*** SOLD ***
Tailor and Seamstress - Hillcrest, KwaZulu-Natal
About this business for saleTailor and Seamstress - Hillcrest, KwaZulu-Natal
The current owner started the business in November 2005. Located in the Heritage Market and positioned right at the entrance of the Shopping Centre, this business has excellent exposure from the road. Customers are drawn from the local environs and the good reputation of the business has been built purely by referrals and word-of-mouth.
The owner has never advertised her services thus, this alone would suggest huge opportunity as the majority (by far) of existing business is derived from word-of-mouth and repeat customers. Work is also brought in from both the Hillcrest branch of Milady's and Scruples in Kloof and indications are that if a Buyer were to offer a collection and delivery service, numerous other fashion outlets from in and around the area would gladly offer this business their work.
Average monthly turnover is recorded at +/- R34000.00 with average monthly profits of +/- R15000.00. All assets are in good working condition and are serviced and maintained on a regular basis. Apart from the owner, the staff compliment comprises four permanent seamstresses/tailors, as well as one part-time assistant. All staff are well versed and trained in their individual tasks and responsibilities.
The owner firmly believes that a progressive, energetic owner-operator could about double the business without too much effort. At an asking price of R180, 000, this would be a great buy for someone wanting to invest in this market sector. With a payback period of 12 months and return on investment of 100%, opportunities like this do not come along too often.