Business For Sale,Businesses For Sale,School Clothes,Shop,Retail,Gauteng Business For Sale
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School clothing shop based on premises school premises
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Business For Sale


BUSINESS FOR SALE OVERVIEW


School clothing retailer based on the schools premises, perfect for a parent that wants school holidays free to be with the kids. Has sole rights to supply all sport clothing for school with great operating hours of 1 hour in the morning and two in the afternoon. Staff member in place


BUSINESS SELLING DETAILS

  Selling Price     620,000   Turn Over Per Month     51,948 
  Stock Included 550,000    Profit Per Month 13,059
  Assets Included  10,000   R.O.I %  14%
  Total Price   620,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Retailer of School Clothing and sole supplier of sport uniforms to the school. The business operates one hour in the mornings and two hours in the afternoons and one Saturday a month, the current owner is there in the mornings and the staff member in the afternoons, however if you have the time you could dispense with the staff member and retain the cost of R100 per hour, two hours per day for yourself.

This is a fantastic opportunity to acquire a nice low risk business as there is a contract in place with the school that should the uniform change the business has six months to sell old stock and any stock left at the end of the period will be bought by the school at cost. A similar agreement is in place should the school terminate the agreement that they will buy the stock from the business at cost!

Please note that the seller is registered for VAT and if the Purchaser of this business is not VAT registered and does not wish to voluntarily register for VAT then VAT will have to be charged on the purchase price!
When was the business established? Since 2012
How long has the owner had the business? The owner started the business
 How Does The Business Operate
How does the business operate on a daily basis The business is staff run with owner oversight
How are the clients attracted to the business? The shop is on the school premises
What Advertising/Marketing is carried out? Placement of an advert in the school diary
In October and November a 15% discount is offered to new scholars (i.e. grade 8)
Does the business have any contract work? No, but the shop has a contract with the school to operate on the premises as well as being the sole supplier of sports uniforms
What competition exists? On the school uniform side there are various competitors such as Pep, Ackermans, Woolworths, etc. especially for the normal Grey and White boys clothes.
Seasonal Trends? Depending on the season it will be Summer Uniforms and Sports clothing or Winter Uniforms and Sports Clothing
 Financial Information
Vat Registered? Yes, as part of a group but the only this shop is available as part of the offer.
Vat Documentation on File? Is part of the group and incorporated in the group.
Management Accounts? Yes specifically for this business
Audited Financials? Incorporated into the larger group
What as Cash/Credit Split? Only sell on credit to the school (coaches)
Debtors Book Age Analisys N/A
How can you improve the profitability? Additional hours, adding additional services such as embroidery and selling of 2nd hand clothing, etc.
 Is Seller Finance available and if so what is it? No
   Staffing Of the Business
What is the total number of Staff? One staff member
Staff Breakdown Started Aug 2017, on contract and paid hourly, cashier and shop assistant
Staff Special Perks and Bonuses?  No
Are the staff on Contract? Yes, hourly paid for hours worked only
How involved is the Owner in running the business? Overview only
  Premises Of the Business
When Does the Current Lease ends? No lease
Is there an option to renew? Contract with the school in place
What are the Trading Hours? 07:00 to 08:00 and 14:00 to 16:00 Monday to Friday
One Saturday a month
 Assets Of The Business
Full Asset List available? Full asset list is on file
 Anything not included in the sale? Yes, only as per the asset list
 What is condition of the assets Fine as mostly consists of shelving, ongoing repairs and maintenance performed as required
 Any Assets on Lease/HP that Buyer needs to take over? None
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Shop is based on the school premises and has a captive market
Only three hours per day
Closed during the school holidays
 WEAKNESSES Closed during the school holidays
 OPPORTUNITIES Additional services and products can be offered, e.g embroidery which is currently outsourced
 THREATS None identified
 Summary
Why is this a good business Are the sole supplier of the schools sports uniforms and would ideally suit a parent as they would then also have the school holidays off when the children are on holiday.
Why is the owner selling it? Seller wishes to concentrate on a private school they are also currently servicing


Business For Sale,Businesses For Sale,School Clothes,Shop,Retail,Gauteng Business For Sale

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have viewed this page since 8 August 2018