Sectors / Category

Annual turnover

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  • Mandate: 32583
  • Added: 01 Nov 2018
  • AFS
  • 501

Online Store - Fashion Jewellery, Hair and Bridal Accessories

Gauteng, Johannesburg
501
Mandate 32583
Added 01 Nov 2018
R 600,000* ZAR
Stock: R 182,000
Assets: R 70,684
R 32,921 ZAR
Anna-Marie Bothe
Aldes Novare
Gauteng
Summary

Established online accessories store and supplier to all major South African online e-tailers. Currently run from a home-based studio, so all the perks of retail without the high rental costs and retail hours. DON'T MISS THIS OPPORTUNITY!

SELLING PRICE AFS
R 600,000* ZAR
Stock: R182,000
Assets: R70,684
R 32,921 ZAR
Summary

Established online accessories store and supplier to all major South African online e-tailers. Currently run from a home-based studio, so all the perks of retail without the high rental costs and retail hours. DON'T MISS THIS OPPORTUNITY!

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Manufacture, design and / or source hair, bridal and fashion accessories. They supply to the major e-tailors in South Africa as well as all the private individuals and shops who order online from the website.

How long has the business been established?
The business was established in July 2013.

How long has the owner had the business?
The owner started the business.

How does the business operate on a daily basis?
The owner starts everyday by answering any emails and works on website admin to assure that orders are handled. The other staff member manufactures accessories according to orders.

How are the clients attracted to the business?
The major online e-tailers place orders on a monthly basis and the business have clients who shop online on the website.

What Advertising/Marketing is carried out?
Website which attract by online marketing. Social media advertising, google ads and email marketing.

Does the business have any contract work?
Some of the major e-tailers order from the business.

What competition exists?
There are a few small businesses, but they do not sell to retail clients.

What are the seasonal trends?
The business is busy all year around.

Is the business VAT Registered?
No, the business is not VAT registered.

What VAT documentation is on file?
n/a

Are there up-to-date Management Accounts available?
Management accounts for the 6 month period ending August 2018 are on file.

What Balance Sheet and Income Statements are available?
March 2017 to February 2018 on file.

What percentage of the business is cash/credit?
20% online orders by credit card 80% for 3-tailers (one has a 30 day account and the other 60 day)

What is the age analysis of the debtors book?
80% between 30 and 60 days

How could the profitability of the business be improved?
Do more online marketing. Employ an admin assistant so that the owner can focus on attracting new business, placing adverts and sourcing products. Previously when the business had an admin assistant they had a lot more online orders.

Is Seller finance available and for what amount?
No, the seller is immigrating and looking to receive the purchase price on the effective date.

What is the total staff complement?
2, including the owner.

Give a breakdown of staff/ functions/ length of service?
1 beader, manufactures all jewellery and accessories has been with the business for 4 years. owner - administrator and business procurement

Do any receive special perks or incentives?
13th cheque

Are they on contract?
The beader is full time employed.

Do any have management potential?
The beader is exceptional and 100% trustworthy. She would be great as a beading/finishing supervisor.

How involved is the Owner in running the business?
The owner is now 100% involved in the business as she did not replace her previous admin assistant.

When does the current lease end?
Work from home, so no lease.

Is there an option of renewal & what period?
n/a

What is the annual escalation %?
n/a

What are the trading hours?
8am to 4.30pm, Monday to Friday.

What is the square meters of the business?
+/- 50 m2

Who is the Owner/Landlord?
n/a

Is a copy of the lease available?
n/a

Do you require a licence?
n/a

What lease deposit and/or other surety is required?
n/a

What are the main assets of the business?
Furniture, laptop, printer and stock.

Are any items not included in the sale?
The owner's personal vehicle is not included.

What is their overall condition?
Laptop is in good condition but may need to be upgraded in 2 years.

Do any require repairing?
n/a

How have they been valued ?
depreciated value

Which assets are on lease/HP and with whom?
none

What are their settlement amounts?
n/a

Will Seller settle or Buyer to take over?
n/a

Are copies of agreements available?
n/a

Are they presently insured?
The business is not insured only the owners property.

Strengths?
The business has steady and reliable customers, strong admin systems and great courier and delivery systems. They also have secure credit card systems.

Weaknesses?
customers lose the look-feel of products due to being online, but it is displayed in photo's.

Opportunities?
Much more opportunity for online growth and sales if more focus is placed on marketing.

Threats?
As the business is online there is always a threat of a data breach and identity theft. The business update the details and passwords regularly.

What is the reason for the sale?
The owner and her husband is planning to emigrate.

Why is this a good business?
Online shopping has grown substantially and the business has amazing customers who shop with them regularly.

What is the price plus stock and the net profit?
Good return on investment for this well established business with huge potential for growth. The purchase price including stock is R800,000 with average monthly profit of R33,000 per month.

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FRANCHISE DETAILS

Aldes Novare

3 members
18 active mandates
Gauteng
91 Bellairs Manor, 120 Bellairs Drive
2162

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