Fully describe the business's activities?
This business sells quality lifestyle shoes, bags and accessories for ladies and men, with a distinctive style .
How long has the business been established?
Was established in 2015
How long has the owner had the business?
How are the clients attracted to the business?
This business is well known in the mall and area. They have an established client base. They also sell the best quality products and at competitive prices. Word of mouth attract a lot of new business every month.
What Advertising/Marketing is carried out?
Facebook and word of mouth.
What competition exists?
Some in the area.
What are the seasonal trends?
Sales are constant right throughout the year, trade is consistent.
How did the Covid-19 pandemic impact the business turnover / daily operations?
The pandemic had a impact on sales
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Lower rental was negotiated and a better market specific marketing plan was implemented.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Yes ending 30 June 2020
What Balance Sheet and Income Statements are available?
Yes ending 30 June 2020
What percentage of the business is cash/credit?
50/50 cash /card transactions
How could the profitability of the business be improved?
Need to do more online sales
What is the total staff complement?
Owner manages and runs the business daily because of the Covid pandemic, but you need only one staff member to run the business.
How involved is the Owner in running the business?
When does the current lease end?
Currently on a month to month lease because the business is for sale.
Is there an option of renewal & what period?
Yes for 3 years
What is the annual escalation %?
What are the trading hours?
From Monday to Saterday from 9hoo to 17hoo
What is the square meters of the business?
60 Square meter
Is a copy of the lease available?
Yes on request
What are the main assets of the business?
Stock currently at R566 800 Fixed assets at R153 300
Are any items not included in the sale?
Sold lock, stock, and barrel
What is their overall condition?
In Very good condition
Do any require repairing?
How have they been valued ?
Values show in Financials dated 20 June 2020
Which assets are on lease/HP and with whom?
Are they presently insured?
This business is well established. This business did very well before Lockdown. Based in a well known mall with a very favorable rental
Online shopping / trading.
Mostly economic factors. We dont know what the effect of covid 19 will have on the business going forward.
What is the reason for the sale?
The seller is from Romania. She wants to return to Romania
Why is this a good business?
Showing good profits. Did well before Lockdown.
What is the price plus stock and the profit?
Selling for R350 000 plus stock. Profit R28 000 per month.
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