This Ladies Accessories, Clothing and gift Shop is very well located in a shopping centre in the Sandton area. The present owner has had this shop for the past 27 years and has a tried and tested manner in the way her staff run her business, and spends most of her time doing the buying of stock and checking that her shop always has excellent window displays, and is constantly changing her products to keep up with changing trends. The shop is open 7 days a week and owing to the computer POS System that she uses, she is able to check the Daily Cash-ups in the shop remotely, and does not have to spend her days in the store. She does most of the buying in South Africa, although she used to do quite a bit of buying in China, and still has an Agent there if she or the new owner wish to fly overseas to choose and buy stock again.
This is an excellent business, well established for many years, and because of the Pandemic, the Seller has brought the asking price down to R600, 000-00 plus Stock of approximately R250, 000-00, which is well in line with the net Profit being produced currently.
A good solid business, established for many years, and as Covid-19 eventually becomes a thing of the past, this business will no doubt revert very quickly to it's pre-Covid Turnovers, as it is still extremely popular and has long standing regular clientele.
An excellent worthwhile opportunity!!
- Asking Price:
- R900,000 Furniture / Fixtures included
- Sales Revenue:
- Undisclosed
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Location:
-
Well located in a popular Shopping Centre in the Sandton area, with the likes of Woolworths, a Major National Supermarket, Food Outlets, Banks etc etc.
- Premises Details:
-
The store's stock is always well displayed, and although there are other clothing outlets in the centre, their stock is fairly unique and not easily availble in other ladies accessories and clothing stores.
Business Operation
- Reasons for selling:
-
After having been in the business for 23 years the Seller wishes to start a different business, and embark on a change of lifestyle.
- Trading hours:
-
The shop is open 9am to 6pm Monday to Friday; Saturdays 9am to 3pm and Sundays 9am to 2pm.
- Employees:
- The Shop is run by 2 Staff members, while the owner concentrates on the Buying of stock, and overall supervision of the business.
- Years established:
- This store has been open for the past 23 years, and still owned by the original owner.
Other Information
- Support & training:
-
The Seller will stay on for a period to be negotiated, to train the new owner in the way she runs the business now.
- Furniture / Fixtures value:
- R450,000 - included in the asking price
- Inventory / Stock value:
- R1,000,000
