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Two Ladies Boutiques In Leading Shopping Malls For Sale

Hermanus, Western Cape
Asking Price:
R890,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R2,424,708
Cash Flow:
R678,199

These businesses were opened, one in 2010 and the other one 10 months ago, in Hermanus’s most popular malls. They cater for women of all age groups, and have gained a reputation for always supplying top quality products coupled with the very best personalised service. They are sellers of all the top Brands. These are excellent personalised Boutiques and perfect for a new and experienced 'hands-on' owner to develop and grow to the next level. They have a large, loyal client base who are very regular shoppers, and this coupled with a large volumes of passing trade in the centre, ensure prosperous positive sales figures.

Property information

Real Estate:

Lease

Lease Terms:

Lease period for one shop is till October 2020 and the other one is till December 2019 and both leases are renewable.

Leasehold Rent:

R539,731 per annum

Location:

These shops are located in the most popular malls in Hermanus

Premises Details:

The premises these shops are in are very well exposed and attractive.

Business Operation

Expansion Potential:

The owner needs to sell owing to ill health and would like to hand it over to an entrepreneur who has a fashion interest and wants to be take the shops to higher level because it has potential to grow exponential.

Competition / Market:

There are other clothing outlets in the centre but they are not in direct competition or opposition.

Reasons for selling:

The owner needs to sell owing to ill health.

Trading hours:

Mondays to Fridays 9:00 to 18:00, Saturdays 9:00 to 17:00 and Sundays 9:00 to15:00

Employees:
The owner employs a full time Shop Manager, in each shop, who is capable of running the business on their own, however the owner also works full time in the shop and also has four permanent employees.
Years established:
8 years

Other Information

Support & training:

The owner will stay on for a period to be negotiated should the new owner wish the seller to spend a month or so doing the handover.

Furniture / Fixtures value:
R483,130 - included in the asking price
Inventory / Stock value:
R450,000 - included in the asking price

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