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PROFILE |
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Description: |
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Armo - the biggest men's jewellery brand in SA, has a proven retail model with strong gross profit margins and multiple store locations in Johannesburg with over 30 wholesalers throughout SA.
From head offices in Johannesburg we are finding it difficult to manage our Cape Town wall shop in Green Point. It is a hands-on approach that will make the greatest impact and the need to withhold the brand integrity will be the utmost in importance here. We are looking for someone based in Cape Town to carry this on.
PRICED for an URGENT SALE
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Industry / Sector: |
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Retail - Store |
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LOCATION |
| State / Province: |
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Western Cape RSA |
| City / Town: |
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Cape Town |
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Location / Area: |
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Green Point |
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Metro Proximity: |
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Cape Town. It should be possible to commute from this metro city to the business location. |
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Portability: |
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This is a very unique set up . We are built against a wall so it's a linear position. Duplication and break down to move is possible but the location is of utmost importance. |
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PRICE |
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Asking Price: |
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R 850 000
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| Conditions: |
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Negotiable subject to conditions |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 38 000 per month
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| Profit: |
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R 28 000 per month
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| Annual Return: |
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40
% per annum
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| No. of Staff: |
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2 |
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Year Established: |
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2023 |
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Legal Persona: |
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- unknown or withheld - |
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Other Information: |
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GENERAL OPERATIONS
We are a simple retail wall shop and this description will make more sense on the images itself. We supply the products to you and you are hands on in management and sales.
-----[ Click the above image to see an enlarged graphic. ]-----
PREMISES
Month to month lease currently but this can be negotiated with landlords who are more than willing to extend.
ASSET STRUCTURING
There are wall mounts and cupboard spaces for the storage. Each item is displayed beautifully in a classy 5 star way to go with our brand.
LOCATION
We are based inside Cape Quarter Village Lifestyle Center in Green Point.
STOCK VALUATION
R270,000 at cost.
R920,000 at retail.
STOCK INCLUDED
Stock is included in the stated asking price.
STAFFING
Existing staff can be used.
NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT
The required training will be provided and no special skills are needed except for passion.
MARKET and CUSTOMERS
There is customer loyalty and stability in the customer base. No competition and strong brand presence in SA.
OPPORTUNITY for GROWTH
There are market opportunities for the owner as in looking for new locations in Cape Town.This has been our hardest point is managing locations there. We have over 30 wholesale sellers in SA and a few in cape Town itself.
-----[ Click the above images to see enlarged graphics. ]-----
LIFESTYLE ISSUES
Trading hours are good and with management in place the owner can definitely take time out.
REASON FOR SALE
The management of staff (and finding the correct staff to work there) is difficult from Johannesburg.
NON-DISCLOSURE AGREEMENT
There will need to be a NDA signed to protect all parties involved.
AVAILABILITY of AUDITED FINANCIALS
All financial results figures can be substantiated.
DUE DILIGENCE
All necessary assistance will be provided.
PROOF of FUNDING REQUIREMENT:
A potential buyer needs to demonstrate that they have access to the required unencumbered cash funds to finance the cash transaction portion of this purchase.
The seller will not provide any documentation, business details or financials and will not accept any offer unless the proof of funding has been provided.
HANDOVER ARRANGEMENTS and TRAINING
The head office staff will assist in this regard.
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