Fully describe the business's activities?
This boutique clothing store for woman trades in locally made clothing and accessories catering for a middle to high LSM. The store has been trading for 17 years in Centurion and currently trades out of a prime retail space with a high footfall amongst well known national brands.
How does the business operate on a daily basis?
The business opens at 09:00 and closes at 18:00 with a staff compliment of 2 along with the owner.
How are the clients attracted to the business?
The business does benefit from a high flow of foot traffic because of its positioning, however the market it trades to requires a digital marketing presence. - New and regular customers are targeted using Google and Facebook marketing campaigns.
Are there up-to-date Management Accounts available?
Yes, and they are kept up to date by an accounting firm.
What Balance Sheet and Income Statements are available?
Current and previous years.
How could the profitability of the business be improved?
Providing and online ordering solution to clients could lead to an increase in sale, specifically to customers outside the immediate trading area.
How involved is the Owner in running the business?
The owner is hands-on, but is able to breakaway during the week or over weekends and leaves the store in the hands of her trained and capable staff
When does the current lease end?
Is there an option of renewal & what period?
Yes, further 3 to 5 years.
What are the trading hours?
7 Days a week, 09:00 to 18:00.
What is the square meters of the business?
What are the main assets of the business?
- Shop-fitting, fixtures and fittings - Point Of Sale System - Stock in Trade
What is their overall condition?
What is the reason for the sale?
The owner is nearing retirement but also wants to focus on other business interests and will also be relocating as a result.
Why is this a good business?
- Prime Site - Excellent Opportunity for Growth under New Ownership - Easy to Manage - High Basket Value / Average Sales Value
What is the price plus stock and the profit?
Selling for R130 000 plus the value of Stock in Trade estimated at R170 000. - Annual EBITDA of R124 000.
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