Fully describe the business's activities?
Exclusive distributor of an International Cosmetics brand covering South Africa, Namibia, Botswana, Zimbabwe, Mozambique and Mauritius. The business is growing and with the opportunities in Africa and South Africa, there is ample scope to grow the business. More distributors and stockists to be appointed. They have started to make inroads into the training market as well with two makeup schools already buying from them. There is also the opportunity to establish a branded training academy. The products are suitable for Vegans as well. The business currently has three sub-distributors in South Africa, one in Namibia and three stockists in South Africa. They have also been approached by TakeAlot to supply and sell their product. The business is mainly run online with a small space required for distribution, couriers are used for all distribution. The seller is looking to sell the Going Concern out of the legal Entity and retain the Legal Entity, they will rename the legal entity as required.
How long has the business been established?
The owner started the business in 2017 and has done all the groundwork to date to grow the business to its current level, the seller is looking to retire.
How long has the owner had the business?
How does the business operate on a daily basis?
The business is run by the owner
How are the clients attracted to the business?
Word of mouth and the business has a WebSite and Social Media. As they supply training schools these are future clients of the products.
What Advertising/Marketing is carried out?
Advertising on Social Media platforms, sponsoring of beauty events Sub Distributors also undertake their own advertising They have some makeup schools that also use their products and kits are supplied to the students, this has the benefit that the students will likely continue to use the products once trained. The business is also listed with one of the biggest beauty online sales platforms that offers the sellers products online for sale. The business has distributors and stockists
What are the seasonal trends?
No specific seasonal trends identified
Is the business VAT Registered?
Not currently, in process of registering
Are there up-to-date Management Accounts available?
What is the total staff complement?
No staff, sub-distributors and stockists have their own staff if required
How involved is the Owner in running the business?
Business is run by the seller and a family member assists
When does the current lease end?
The seller runs the business from home, only a small space the size of a single garage would be ample at his stage
What are the main assets of the business?
Only the website and online store. The vehicles in the financials will be retained by the seller, same with laptops and the storeroom packing belongs to a family member., The seller is also not looking to sell the Legal Entity but the Going Concern out of the legal entity.
Exclusive Distributorship for an International cosmetics brand in South Africa, Namibia, Botswana, Zimbabwe, Mozambique and Mauritius.
Appoint additional sub-distributors and stockists Rollout to the other countries Make further inroads into the training space Open a branded training academy
What is the reason for the sale?
Seller is retiring
Why is this a good business?
Having the exclusive distributor rights for an international cosmetics brand for South Africa, Namibia, Botswana, Zimbabwe, Mozambique and Mauritius. Been approached by TakeAlot Established
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Annual Turnover Amount between R 500 thousand and R 6 million