*** SOLD ***
Upmarket,Exclusive Bridal & Evening Wear Boutique
About this business for saleUpmarket,Exclusive Bridal & Evening Wear Boutique
This listing represents a superbly appointed Bridal and Evening Wear Boutique situated in an upmarket shopping Centre in central Pietermaritzburg.
The Centre has various popular, in-demand outlets that ensure a steady foot count and patronage to the boutique.
The garments stocked are both stunning and exclusive and comprise a wide range of evening and bridal gowns with the middle to upper-class being the ideal target market.
Over and above, the likes of tiara’s, veils, petticoats, earrings, necklaces, handbags, boleros, garters and other wedding accessories make up the range.
The outlet enjoys the custom of many local government officials as well clientele from the numerous private schools in and around the area.
The business is relatively new having been first established February 2013. In the short time since, the outlets performance has been particularly encouraging and there is definite scope for growth.
The business was opened for a family member who recently elected to accept an employment offer she could not refuse. Consequently, the Seller is forced to sell as she has various other business interests that are consuming of her time to the extent that, she doesn’t have the time necessary to run what is essentially an owner-run business.
Average monthly turnover for the period March 2013 to September 2013 was R79 111 with a PBIT of R1666.00 however, as an owner-run business, profits can be improved by an additional > R12.5k a month as a manageress would no longer be a requirement.
The business is listed at R380k for a quick sale which includes R350k in stock at cost. This is tantamount to an asset sale (fixtures, fittings, furnishings and stock) as the Seller is keen to dispose of the business as soon as possible.
It would be required that a Purchaser took over the existing lease which expires in 2015.
For more information, kindly contact the listing Broker.