Ref. No - BFS936910
South Africa, Western CapeRef. No - BFS936910
Sector - Retail
Asking Price
R450,000
Monthly Profit
R16,842
Asset Value
R 65,000
Stock Value
R 158,000
Yearly Net Profit
R 202,100
Summary
This boutique is situated in an ideal location in the centre. Well-known with great reviews.
Give me more informationFully describe the business's activities?
This unique boutique sells clothing and accessories in a well-known center on the Western Seaboard.
The seller wants to retire.
She also works in the business for certain hours, but we have very reliable staff who open and close when needed.
The seller wants to retire.
She also works in the business for certain hours, but we have very reliable staff who open and close when needed.
How does the business operate on a daily basis?
The business is open 7 days a week from 9 to 6.
Staff will interact with clients and potential clients, selling the clothing ranges and accessories
Staff will interact with clients and potential clients, selling the clothing ranges and accessories
What Advertising/Marketing is carried out?
Should the Centre have some kind of activity, the boutique will participate eagerly
What competition exists?
There are no other clothing stores int he centre
How could the profitability of the business be improved?
Online Marketing
Give a breakdown of staff/ functions/ length of service?
Two ladies have been working on and off for the last 3 years on an hourly tariff.
They serve customers by selling them clothes and accessories, cleaning the shop, packing away stock and dressing the windows.
One lady comes in once a month to clean the windows and deep clean the shop.
They serve customers by selling them clothes and accessories, cleaning the shop, packing away stock and dressing the windows.
One lady comes in once a month to clean the windows and deep clean the shop.
Do any have management potential?
Yes the one lady does.
The staff ran the business while the owner was sick in 2023.
The staff ran the business while the owner was sick in 2023.
How involved is the Owner in running the business?
The Owner does all the buying and goes into the store in the morning part of the day.
When does the current lease end?
September 2026
What are the main assets of the business?
Store shelving / stands for clothing and jewellary
Cupboards
Persian carpet,
Chandelier
Mannequins
+- R65 000 conservative calculation
Cupboards
Persian carpet,
Chandelier
Mannequins
+- R65 000 conservative calculation
Strengths?
Excellent Location as it is visible from all over the Centre
Known by all patrons and visitors
Excellent reputation
Known by all patrons and visitors
Excellent reputation
Weaknesses?
No online visibility
Opportunities?
Online visibility will draw more sales, more local designers will supply consignment stock
What is the reason for the sale?
The owner is selling due to health reasons.
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