Business For Sale in Hermanus Central

A rare opportunity like this doesn't come around every day. An opportunity existto purchase awell-established and well known Beach, Surf and Sports shopthathas been operating successfullyfor more than 30 years.The ownerestablished this business 30+ years ago and has been operating within Hermanus ever since.This well-entrenched, well knownbusiness with a prime location next to at the main roadis situated in the heart of the beautiful and sought after coastal town of Hermanus part of the Overberg in the Western Cape. This is an ideal opportunity to acquire a well entrenched business with a solid client baseand to start a quality life in Hermanus the land based Whale viewing Capital. If you are a business-minded entrepreneur this an opportunity not to be missed! Hermanus is +- 1.5 hour from the Cape Town Airport and 60 minutes away from Somerset West and only 20 minutes away from Stanford. Hermanus has earned a reputation as the best land-based whale-watching destination in Africa, if not the world. Hermanus is also known for its gourmet restaurants, Blue flag beaches, world famous Hemel and Aarde Wine Farms, impressive selection of boutique shops and art galleries. Given the prime location of the business it is highly visible with sufficient parking. The business is and has been owner run and has expanded & grown over the years and moved to new and bigger premises +- 2 years ago. Attracting tourists as well as locals alike thisbusiness offers an exceptional variety of Surf, sports and clothing merchandise. The business provides a steadyrevenue streamthrough the year with booming sales revenueduring the holiday season December to January. This is a well-run business with a small staff component. The business is operating as a Closed Corporation and isa VAT registered vendor. The selling price excludes stock and VAT. Products and services for sale offered: huge variety of fashionable branded surf clothing and gear extensive mens and ladies swimwear branded lifestyle accessories large selection of surfboards, bodyboards, wetsuits and all other related equipment a selection of diving equipment and wetsuits a choice of various skateboards and accessories daily and hourly rental of surfboards, bodyboards and wetsuits offered from the store bookings of a separate surf school run from the beach done through the store Asking Price : R 2,500,000 excluding VAT + Stock. Furniture and fixtures included. Sales Revenue : Available on request Cash Flow : Available on request Other financial information : All financials, Asset lists, stock lists, turnover trend analysis, etc are available on request Territory Information Area / Region : Overberg, Wester Cape.Hermanus CBD - Excellent location with ample parking Location : Prime location next to the main road, City centre : Business is located in the Central trading hub to Hermanus Business Operation Legal entity : Closed Corporation Industry : Retail Year established : 1993 Years established : 30 years Reason for selling : Having run the Business for 30+ years the owner would like to retire. Stock at cost : R 1.6m to R 2.2m (excluded from the asking price) Trading hours : 7 days a week Monday to Friday 9:00 to 17:00 Saturday to Sunday 9:00 to 14:00 Employees : 2 4 : Seasonal (besides the owners) Potential expansion :to run the separate surf school from the store. : to handle and refer bookings of trips for Boat Whale watching, Shark diving, Hemel and Aarde Wine lands, etc from the shop Relocatable : This business can be relocated Competition / market : Nothing new of that hasn't been there for a few years Support and training : Owner is available for full training and support up to 6 months if required : Full training on system and suppliers can be provided Property information Real estate : Lease Premises details : Part of a road facing centrum Lease terms : 4months remaining of the current contract with an option to renew Size in square feet : 88.6 sqm Load shedding. : The trading of the business is not impacted by Load shedding as the building has a generator that runs during loadshedding.