Fully describe the business's activities?
A designer, manufacturer and retailer of womens fashion clothing, accessories and gifts through a major retail mall and a pop-up store in an upmarket residential area. A number of local fabric suppliers and two local CMT entities are used to produce the locally prduced fashion clothing.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
9.00 to 19.00
How are the clients attracted to the business?
Word of mouth and marketing, including SMS marketing and shopping centre related marketing
What Advertising/Marketing is carried out?
SMS marketing and shopping centre related marketing
What competition exists?
Other boutiques in the area
What are the seasonal trends?
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Financial statements as at 31 December 2019
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
More involvement of the owner within the stores
Is Seller finance available and for what amount?
What is the total staff complement?
Six staff, three permanent and three part-time employees
Give a breakdown of staff/ functions/ length of service?
All staff have been with the company for over two years
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Only involved with the design and sourcing of product
When does the current lease end?
There are two outlets, one in the Menlyn Park Shopping Centre and the other, a pop-up store, in Menlo Park in close proximity to the Spar . The mall lease expires at the end of 2020.
Is there an option of renewal & what period?
Yes, for a further 3 years
What is the annual escalation %?
What are the trading hours?
9.00 to 19.00
What is the square meters of the business?
34 square metres
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
Three months rent but is negotiable
What are the main assets of the business?
Shop fittings and in-store electronic equipment
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
A strong, well known and trusted local brand that has been in existance since 2003
Possibly too much,, low cost Chinese product in the fashion range
What is the reason for the sale?
Why is this a good business?
A very popular local clothing brand that has survived for the past 17 years through many economic challenges
What is the price plus stock and the profit?
R449,000 excluding stock of R50,000
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