Furnwood Furniture - For Sale

R660,000.00

Umhlanga, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP7859
Asking Price : R660,000.00
Ownership : S/Title


Description

Since its establishment in 2018, Furnwood Furniture has become a trusted name in the retail furniture industry, serving the vibrant community of Umhlanga Rocks and beyond. Specializing in a diverse range of high-quality furniture, including tables, chairs, bookshelves, chests of drawers, side tables, pedestals, servers, TV stands, and coffee tables, Furnwood Furniture offers an exceptional opportunity for savvy investors or aspiring entrepreneurs. Catering primarily to the low to mid Living Standards Measure (LSM) market, Furnwood Furniture has carved a niche for itself by providing value for money without compromising on quality. This strategic positioning ensures a steady stream of customers seeking reliable and affordable furniture solutions.
• Quality and Affordability: Furnwood Furniture is renowned for its high-quality products that are not only stylish but also affordable. The business boasts attractive gross profit margins and maintains low overheads, ensuring sustained profitability.
• Talented Craftsmanship: The business is home to an extremely talented carpenter whose skill and dedication are evident in every piece of furniture produced
• Established Online Presence: With listings on major platforms like Makro and Takealot, Furnwood Furniture has expanded its reach and customer base significantly.


Number Of Years In Business: 2018
Reason For Selling: Other Business Interests
Selling Price: R660,000
Net Profit: R15,000 – R20,000 per month
Rent: R5,500 per month
Escalation: 10% per annum
Lease Details: New Lease
Store Size: 70m²
Trading Hours: Weekdays: 8h00 – 16h30; Saturdays: 09h00 – 15h00

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Contact the Agent

Billy Constantinou » ++27 83 250 2013
[email protected]

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Please Note Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.

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