36 Year Old Fabric Store For Sale

Great opportunity to buy a well established 36-year-old business with huge growth potential with space to introduce a variety of extra income streams.

Already offering weekend sewing and TEDDY BEAR MAKING classes, the business is ever growing and has huge expansion potential

The Current Owner is willing to stay on for a full month hand over without compensation, Introductions to all suppliers and regular Customers

Staff have been with the business for years and this in itself is a huge asset

Average monthly sales of R140,000 per month.

A business is valued on a P/E of 3 plus stock as a general rule of thumb, as we are going to use the same valuation principal PLUS stock.

Net profit as per Management accounts Y/E Feb 2021 = R191,000

Multiplied by a P/E of 3 = R 573,000

PLUS stock of R1.2 million = Total Value = R 1,77 Million