A highly successful spares shop business, located in a bustling area on a busy road in Durban. Operating for 24 years, this business has established itself as a go-to destination for automotive spare parts. The owner is retiring, presenting a rare opportunity for a new owner to step into a well-oiled operation. The business boasts remarkable profitability with remarkably low running costs.
Key Financials:
- Monthly turnover of over R300,000.
- Nominal monthly utility expenses of R1,500.
- Wages for staff amount to R6,500 per month.
- Rent costs approximately R2,002 monthly.
- The stock's valuation includes shop fixtures, fittings, shelving, etc., totaling R3,000,000 at cost. A minimum markup of 25% can be made on stock sales.
Additional Information:
- Income statements are available exclusively for serious potential buyers.
- With a lucrative revenue stream, manageable overheads, and a prime location, this spares shop business represents a compelling investment opportunity for anyone looking to capitalize on a thriving enterprise in Durban.
