Shop | Facts to consider:

The shop should be seen as an extension of the factory. It is a showroom for the factory as there are a lot of pedestrians and traffic going past.

If the factory and shop is purchased as a going concern, the profit margin on the factory is already 35% profit on furniture has already been made. A further mark-up of 15% has been added on making the percentage profit 50%.

Profit on second-hand furniture is on average 80% to 100%.
Auctions are held weekly at:
Margate auctioneers – Fridays
Bellingers auctioneers – Thursdays or deceased estates as advertised
Howe’s auction – Wednesday
Auction centre – Saturday
Sheriffs auction – as advertised
Police auction – as advertised
Private auction – as advertised

There are also a number of private sellers calling at the shop daily with furniture and appliances to sell.
The shop is centrally situated and accessible to all, even those customers who do not wish to go into the taxi rank.
Customers also call at the shop to ask for furniture and fitted kitchens and shop fittings to be made on order.
The shop is very secure as it is protected with roll up doors, burglar alarm and a drop safe.
Rent is very reasonable for Margate and cannot be matched anywhere else. (R22.27 per m2)
The loading space is right in front of the shop and level.
The vehicle being sold with the shop is an Toyota LDV.
The shop has it’s own toilet and kitchen facilities.