Filters
LocationSouth Africa, Northern Cape

Sector - Sales & Services

Asking Price
R3,500,000
Monthly Profit
R 95,332
Asset Value
R 0
Stock Value
R 800,000
Yearly Net Profit
R 1,143,986

Summary

Give me more information

Fully describe the business's activities?

The Fragrant House has a total of 14 branches throughout SA.
The business up for sale here is the original business that was set up by the owner of the Fragrant House group in 2006. Over and above this branch, the owner also set up 13 other branches and businesses for clients in the country over the last 15 years. The owner is currently setting up a branch in Cape Town. If you do not want to buy the branch up for sale here but rather are interested in setting up a business in your hometown or city, please contact us for information.
The business trade with fragrances imported directly from an A grade supplier in France.
The business also saves clients up to 70% on fragrances on there are over 112 different variants.
The business also trade with original big leaders in the handbags, purses and luggage industry.

How does the business operate on a daily basis?

The business trades daily with a consistent turnover.

What Advertising/Marketing is carried out?

Advertising via social media only as this is the most affordable and effective means of showcasing our products.

What competition exists?

The only alternative business in the same location have been trading for many years without any problem.
2 other fragrance stores the area, however the quality is far superior and the clients have not changed from purchasing at any stage.

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

1 x Supervisor
2 x General workers

How involved is the Owner in running the business?

The owner is not 100% involved in the business, more managing the fragrance

When does the current lease end?

The current lease ends in 2 years.

What are the trading hours?

Monday - Thursday 09:H00 - 18H00
Friday - 09H00 - 19:00
Saturday - 09H00 - 17H00
Sunday - 09H00 - 14H00

What are the main assets of the business?

Stock, all items.

Strengths?

Since the business was established in 2006, the business has been in the same location, and is well known to customers.
Our client base is consistent and we have a continuous return of clients.
This business is a franchise and no other fragrance sales are permitted from any other source.
The business is very well known to the customers.
This is a very consistent business and it is very easy to manage.

Opportunities?

Opportunity for new brands to be added by the new owner.
With exception to the fragrances the new owner can add any new stock within the Handbag, Luggage and accessory line.

What is the reason for the sale?

The owner is relocating to Cape Town.

Location

Contact | Enquire

Pierre

Pierre De Klerk

LocationSouth Africa, Free State

Preferred method of contact

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