, some with exclusive sole agencies with the result that customers for the immediate surrounding towns are dependent for their wool requirements.

The business is been operating for 43 years of which 21 years from the same premises. The two current owners own the business for 7 years and now wish to retire or pursue other interests. The rented premise has good visibility despite not being in the main business area but comes with the benefit of much lower rental.

The annual profit is around R250, 000 or R20, 800 per month based on EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation) resulting in an ROI of 25%. Included in the selling price of R995, 000 is estimated stock at cost of R620, 000 and movable assets/fixture to the value of R81, 000.

The business is not registered for VAT.

The business offers further growth opportunities with improved marketing in the form of a website, and knitting/quilt/interior decorating classes. Also own making of curtains and upholstery or by sub contracting, especially with the many guest houses and other holiday accommodation. The large number of tourists can also be an opportunity with drop leaflets at other nearby tourist attractions, website directions, etc

Easy to own and operate the business that will suit first time business owners.