Profitable Fishing Gear Retailer for Sale

Western Cape

R 1 400 000

Financial Information

Detailed financials available on request

Seller Handover

Situated in a busy shopping centre in the Garden Route, this business is a dream come true for that avid angler who has run out of people to tell fishy stories to ! With an energetic foot traffic rate, the store boasts an immense range of angling gear, equipment, hardware and clothing.

The business attracts clients from far and wide, even folk just driving through who have heard of the legends of this angling retailer. Great stories, but all about fish ! Utilising IQ Retail, the administration of the business is functional, and there are credit card facilities. Although the sales staff are excellent, the new owner would ideally be a hands-on manager who can understand trading cycles and the need to maintain stock levels according to supplier lead times. This business does well because it is well-stocked. There are opportunities for growth still, and yet here is a business already showing a solid Return on Investment of 55% or a PE Ratio of 1,82 ! The very reasonable asking price excludes stock of approximately R1,300,000 and VAT.

Chris Woodcock

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