Timeless Elegance Established Jewellery Shop In Bloemfontein For Sale

Description

Business type: jewellery retail business

Trading history: 45 years

Current status: established operating business

Location

Premises type: shopping mall

Retail position: prime

Pedestrian traffic: high

Customers

Loyal customer base: established

Local reputation: established

Licensing

Second-hand gold purchasing licence: in place

Financial information

Annual turnover: R595,000

Cost of sales: R339,000

Gross profit margin: 43%

Net profit: R67,000

Owner's drawings: R96,000

Assets and stock

Equipment and asset value: R110,000

Stock value: R120,000

Stock: included

Reason for sale

Owner retirement: reason for sale

Transaction details

VAT registration: active

Sale basis: going concern

VAT rate for VAT-registered purchaser: 0%

VAT for non-VAT-registered purchaser: payable