Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Business For Sale. Exclusive Ladies Fashion Boutique - Durban's Upper Highway

LISTING DETAILS
Firms For Sale ID:
31979
Vendor reference:
12750
Vendor website:
     
Printer Friendly
      
Contact Seller
      
Goto Website
More Like This
      
Email Search
      
Add Notes
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$500,000  
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
 
Image Not Found
BUSINESS DESCRIPTION
This exclusive ladies fashion boutique is located within a popular shopping center in Durbanâ??s upper Highway area specializing in the sale of up-market ladiesâ?? clothing and accessories.

First established in 1984, the business has only had three owners which is indicative of the stable and lucrative acquisition it presents. The Seller purchased the business in 1999 and wishes to sell due only to her husbandâ??s pending retirement and their possible relocation to the Cape.

The target market is the classic, elegant customer of style in the 30+ age group and the outlet enjoys a core of loyal local customers as well as those who come from as far afield as Umhlanga and the Natal Midlands.

Opportunity exists to grow the business by expanding the current range offered to include swimwear, sleepwear and/or underwear among others. The outlet currently trades Monday to Friday from 09h00 to 17h00 and on a Saturday from 09h00 to 13h00. Opportunity exists to extend these hours should a purchaser so wish.

The financial performance of the business has improved steadily over the years considering that, in 1999 when the seller acquired the business, it was achieving a monthly turnover of +/- R30k however, this has grown to the point where, current turnover averages +/- R120k per month generating monthly GPâ??S of +/- R60. The outlet averages a pre-tax profit of approximately R30k per month.

The business is owner run assisted by a casual worker who would welcome the opportunity to work additional hours should a purchaser wish to extend the trading hours. The seller has indicated a willingness to remain on in the business for an agreed period of time to train and assist a purchaser in all facets of the business.

The selling price of the business price has been set at R500 000 negotiable but this excludes stock with an estimated cost value of +/- R250k

For more information on this exciting offering, kindly contact Ian Craig on 082 452 8186.