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PROFILE |
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Description: |
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This boutique is the most well-known boutique in the Garden Route and has been operating for nearly 30 years, 15 years of which with the current owner. Situated in the hub of the Garden Route in a good location (busy street) and surrounded by various businesses, retail shops, offices, etc. This shop is very neat and spacious and the owner takes great pride in her displays of the clothing and accessories. The boutique (retail) sells upmarket women's clothing, shoes, handbags and jewellery. They also manufacture clothes on a small scale. |
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Industry / Sector: |
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Clothing, Textiles and Services |
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LOCATION |
| State / Province: |
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Western Cape RSA |
| City / Town: |
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Garden Route |
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Location / Area: |
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Busy street |
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Portability: |
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Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
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PRICE |
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Asking Price: |
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R 1 100 000 |
| Conditions: |
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Price includes stock of approx. R480 000. Assets valued at R110 000 |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 51 496 per month
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| Profit: |
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R 11 000 per month
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| Annual Return: |
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12
% per annum
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| No. of Staff: |
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3 |
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Year Established: |
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30 |
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Legal Persona: |
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Close Corporation |
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Other Information: |
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MANUFACTURING
Small scale manufacturing of clothes are primarily for the bigger sizer woman. The owner designs these garments herself and she has a machinist who manufactures the garment.
BUYER PROFILE
The new owner must be an adventurer, she must have a passion for textiles, clothing and people! She must see a challenge in everything she does and must make the business her own - you can not leave a business like this to a manager to run as clients ask for personal attention! New owner must leave her stamp on the business and be hands-on with the clients. The ideal scenario would be a mother/daughter combination.
FINANCIAL
Purchase price is R1 100 000 including stock of +/- R480 000 and assets of R110 000.
HANDOVER
Owner is willing to stay on in the shop for any period of time negotiated with her and will also assist the buyer during the first three overseas trips to ensure a smooth take over.
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