Ref. No - BFS935800
South Africa, GautengRef. No - BFS935800
Sector - Retail
Asking Price
R12,200,000
Monthly Profit
R 472,726
Asset Value
R 932,243
Stock Value
R 2,200,000
Yearly Net Profit
R 5,672,711
Summary
4 x Retail outlets selling branded athletic sneakers and apparel.
Give me more informationFully describe the business's activities?
This business is made up of 4 retail stores located in higher LSM malls selling branded running shoes and apparel.
How does the business operate on a daily basis?
The business is solely retail based with 2 x brick and mortar stores and 2 x kiosk concept stores.
What Advertising/Marketing is carried out?
Facebook
Instagram
Mall signage and webpage
Mall signage and webpage
What competition exists?
There are other sports apparel stores, however this business boasts top national sales outlet for certain running brands.
How could the profitability of the business be improved?
- The concept can be replicated in other malls around SA.
- Open an online store.
- Open an online store.
Give a breakdown of staff/ functions/ length of service?
Staff perform basic sales functions.
Do any have management potential?
Yes, staff currently open and close stores.
How involved is the Owner in running the business?
The owners are partially involved as they have other business interests besides this business.
When does the current lease end?
All leases have renewal clauses and will be available to qualified buyers.
What are the trading hours?
Mall hours
What are the main assets of the business?
Inventory, shopfitting and point of sales makes up a large portion of the assets.
Strengths?
Top performing stores with high-end locations.
Weaknesses?
Retail hours and high stock holding.
Opportunities?
- Rollout more stores in other malls.
- Online store.
- Online store.
Threats?
None perceived.
What is the reason for the sale?
Owners want to part ways and focus on other business interests.
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