Sectors / Category

Annual turnover

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  • Mandate: 36677
  • Added: 28 May 2024
  • AFS
  • 474

Ladies Clothing Boutique

KwaZulu-Natal, South Coast
474
Mandate 36677
Added 28 May 2024
R 395,000* ZAR
Stock: R 257,000
Assets: R 635
R 10,256 ZAR
Nic Nortje
(PRINCIPAL)
Aldes Prestige
KwaZulu-Natal, Hillcrest
KwaZulu-Natal, Hillcrest
Summary

Unique ladies wear and accessories for the mature woman with a fuller figure.

SELLING PRICE AFS
R 395,000* ZAR
Stock: R257,000
Assets: R635
R 10,256 ZAR
Summary

Unique ladies wear and accessories for the mature woman with a fuller figure.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Ladies clothing, bags, hats and jewelry

How long has the business been established?
22 years

How long has the owner had the business?
22 years

What steps are in place to solve "load shedding" problem?
Centre has generator, solar and water tanks

How does the business operate on a daily basis?
Sales to walk in customers - it is a retail shop in a busy mall

How are the clients attracted to the business?
In mall

What Advertising/Marketing is carried out?
Mall does general advertising

Does the business have any contract work?
No

What competition exists?
Normal clothing stores in mall

What are the seasonal trends?
None

How did the Covid-19 pandemic impact the business turnover / daily operations?
We were down as all other businesses in centre

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Available with accountant

What percentage of the business is cash/credit?
80% Credit Card
20% Cash

What is the age analysis of the debtors book?
No Debtors

How could the profitability of the business be improved?
More stock

What is the total staff complement?
Owner and 2 part-time employees

Give a breakdown of staff/ functions/ length of service?
Staff work one week on, one week off.
1 Staff 10 years
1 Staff new

Do any receive special perks or incentives?
Staff discount

Are they on contract?
One year contracts
Working one week on, one week off

Do any have management potential?
Yes

How involved is the Owner in running the business?
Hands on

Do they have signed employment contracts?
Yes

When does the current lease end?
End January 2025

Is there an option of renewal & what period?
Yes - 1-5 years

What is the annual escalation %?
6%

What are the trading hours?
08:30 - 17:30

What is the square meters of the business?
60sqm

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
1st and last month

What are the main assets of the business?
Point of sale, racks and shelves, counter, credit card machine

Are any items not included in the sale?
Vehicle (Private)

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Fair second hand value

What is the reason for the sale?
Want to retire

Why is this a good business?
Ideal business for a person who wants to semi retire and earn an income

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AGENCY DETAILS

Aldes Prestige

2 members
12 mandates
KwaZulu-Natal , Hillcrest
2 Old Main Road, the Brook Block B, Suite3 , Gillitts, 3610
Hillcrest
4016