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Top Wedding Dress and Bridal Studio - REDUCED
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Retailing of wedding dresses and bridal accessories. Also brides maids dress collections as well as formal wear for mother of the bride and evening dresses, including moving into matric dresses. Fittings and alterations done in house.


BUSINESS SELLING DETAILS

  Selling Price    1,200,000   Turn Over Per Month     164,745 
  Stock Included 700,000    Profit Per Month 55,104
  Assets Included  150,000   R.O.I %  55%
  Total Price   1,200,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Retailing of wedding dresses and bridal accessories. Also brides maids dress collections as well as formal wear for mother of the bride and evening dresses, including moving into matric dresses. Fittings and alterations done in house.
When was the business established? 2007
How long has the owner had the business? Seller bought the business in 2009
 How Does The Business Operate
How does the business operate on a daily basis Business is owner run and managed and the owner spends 90% of her day in the business generally.About once a week the owner goes fabric shopping, etc.
How are the clients attracted to the business? By the original and unique dresses and the business does not compete with run of the mill competitors that all buy from the same wholesaler. The business makes use of its own factory to produce it's original designs. This also means there is no middle man diluting the profitability of the business.
What Advertising/Marketing is carried out? Updated web site and the business primarily invests in online marketing such as Facebook, Instagram, Wedding Blogs and Style shoots where they collaborate with other industry supplier's.
Does the business have any contract work? They have two boutiques (Mpumalanga and Western Cape) that they supply their locally manufactured dresses to on an ad hoc basis
What competition exists? A variety of bridal boutiques, but generally offering the run of the mill product that doesn't compete well with this businesses offerings.
Seasonal Trends? High season is from September through April, however there is a significant change to winter weddings with the various venues pulling out all the stops to offer great winter wedding packages that are successfully drawing in the brides.
 Financial Information
Vat Registered? Yes
Vat Documentation on File? Yes with the accountant
Management Accounts?  Yes
Audited Financials? 2016 (2017 in process)
What as Cash/Credit Split? 50% - EFT, generally the deposit first installment
50% - Card, generally the balance
Small percentage of cash in the business
Debtors Book Age Analisys No debtors
There is however a pre-sold book to May 2018 worth around R240,000 excluding any alteration income
How can you improve the profitability? Growing into unexplored markets such as matric dresses, custom designs, evening wear and then also consider bringing in a brand name collection. Another untapped lucrative market would be the African brides who generally also require two dresses and not just one. The factory can both design and work from pictures and therefore also help with recommendations. The staff are also excellent at design.
 Is Seller Finance available and if so what is it? No
   Staffing Of the Business
What is the total number of Staff? 5 Staff members
Staff Breakdown 1 x Fashion Designer and sales (5 Years)
2 x Seamstresses (1 year each)
2 x Temp staff for sales (2 years and 1 year)
Staff Special Perks and Bonuses? Fashion designer is remunerated for each design and commission on sales
Temps receive commission on sales
Are the staff on Contract? Yes employment contracts in place
Does any of the staff have management potential? Yes the one staff member is appointed as shop manager
How involved is the Owner in running the business? Totally involved
  Premises Of the Business
When Does the Current Lease ends? April 2019, running two year leases
Is there an option to renew? Yes
What is the annual escalation % 8%
What are the Trading Hours? 09:00-17:00 Mon - Fri
09:00-13:00 Sat and selected public holidays
What is the square meters? 145m²
Is a copy of the lease available? Yes
Do You require a license? No
 Assets Of The Business
Full Asset List available? Yes
 Anything not included in the sale? Owners laptop and the owners personal car is in the name of the CC and will have to be removed if the CC is purchased
 What is condition of the assets Good, Ongoing maintenance and repairs
 Any Assets on Lease/HP that Buyer needs to take over? None
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Established, strong word of mouth following, known for original designs, easy to find and accessible shop, offer hiring and buying options for high quality dresses.
 WEAKNESSES Not currently stocking brand names therfore no studio quality photos of the dresses
 OPPORTUNITIES Matric dance dresses, custom designs, expand bridal accessories collection, incorporate brand name collection(s)
 THREATS No specific threat identified other than the weak economy
 Summary
Why is this a good business Well established and known, very successful, excellent well trained staff, fantastic product line, opportunities to expand the business.
Why is the owner selling it? Missing out on the children and is selling to spend more family time


Business For Sale,Businesses For Sale,Bridal Studio For Sale,Gauteng Business For Sale,Wedding,Dresses,Bridesmaid,Clothing,Accessories

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