Sector - Retail
Retail African Curio Shop in Popular Tourist Spot. Large well laid out and stocked shop at the entrance to popular day visitor destination in JohannesburgGive me more information
Fully describe the business's activities?
The business operates a curio shop within a popular tourist destination, well laid out shop at the entrance to the facility
How does the business operate on a daily basis?
The business is operated by a manager and a casual at weekends, however there are no staff during the lockdown, which could be run by a family team and save the managers salary going forward
What Advertising/Marketing is carried out?
None at the moment other than passing trade
What competition exists?
How could the profitability of the business be improved?
Advertising and social media plus perhaps running a mobile bicycle shop
Give a breakdown of staff/ functions/ length of service?
None at the moment
How involved is the Owner in running the business?
The owner was spending a few hours a week at the shop
When does the current lease end?
There is a three year lease in place
What are the trading hours?
09h00 to 17h30 7 days a week, however the business can probably close on Monday and Tuesday if a new owner wished to
What are the main assets of the business?
The shop has been very well fitted at over R300k plus furniture and fittings
Well located with a captive audience, lots of foot traffic, very good margins, some stock is on consignment which saves cashflow
None other than Covid 19
This can be a great little goldmine and with more awareness should grow very well. Put in a mobile unit may assist sales and awareness
None other than Covid 19
What is the reason for the sale?
The sellers other business are all in Pretoria and they want to concentrate their efforts in that area
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