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LocationSouth Africa, Eastern Cape

Sector - Retail

Asking Price
R4,500,000
Monthly Profit
R 137,062
Asset Value
R 220,000
Stock Value
R 3,800,000
Yearly Net Profit
R 1,644,741

Summary

33 Yrs established, iconic, high end men's outfitters.

Give me more information

Fully describe the business's activities?

High end clothing (mainly men's imported), retail. Also sells accessories and shoes.

How does the business operate on a daily basis?

Retail clothing shop.

What Advertising/Marketing is carried out?

No advertising is done currently.

What competition exists?

Very little competition exits. The chain stores do not offer this exclusive variety of unique imported clothes and accessories.

How could the profitability of the business be improved?

Turnovers can be improved with more advertising and to introduce online shop facilities.

Give a breakdown of staff/ functions/ length of service?

Managers 15 yrs. 3x sales persons 5 yrs.

Do any have management potential?

There is a manager in place.

How involved is the Owner in running the business?

The owner is 100% involved in running the business.

When does the current lease end?

The owner is also the landlord.

What are the trading hours?

Mon- Sat 09H00- 18H00, Son 09H30- 13H30.

What are the main assets of the business?

- Computer and point of sale systems.
- Furniture and fittings.
- Display cabinets.
- Security system.
- Tailor shop machinery & equipment.

Strengths?

Well known and long established. Niche market of clients. Loyal employees. Strong imported brands. Little or none competition. Well located upscale gallery/ destination mall.

Weaknesses?

Long hours.

Opportunities?

To advertise and introduce online sales.

Threats?

Normal economical threats.

What is the reason for the sale?

Owners to retire.

Location

Contact | Enquire

Jaco

Jaco du Plooy

LocationSouth Africa, Western Cape

Preferred method of contact

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