"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This business is made up of 4 retail stores located in higher LSM malls selling branded running shoes and apparel.
How long has the owner had the business?
Since inception
How does the business operate on a daily basis?
The business is solely retail based with 2 x brick and mortar stores and 2 x kiosk concept stores.
How are the clients attracted to the business?
All the stores have prime mall positions with fresh and trendy store layouts.
What Advertising/Marketing is carried out?
Facebook
Instagram
Mall signage and webpage
What competition exists?
There are other sports apparel stores, however this business boasts top national sales outlet for certain running brands.
What are the seasonal trends?
Summer months are better trading months,
Is the business VAT Registered?
Yes
What VAT documentation is on file?
Vat reports are available.
Are there up-to-date Management Accounts available?
Yes, 12 months trading history available.
How could the profitability of the business be improved?
- The concept can be replicated in other malls around SA.
- Open an online store.
What is the total staff complement?
7 staff, these stores operate on a low staff compliment.
Give a breakdown of staff/ functions/ length of service?
Staff perform basic sales functions.
Do any have management potential?
Yes, staff currently open and close stores.
How involved is the Owner in running the business?
The owners are partially involved as they have other business interests besides this business.
When does the current lease end?
All leases have renewal clauses and will be available to qualified buyers.
What are the trading hours?
Mall hours
Is a copy of the lease available?
Yes.
What lease deposit and/or other surety is required?
2 months exit rental.
What are the main assets of the business?
Inventory, shopfitting and point of sales makes up a large portion of the assets.
What is their overall condition?
Good working condition.
Are they presently insured?
All assets are comprehensively insured.
Strengths?
Top performing stores with high-end locations.
Weaknesses?
Retail hours and high stock holding.
Opportunities?
- Rollout more stores in other malls.
- Online store.
Threats?
None perceived.
What is the reason for the sale?
Owners want to part ways and focus on other business interests.
Why is this a good business?
Extremely profitable retail outlets with minimal setup costs.
Annual Turnover Amount between R 500 thousand and R 6 million
