South Africa, Western CapeSector - Sales & Services
Summary
The business imports shoe and foot care products, amongst other local suppliers, and wholesales these products to major retailers.
Give me more informationFully describe the business's activities?
The business imports, as well as sourcing locally, a range of shoe and foot care products which it repackages and wholesales to major retailers using an external delivery service.
How does the business operate on a daily basis?
The business imports products as well as sourcing them locally, re-packages them, receives orders from retailers, and delivers to these clients using outside transport.
What Advertising/Marketing is carried out?
Direct marketing.
What competition exists?
Limited - but there are similar businesses in other regions.
How could the profitability of the business be improved?
Further direct marketing.
By aggressively expanding the customer base.
Give a breakdown of staff/ functions/ length of service?
Manager - 6 years
Assistant 1 - 5 years
Assistant 2 - 2 years
Do any have management potential?
Yes - Manager is loyal and very capable.
How involved is the Owner in running the business?
The owner spends much time overseas but maintains contol at arms length using all internet options.
When does the current lease end?
Monthly lease - unlikely to end because the landlord is a sleeping partner in the business.
What are the trading hours?
5 Days per week - 8.30am to 4.30pm
What are the main assets of the business?
Shelving, computers, office furniture, motor vehicle
Strengths?
Well established in a niche market
Weaknesses?
Heavily reliant on two customers
Opportunities?
Manufacturing of socks ( CMT ).
More direct and aggresive marketing.
Expansion of customer base.
Threats?
As long as current service levels are maintained to two principal customers , then there are no perceived threats.
What is the reason for the sale?
One partner emigrating, the other sleeping partner wishes to realise cash to expand his own business.
Access to the number one business broking tool to get your business sold.
We've got you covered!
We offer an innovative and intuitive
solution for selling your business, franchise and premises
Promote
your business for sale
Reach
the right audience
Gain
more exposure
More businesses you may like
More similar, inspiring businesses for sale
Powder Coating business in sought after location. Well established and profitable.
1,550,000
YNP - R 605,133
Innovative Industrial & Commercial full laundry services offering
1,410,000
YNP - R 550,784
Successful wholesaler and retailer of Motorcycling accessories
10,000,000
YNP - R 2,928,009
Ideal business for an engineering graduate with a solution based environment
5,400,000
YNP - R 2,042,702
Knowledge Bank
Get the latest information, valuable tips and share in the professional knowledge of business experts on selling or buying a business
Buyers
Buying Your First Business
As an entrepreneur, you are always on the lookout for a new opportunity, or to compare your business
Checking the Numbers
Before taking over a business, one should always conduct a proper due diligence. In fact, it is ad
Sellers
Common Mistakes to Avoid when Valuating an Online Business
Unlike other businesses, the online venture may not have any tangible assets such as property, machi
Employees - The Cornerstone of any Business
Employees drive the goodwill of the business and in the case of a change in ownership represent cont
Getting It Right the First Time
Though there may be hundreds of businesses being advertised on websites “for sale”, at any given