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Urgent Sale! Exclusive Ladies Fashion Boutique In Umhlanga For Sale

Umhlanga, KwaZulu - Natal, South Africa
Asking Price:
R700,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Exclusive Ladies Fashion Boutique – Umhlanga. Sale of an urgent nature as seller needs to relocate soon!

This Boutique has been in business for over 10 years and it is situated in upmarket premises with plenty of secure parking.

Very popular, it focuses mainly on up market exclusive fashion wear for formal events such as The Durban July, school dances, weddings and end of year functions etc.

Existing sales account for about 90% of the current trade but their online shopping is becoming more and more popular. The owner is assisted by one full time staff member and five contract workers who are employed on an in-need basis.

The business has an annual net profit (EBIDTA) of over R600,000 and offers an excellent return on investment.

The owner intends relocating which has created a wonderful opportunity for a fashion passionate buyer to acquire a very well established, well located and profitable business.

The asking price is R700,000 excluding VAT and stock (valued at about R500,000). Highly Negotiable.

Property Information

Real Estate:

Lease

Location:

Umhlanga, Durban, KZN

Business Operation

Reasons for selling:

Relocating

Employees:
7
Years established:
10

Other Information

Inventory / Stock value:
R500,000