Sectors / Category

Annual turnover

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  • Mandate: 36259
  • Added: 12 Oct 2023
  • AFS
  • 888

Fashion Boutique

KwaZulu-Natal,
888
Mandate 36259
Added 12 Oct 2023
R 1,495,000* ZAR
Stock: R 550,000
Assets: R 168,387
R 52,852 ZAR
Nic Nortje
(PRINCIPAL)
Aldes Prestige
KwaZulu-Natal, Hillcrest
KwaZulu-Natal, Hillcrest
Summary

This profitable women's fashion boutique has been trading for more than 10 years, is located in an upmarket mall and shows excellent return on investment at >40%

Fashion Boutique
SELLING PRICE AFS
R 1,495,000* ZAR
Stock: R550,000
Assets: R168,387
R 52,852 ZAR
Summary

This profitable women's fashion boutique has been trading for more than 10 years, is located in an upmarket mall and shows excellent return on investment at >40%

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Fully describe the business's activities?
Retail and Hiring of special occasion dresses for ladies

How long has the business been established?
11 years

How long has the owner had the business?
since inception

How does the business operate on a daily basis?
Retail AND Online store

How are the clients attracted to the business?
Google adwords, Social Media presence, word of mouth

What Advertising/Marketing is carried out?
Google ads, Instagram ads, Tik Tok and other online promotions

What competition exists?
Other retailers

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All

What Balance Sheet and Income Statements are available?
Most recent AFS

What percentage of the business is cash/credit?
100% cash

How could the profitability of the business be improved?
Increased online sales, a wider hiring range

What is the total staff complement?
6

Are they on contract?
yes

Do any have management potential?
yes

How involved is the Owner in running the business?
Day2day running of the business

When does the current lease end?
September 2025

What is the annual escalation %?
6%

What are the trading hours?
Mo - Fr 09h00 to 17h00; Sat 09h00 to 15h00; Sun 10h00 to 14h00

What is the square meters of the business?
85sqm

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
Bank secured deposit

What are the main assets of the business?
Furniture, fittings, Racking

Are they presently insured?
Yes

What is the reason for the sale?
Owner relocation

Why is this a good business?
This business has been well established for over a decade and is ideal for someone passionate about fashion and design.

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AGENCY DETAILS

Aldes Prestige

2 members
11 mandates
KwaZulu-Natal , Hillcrest
2 Old Main Road, the Brook Block B, Suite3 , Gillitts.
Hillcrest
4016