Fully describe the business's activities?
This well-known and popular Branded clothing range sells on various platforms such as on-line (Zando), Boutiques, Markets and Festivals.
How long has the business been established?
The owner has had the Business for 6/7 years.
How does the business operate on a daily basis?
Retailing 7 days a week on Internet / on-line (Zando) and Boutiques. Markets on weekends. Festivals - once a year for a few days depending on the Festival period.
How are the clients attracted to the business?
Word of mouth. Visually.
What Advertising/Marketing is carried out?
No active advertising and/or marketing is carried out.
What competition exists?
Although there are a myriad of ranges on the market, this particular Brand is a proudly South African range, made in Cape Town and the styles are unique and very popular.
What are the seasonal trends?
Summers are very good, especially with the influx of tourists. Winter Festivals countrywide make up for the quieter markets during the same period.
Is the business VAT Registered?
The Business is not VAT Registered.
What percentage of the business is cash/credit?
EFT and Credit Card payments - about 90% Cash payments - about 10%
What is the total staff complement?
3 Assistants manage the stall at Route 44 Market over weekends
How involved is the Owner in running the business?
The owner is full time involved in the running of the Business.
When does the current lease end?
Stalls are rented at Route 44 although the space is bought.
Well known and popular Brand Flexible hours Feel good product Clothing range may be viewed on-line that makes it easier to sell at the Markets and Festivals 100% owner involvement - Excellent control
Distance between different Festivals No marketing done 100% owner involvement
Wholesale The seller is an introvert and she feels that a person with an extrovert personality will do a lot better Reps and Agents Own website to do online sales Social media marketing The business will benefit from an extensive advertising and marketing drive
The economy has been tough.
What is the reason for the sale?
The current owner would like to pursue original career in music.
Why is this a good business?
Fashion and clothing will always be exciting, creative and never stagnant. Above all, the owner has the freedom to make own decisions about garments, time management, marketing, designs, when and where to exhibit. It must be noted that a new owner does not need to be a designer per se.
What is the price plus stock and the net profit?
Asking price R295,000 inclusive of stock. ROI 113% . Well worth serious consideration.
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