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Kryolan Kzn In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R5,750,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

A once in a lifetime opportunity to acquire the distribution rights for Kryolan in KZN.

Kryolan, the global professional make-up brand, with a footprint in more than 90 countries across the world, is up for sale. With more than 75 years experience in the industry, and 8 years trading history since the flagship store opened in Morningside, Kryolan has been able to lead the professional make-up industry by becoming the go-to brand for most major stylists. Sale includes 4 retail stores namely Gateway, La Lucia, Pavilion and Windermere. Extensive wholesale and retail database with rights for the entire KZN territory. Stock, all operations and training support included. There is also an extensive opportunity to expand the brand within KZN, with a key staff compliment, this business is ready to be taken to new heights.

Over time Kryolan has forged strong relationships within the KZN territory and are the preferred brand/business for these annual Fashion Events:

Vodacom durban july

Gateway fashion extravaganza

Durban fashion fair

These are 3 of the main fashion events hosted annually within SA and Kryolan have been the preferred supplier/brand for the past 5 years on all of the above. The Marketing and Exposure generated from these events is immense and covers Print, TV and Radio.

Kryolan KZN was awarded Fashion business of the year in 2019 by the eThekwini Municipality.

The operations manager has been in the business for 6 years and is key to any new owner as she can run the entire business.

Property Information

Real Estate:

Lease

Location:

Stores primely located in Gateway Theatre of Shopping, Pavilion Shopping Centre, La Lucia & Windermere.

Premises Details:

Prime retail position.

Business Operation

Reasons for selling:

The owner wants to pursue other business interests.

Trading hours:

9am - 5pm (Retail Hours)

Employees:
10
Years established:
8 Years

Other Information

Support & training:

Current Owner is prepared to guide the handover/transition for a period of up to 2 months with 1 more month optioned if deemed necessary.

Financing available:

No

Furniture / Fixtures value:
R2,400,000
Inventory / Stock value:
R1,000,000
Relocatable:
This business can be relocated.

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