Appointed Cell Phone Retail Store - Eastern Cape

Eastern Cape

R 850 000

Financial Information

Detailed financials available on request

This independent retail store (representing "one of the big two cell phone operators") was established by the owner over 8 years ago and it has grown into a well-established, profitable business. Operating from very well located leased premises in this very popular Eastern Cape coastal holiday and retirement town, it is owner run and supported by a small compliment of staff. The business has a large customer base with monthly recurring income from cell phone contracts. Ancillary products are also stocked and sold and there is potential to introduce a cell phone repair service. The owner wants to retire which creates a unique opportunity for a serious buyer to acquire a "very well branded" business providing recurring monthly income and offering good potential for growth. The business has an annual net profit (EBPIDT) of approximately R295,802 and offers a return on investment of 35% and/or a monthly payback of approximately 35 months. The asking price is R850,000 (excluding Stock and VAT)