Sectors / Category

Annual turnover

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  • Mandate: 33963
  • Added: 12 Mar 2020
  • AFS
  • 166

Ladies Fashion designer, manufacturer and retailer

Gauteng, Pretoria
166
Mandate 33963
Added 12 Mar 2020
R 499,000* ZAR
Stock: R 50,000
Assets: R 113,801
R 16,584 ZAR
Ian Tennant
(PRINCIPAL)
Aldes Egoli
Gauteng, Hartbeespoort
Gauteng, Hartbeespoort
Summary

A designer, manufacturer and retailer of womens fashion clothing, accessories and gifts in upmarket residential area

SELLING PRICE AFS
R 499,000* ZAR
Stock: R50,000
Assets: R113,801
R 16,584 ZAR
Summary

A designer, manufacturer and retailer of womens fashion clothing, accessories and gifts in upmarket residential area

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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?
Since 2003

How long has the owner had the business?
Since 2003

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?
None

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Financial statements as at 31 December 2019

What percentage of the business is cash/credit?
30% cash

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?
No

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?
Yes

Do any have management potential?
Yes

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 %?
8%

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?
Pareto Limited

Is a copy of the lease available?
Yes

Do you require a licence?
No

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?
No

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Depreciated value

Which assets are on lease/HP and with whom?
None

Are they presently insured?
No

Strengths?
A strong, well known and trusted local brand that has been in existance since 2003

Weaknesses?
Possibly too much,, low cost Chinese product in the fashion range

Opportunities?
Additional marketing

Threats?
The economy

What is the reason for the sale?
Owner emigrating

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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FRANCHISE DETAILS

Aldes Egoli

1 members
6 active mandates
Gauteng , Hartbeespoort
51 Woodlands Avenue Peacanwood Estate Hartbeespoort 0216
Hartbeespoort

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