Luxury Clothing Business For Sale

R 85,000

a year ago2415 views
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General Details
For Sale By:Owner
Description
Established and fully operational online apparel business that has been running for 6 months - see it at www.7veils-clothing.com and #sevenveilsofficial. The brand is digitally native and has a fully set-up online store without physical stores making the business simple and cost effective. The brand does have a presence in key independent physical retailers in Johannesburg and Cape Town. All costs of development, design, start-up and set-up have been absorbed. The e-commerce store is fully functional with supporting social media pages fully operational. All payment and credit systems are integrated into the online module, and physical payment portals are provided fully operational (Yoco, Snapscan and Zapper). Please contact for further details.

Business is ready for physical retail if the new owner chooses to expand into bricks and mortar, excluding a POS module which is easy to install and hasn't been required thus far. Full supply chain process flow is implemented.

R150 000 of stock at retail value is included, as well as two full seasons of designs to accommodate the transitional period.

The business is easy to administer, light on capital and does not require staff at present as all functions are outsourced to professionals.

The company is not leveraged and has no liabilities or outstanding obligations. Current owner can stay on as consultant for 3 months to aid takeover if required. Company is fully tax compliant and up to date on all statutory and compliance requirements.

The company is entering the growth phase and this is beyond the expertise of the current owner who is project based and is disposing to invest in the next venture.

The business is an ideal lifestyle business that will suit an individual that seeks a business with growth prospects of more than 20% per year and does not have time to commit to 80+ hour weeks of a more demanding enterprise.

Valuation is R1.2M based on company profile and 3 year earnings projection - quick sale required
Id Subtitle 527001342
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PhilMMember since 2016
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