Furniture Store & Two Commercial Properties

Eastern Cape

R 3 500 000

Financial Information

Detailed financials available on request

This well-established, very profitable business has been owner run for over 15 years and is perfectly located in this very popular coastal town.

It is situated in the oldest street and there is a possibility that this area will be converted into a waterfront development. The selling price is inclusive of the Heritage Building from which it trades and valued at R3,000,000. The business sells new upmarket furniture, second hand furniture, antiques, collectibles and memorabilia. The owners have taken a decision to sell and to venture into a new totally unrelated business venture. This creates amazing opportunities for the right buyer to acquire a commercial property with a business included. The asking price is R3 500 000 (excluding VAT and Stock). There is also an opportunity to acquire the adjoining building that has two paying tenants and the owners also operate a Theatre, a restaurant including a fully equipped kitchen and a licensed bar. The asking price for this building is also R3,000,000 (excluding VAT)

Neville Loader

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