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2x Ladies Accessories And Clothing Stores For Sale

Sandton area, Gauteng
Asking Price:
R2,000,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This is a group of 2x Ladies Accessories, Clothing and Gift Shops which are strategically located in 2 excellent shopping centres in the Sandton area, and owned by the same person. The present owner bought her first shop 18 years ago and acquired the 2nd outlet about 10 years ago. Both stores trade under the same name and operate according to the owner's tried and tested formula. Each store has a manager and a shop assistant that run the stores from day to day, and the owner spends her time visiting each store from time to time checking on the stock and handling the Buying, as well as checking all the 'Cash-ups' from each store. Most of the buying is done locally, although the owner does buy overseas product from time to time.
The 2 shops are being sold together, as the Seller has found that it is easier and cheaper to buy stock for 2 shops at once, as of course one gets better prices for buying quantity, however should a Buyer wish to purchase only one branch it is open for discussion.
Having been in the market place for so long has resulted in the name of the shops being well known, and aside from their passing trade they have also become destination stores because of the top reputation, excellent products and good service.
A brilliant opportunity for a hands on owner to make a good living, enjoy a quality lifestyle and still have a business with plenty of room for growth and expansion!!!

Property information

Real Estate:

Lease

Location:

There are 2 different stores well located in 2 key Malls in the Sandton area.

Premises Details:

Both shops are all based on the same format, with the same name, and all operated in a similar fashion.

Business Operation

Expansion Potential:

There is plenty of room for the turnovers to grow by just advertising and promoting the business for starters, (although they are already very profitable), and of course there is always an opportunity to open more stores elsewhere.

Reasons for selling:

The owner has been in this business for many years, and wishes for a new challenge that does not require her to work on weekends.

Trading hours:

Although the operating hours differ slightly from shop to shop, they are generally open on Monday to Friday from 9am - 6pm.
Saturdays: 9am - 3pm and Sundays: 9am - 2pm.

Employees:
There are 2x staff members in each shop, a Manager and an assistant, while the owner makes sure that the stores are stocked properly, and does all the buying.
Years established:
The first store was opened nearly 19 years ago.

Other Information

Furniture / Fixtures value:
R500,000 - included in the asking price
Inventory / Stock value:
R600,000

Contact Information

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