Fully describe the business's activities?
Retail outlet and online shop promoting a conscious living concept. They sell an exclusive range of eco-conscious clothing, accessories, decor items, etc., manufactured locally and imported from Thailand and Nepal.
How long has the business been established?
The first store in South Africa opened in 2007.
How long has the owner had the business?
How does the business operate on a daily basis?
Serving customers visiting the walk-in shop. Processing orders received through the online shop. Maintaining stock by regular stock take and re-ordering as necessary. General administrative activities.
How are the clients attracted to the business?
Walk-in trade Website/Online store Social media
What Advertising/Marketing is carried out?
Mainly advertising via website and social media and to regular customers via WA.
What competition exists?
This is a unique concept store located in an upmarket area.
How did the Covid-19 pandemic impact the business turnover / daily operations?
The store was closed during the initial phase of total lock-down which negatively reflected on the T/O, but once it opened up and online orders could be shipped, the business picked up pace again and the operation has returned to 'normal' to a large extent.
Is the business VAT Registered?
The business is VAT registered.
Are there up-to-date Management Accounts available?
Up-to-date financial information are being prepared and will be made available on request.
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
Meticulous stock control and control of overheads and general expenses will benefit the profitability of the business.
What is the total staff complement?
Two full-time sales staff.
Do any receive special perks or incentives?
In addition to salaries, staff receive incentive bonuses from time to time.
How involved is the Owner in running the business?
The owner visits the store on a daily basis for 2 - 3 hours.
When does the current lease end?
The current lease ends in 2021 (3 years)
What is the annual escalation %?
What are the trading hours?
09:00 - 18:00 Monday-Friday Winter months 09:00 - 17:00 Saturday 09:00 - 19:00 Monday-Friday Summer months 09:00 - 15:00 Saturday Closed Christmas and New Year.
What is the square meters of the business?
Is a copy of the lease available?
A copy of the lease is on file.
What lease deposit and/or other surety is required?
R36,000 deposit required
What are the main assets of the business?
Main assets include stock and display shelves.
Are any items not included in the sale?
Few personal items in the store. Vehicle - negotiable.
Which assets are on lease/HP and with whom?
Will Seller settle or Buyer to take over?
Are they presently insured?
All items are fully insured.
Unique product Great location in upmarket area Loyal/regular customers Overseas tourists (once borders open up again) Lifestyle (allows owner to travel) Good cash flow
Meticulous stock control required
The owner believes the store lends itself to being franchised Open more stores in upmarket areas with high tourist feet
Current economy and effect of COVID-19 worldwide pandemic Travel risks and limitations
What is the reason for the sale?
The seller wishes to return to the UK .
Why is this a good business?
The business is well established with a loyal customer base. It has survived the COVID-19 lock down, and the seller believes it will bounce back to its former profitability in the not too distant future. The business is ideal for an entrepreneur who will view this opportunity with enthusiasm and who has a passion for balanced living combined with a flair for colour and design.
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Annual Turnover Amount between R 500 thousand and R 6 million