Filters
LocationSouth Africa, KwaZulu-Natal

Sector - Retail

Asking Price
R150,000
Monthly Profit
R 13,147
Asset Value
R 0
Stock Value
R 139,680
Yearly Net Profit
R 157,759

Summary

Golden opportunity to own a branded merchandise retail outlet

Give me more information

Fully 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

Location

Contact | Enquire

Malcolm

Malcolm Keevy

LocationSouth Africa, Gauteng

Preferred method of contact

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