Two Ladies Accessories And Clothing Stores In Gauteng For Sale

Business description

These 2 stores may be purchased separately or together. The older of the two shops is in the Sandton area and has been etablished for 21 years, and the present owner has had it since 1997. The second store is in the Roodepoort area in a large shopping mall, and has been open for 7 years. Both stores are manager run as the owner has a 3rd store as well, and is about to open her 4th business in a few month's time. It is because of this that she feels it is time to sell these two stores and consolidate as she no longer wishes to be so heavily involved. Both stores are making an average monthly net profit of R25k, after Vat, each. Although the stores are manager run the shops have excellent margines because the owner does all the buying overseas herself, and will train and take the new owner overseas with her to show her where and how to buy. These stores are very well established and well known, and sell items such as costume jewellery, hand bags, evening bags, scarves, hats, necklaces, bracelets, earings, clothing and generel ladies wear. As mentioned above, the present owner has many years of experience in the business and will pass on her knowledge to the new owner. Obviously if the new owner is able to spend a bit of time in the shops personally it will make a huge difference. This is a good opportunity for a retail orientated person to purchase 2x well established and well known businesses and develop and expand them further.

Property information

Location:

There are two shops, one in the Sandton area and one in Roodepoort. They can be bought together or separately. They are manager run at the moment.

Business Operation

Reasons for selling:

The owner will soon own 4 outlets and wishes to consolidate.

Trading hours:

Roodepoort: Mon - Thurs 9am - 7pm. Fri. 9am - 9pm Sat. 9am - 6pm & Sun. 9am - 5pm.
Sandton: Mon - Fri 9am - 5pm. Sat 9am - 3pm. Sun. Closed.

Employees:

The shop in the Sandton area has 2x managers and the one in Roodepoort has 3x managers.

Other information

Support & training:

All support and training will be given by the seller.

Furniture / Fixtures value:

R150,000 (included in the asking price)

Inventory / Stock value:

R150,000