How does the business operate on a daily basis?
The business is open 7 days a week from 9 to 6.
Staff will interact with clients and potential clients, selling the clothing ranges and accessories

How are the clients attracted to the business?
The location of the centre attracts regulars and a good number of tourists visit the centre.
Most of the marketing happens via word of mouth and the regular visitors to the area.

What Advertising/Marketing is carried out?
Should the Centre have some kind of activity, the boutique will participate eagerly

What competition exists?
There are no other clothing stores int he centre

What are the seasonal trends?
School Holidays, long weekends, Christmas, Easter, Valentine days, matric farewells and birthdays are busy days

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
The business runs as a SOLE PROP.

What percentage of the business is cash/credit?
100 % COD

How could the profitability of the business be improved?
Online Marketing

What is the total staff complement?
The owner plus 3 ladies working shifts.

Give a breakdown of staff/ functions/ length of service?
Two ladies have been working on and off for the last 3 years on an hourly tariff.
They serve customers by selling them clothes and accessories, cleaning the shop, packing away stock and dressing the windows.

One lady comes in once a month to clean the windows and deep clean the shop.

Do any receive special perks or incentives?
They get an hourly tariff with 7 % commission on sales.
Furthermore, they get clothing and accessories at discounted prices.

Are they on contract?
No - although they are only working on and off, no contracts have been drawn up

Do any have management potential?
Yes the one lady does.
The staff ran the business while the owner was sick in 2023.

How involved is the Owner in running the business?
The Owner does all the buying and goes into the store in the morning part of the day.

When does the current lease end?
September 2026

What is the square meters of the business?
36

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
2 months rent , one month deposit and first month rent

What are the main assets of the business?
Store shelving / stands for clothing and jewellary
Cupboards
Persian carpet,
Chandelier
Mannequins

+- R65 000 conservative calculation

Are any items not included in the sale?
No

What is their overall condition?
Good

How have they been valued ?
2ND HAND VALUE

Are they presently insured?
No insurance has been taken out

Strengths?
Excellent Location as it is visible from all over the Centre
Known by all patrons and visitors
Excellent reputation

Weaknesses?
No online visibility

Opportunities?
Online visibility will draw more sales, more local designers will supply consignment stock

What is the reason for the sale?
The owner is selling due to health reasons.