Fully describe the business's activities?
The business sells comfortable, good quality and fashionable leather shoes to clients from all over South Africa. Established for 20 years the business also enjoys a lot of referrals from doctors.
How long has the owner had the business?
The owner started the business 20 years ago and have been trading from the current premises for the last 6 years. There is an opportunity to move to a more visible site within the same mall that the new owner can consider.
How does the business operate on a daily basis?
Either the owner or the employee will open and close the shop daily.
How are the clients attracted to the business?
Mainly via word of mouth and referrals from doctors.
What Advertising/Marketing is carried out?
Owner has a database of around 6000 numbers that she sometimes WhatsApp when new stock arrives or to notify of sales.
What competition exists?
None in the area.
What are the seasonal trends?
October and November tends to be busier and the second half of December quieter.
Is the business VAT Registered?
No, the business is below the threshold.
How could the profitability of the business be improved?
The business needs to advertise more.
What is the total staff complement?
Only one employee that has been with the business for eight years.
Do any receive special perks or incentives?
Basic salary and commission.
Are they on contract?
Do any have management potential?
Current employee can manage the business as owners involves him in everything.
How involved is the Owner in running the business?
Owner is involved full time.
When does the current lease end?
Current lease ends November 2019.
Is there an option of renewal & what period?
Yes an option to renew.
What are the trading hours?
Monday to Friday from 8:30 to 17:301 Saturday from 8:30 - 13:00 Closed on Sundays
What is the square meters of the business?
Is a copy of the lease available?
A copy of the lease is available from the owner.
What lease deposit and/or other surety is required?
What are the main assets of the business?
Are any items not included in the sale?
Owners paintings, stepladders, fridge and microwave.
How have they been valued ?
Owner assisted us with second hand value.
Are they presently insured?
Yes, the business is insured but owner needs to reduce the monthly installment.
Well known for its exceptional quality. Clients from all over South Africa supports the store.
The business is a bit hidden in its current location but there is a shop open in the mall whereto it can be relocated.
More advertising needs to be done.
What is the reason for the sale?
Owner needs to retire.
Why is this a good business?
Well known and established with good room to grow when a little advertising is done
What is the price plus stock and the net profit?
Selling price of R550 000 includes stock of R500 000
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