Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Business For Sale. Exclusive, Up-market Ladies Fashion Boutique

LISTING DETAILS
Firms For Sale ID:
32104
Vendor reference:
12980
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$1,700,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This lucrative and elegantly appointed Umhlanga Rocks business opportunity represents an exclusive, retail, ladies fashion boutique which includes a childrenâ??s boutique as well as a range of imported cosmetics and skin care products.

The business was first established by the Seller in 2007 and stocks high-end international brands most of which are not available in South Africa.

This popular trademark named and branded business is a â??best-in-classâ?ť, high profile business which is particularly well known and patronized by Clients from as far afield as Johannesburg and Capetown and the business boasts a healthy database of both local and seasonal trade the latter comprising people from distant locations.

The primary target market is Ladies in the 25-50 year age-group and Clients are attracted by word-of-mouth and bulk sms advertising to the existing clientele.

While the Seller is involved in the day-to-day running of the business, generally, the management of the outlet is left in the hands of a very capable and competent Sales Manager who has been with the business since inception.

Average monthly turnover is approximately R235k with nett pre-tax monthly profits of +/- R60k. All financial information can and will be verified and all sales records have been retained since inception.

The Seller is the mother of a young child and wishes to dedicate her time to a quality family life. Prior to the birth of the child, this business performed at far more profitable levels however, the gradual withdrawal of the Seller from the business has impacted negatively on its performance such that, in the ownership of a fully dedicated, hands-on owner-operator, there is definitely opportunity to revert to past, increased levels of profitability.

Moreover, there is great potential to grow the brand as it is a high-profile, well known brand and the Seller has been approached on several occasions by parties enquiring about its possible expansion to other locations around the country.

The business lends itself well to its own â??houseâ?ť brand of clothing line but to warrant the investment, expansion would be a necessity and this could lead to the stocking of other high-end stores brands. This is another idea that has been proposed by compatible in-vogue high-end boutiques.

All round, a great investment opportunity which at R2.35 million (including +/- R650k in stock), represents a return on investment of 30% and/or a payback of + 40 months.

For more information, kindly contact the listing Broker.