Fully describe the business's activities?
This franchise specialises in the supply of corporate and customised clothing and gifts to corporate companies, SME's, government departments, schools, clubs and a wide variety of different customers from all walks of life in need of various clothing items and uniforms. All product is sourced via the franchisor and there is no product that cannot be dsource and supplied. The franchise is part of the leading and largest vertically integrated corporate and gift company in Africa.
How long has the business been established?
How long has the owner had the business?
Franchise is owned by the franchisor
How does the business operate on a daily basis?
Clients will view and select what they need and then place orders. Items are supplied out of stock on hand and soruced from head office.
How are the clients attracted to the business?
Some advertising takes place via the head office. Due to age of business word of mouth, old clients result in orders.
What Advertising/Marketing is carried out?
This is done by the franchisor
What competition exists?
There are no franchised competitors
What are the seasonal trends?
Generally driven by the economy.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
How could the profitability of the business be improved?
MOre local marketing
What is the total staff complement?
1 who runs the branch
How involved is the Owner in running the business?
No, this is currently a head office store
When does the current lease end?
There is no long lease currently, lease is month to month
What are the trading hours?
What is the square meters of the business?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Fixtures and fittings
What is their overall condition?
Well now head office,wide range of products, good supplier base, wide ranging revenue stream
Increase local marketing
What is the reason for the sale?
Why is this a good business?
Lots of opportunity, can run off head office, low investment
What is the price plus stock and the net profit?
R500k net av R20k pm
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Annual Turnover Amount between R 500 thousand and R 6 million