South Africa, KwaZulu-NatalSector - Retail
Summary
Golden opportunity to own a branded merchandise retail outlet
Give me more informationFully describe the business's activities?
Retailing Shark's memorabilia and clothing
How does the business operate on a daily basis?
Stock is purchased by the owner and merchandised in the store
What Advertising/Marketing is carried out?
There is continuous media attention focused on the Sharks which attracts the attention of the general public and the Sharks fans in particular
What competition exists?
There is no competition for this store on the KZN South Coast
How could the profitability of the business be improved?
An owner / operator would reduce overheads and boost profitability
Give a breakdown of staff/ functions/ length of service?
Receiving, merchandising, stock control, administration, customer service, selling
One manager with 1 year of service
One assistant with 2 years of service
Do any have management potential?
The manager has performed well
How involved is the Owner in running the business?
The owner is not involved operationally but he does have sound control systems to manage the business
When does the current lease end?
April 2020
What are the trading hours?
8am to 5pm
What are the main assets of the business?
Shop fittings
Stock
Brand name
Location
Strengths?
Powerful brand built on passion
High traffic location
Weaknesses?
Margins squeezed due to number of staff employed
Opportunities?
Owner / operator could reduce overheads
Linkage of brand activity to store activity through social media
Threats?
Lease being allocated to a competitor
What is the reason for the sale?
The owner wishes to retire to devote more time to his family and travel
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