This Lighting Business has been supplying homeowners and contractors with elegant lighting and energy saving solutions for the past 22 years.
Their showroom which is situated in a large Business Park with other complimentary home décor businesses, offers a wide selection of superior quality yet affordable lighting, globes, fans and electrical accessories.
While business did decline over the past 2 years due to the pandemic, this Business survived, and the owner still made a decent living.
The numbers for the last year:
Turnover: R2,1m.
Expenses: Around R750 000.
Staff: 1 very experienced staff member who has been with the business for 17 years!
Owner’s Takings: R600 000.
Asset Value: Approx. R200 000 (including a Bakkie valued at R93 000.)
Stock value: Approx. R900 000.
Selling Price: A Bargain @ R995 000 (including assets and stock.)
R.O.I. 60%.
Reason for Sale: Owner wants to relocate to the Coast and Retire.
For more info contact Greig on 063 364 1780 or email greig@biz2sell.co.za
